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The impact on pension liabilities of Malaysian government pension scheme from remarriage due to removal of pension clause

In the event of death of any government employee, their monthly pension will be given to their widow and their child. The government will stop paying that pension when the widow died and when the widow chooses to remarry. However, in 1st January 2002, the remarriage clause has been removed from the...

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Main Authors: R.I., Ibrahim, Z., Siri
Format: Conference Paper
Language:en_US
Published: American Institute of Physics Inc. 2015
Subjects:
pension factor
pension liabilities
remarriage clause
Online Access:http://ddms.usim.edu.my/handle/123456789/9255
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spelling my.usim-92552015-08-26T06:31:25Z The impact on pension liabilities of Malaysian government pension scheme from remarriage due to removal of pension clause R.I., Ibrahim Z., Siri pension factor pension liabilities remarriage clause In the event of death of any government employee, their monthly pension will be given to their widow and their child. The government will stop paying that pension when the widow died and when the widow chooses to remarry. However, in 1st January 2002, the remarriage clause has been removed from the regulations. This would allow all widows who remarried to receive pension as usual. In view of this, there are possibilities that those widows who are still young might remarried. If many of the widows choose to remarry, it will be a burden to the government as it would increase the pension liabilities. However, we do not know how many of the widow will remarry. In view of this, the purpose of the study is to assess the impact to pension liabilities of government pension schemes on individual life due to removal clause of the remarriage by determining the pension factor and to assess to what extent the pension liabilities of government pension schemes would be affected. 2015-08-26T06:31:25Z 2015-08-26T06:31:25Z 2014-01-01 Conference Paper 9780-7354-1274-3 0094-243X http://ddms.usim.edu.my/handle/123456789/9255 en_US American Institute of Physics Inc.
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language en_US
topic pension factor
pension liabilities
remarriage clause
spellingShingle pension factor
pension liabilities
remarriage clause
R.I., Ibrahim
Z., Siri
The impact on pension liabilities of Malaysian government pension scheme from remarriage due to removal of pension clause
description In the event of death of any government employee, their monthly pension will be given to their widow and their child. The government will stop paying that pension when the widow died and when the widow chooses to remarry. However, in 1st January 2002, the remarriage clause has been removed from the regulations. This would allow all widows who remarried to receive pension as usual. In view of this, there are possibilities that those widows who are still young might remarried. If many of the widows choose to remarry, it will be a burden to the government as it would increase the pension liabilities. However, we do not know how many of the widow will remarry. In view of this, the purpose of the study is to assess the impact to pension liabilities of government pension schemes on individual life due to removal clause of the remarriage by determining the pension factor and to assess to what extent the pension liabilities of government pension schemes would be affected.
format Conference Paper
author R.I., Ibrahim
Z., Siri
author_facet R.I., Ibrahim
Z., Siri
author_sort R.I., Ibrahim
title The impact on pension liabilities of Malaysian government pension scheme from remarriage due to removal of pension clause
title_short The impact on pension liabilities of Malaysian government pension scheme from remarriage due to removal of pension clause
title_full The impact on pension liabilities of Malaysian government pension scheme from remarriage due to removal of pension clause
title_fullStr The impact on pension liabilities of Malaysian government pension scheme from remarriage due to removal of pension clause
title_full_unstemmed The impact on pension liabilities of Malaysian government pension scheme from remarriage due to removal of pension clause
title_sort impact on pension liabilities of malaysian government pension scheme from remarriage due to removal of pension clause
publisher American Institute of Physics Inc.
publishDate 2015
url http://ddms.usim.edu.my/handle/123456789/9255
_version_ 1645152574503911424
score 13.222552

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