Amidst tumultuous times in the legal realm, Prime Minister Datuk Seri Anwar Ibrahim is steadfastly committed to championing the rights of pensioners. With the Federal Court’s recent verdict negating amendments to the pension law, the government is preparing to announce plans aimed at securing the interests of retirees.
Acting dual roles as the Prime Minister and Finance Minister, Anwar Ibrahim is at the forefront of the campaign to devise a comprehensive strategy. The government is currently refining the specifics of a system meant to safeguard the rights and financial security of pensioners. A formal proclamation outlining the initiative is expected to be made shortly.
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In a recent interaction with media representatives, Ibrahim stated that they are fully prepared to respond to the situation. The verdict of the Federal Court deserves respect and necessitates action. they’re progressing towards a systematic solution to ensure pensioners’ welfare, with the details soon to be announced.
The need for such measures stems from a momentous ruling by the Federal Court on June 27. The court declared that the legal changes initiated in 2013, including the introduction of a novel pension scheme that proposed annual pension payment increments of two percent, were unjust towards pensioners and violated constitutional principles.
This ruling signifies a return to the preceding version of the pension adjustment scheme, viewed as being more beneficial to the retired populace.
Source: Sinar Daily
