Future Pensioners
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Payment Method
Benefit Payment Method
| Pension / Derivative Pension / Retirement Allowance / Derivative Retirement Allowance / Pension Due to Disability / Dependent Pension | Electronic Fund Transfer (EFT) / Warrant |
| Gratuity/Derivative Gratuity | Electronic Fund Transfer (EFT) |
| Cash Reward in Lieu of Leave | Electronic Fund Transfer (EFT) |
Pension Payment Scheme via Banks
Scheme A
- For a pensioner who has a wife (wives) / husband or wife (wives) / husband from marriage after being pensioned from service.
- Pension payments will be automatically credited into the pensioner or pension recipient’s bank account on monthly basis.
Scheme A (Representative)
- A single pensioner, derivative pension recipient, dependent pension or pensioner who marries again after retirement is eligible to apply for the monthly pension paid under Scheme A, provided the bank account used is an individual account.
- The application can be made by filling out the JPA.BP.SKP.B08 form (download here).
Scheme B
- Payment under Scheme B is usually made to elderly pensioners and disabled children via a joint account.
- To appoint a representative to manage a recipient’s monthly pension payment.
- Pensioners or pension recipients are required to be present at the bank counter for verification purposes before the pension is credited to the bank account. pensioner’s bank account.
- If the pension payments are not claimed for three (3) consecutive months, the payment will expire, and pension payments for the following month will cease. Pensioners or pension recipients are required to provide feedback to KWAP in order for the pension to be reactivated.
Optional Retirement
Optional Retirement Under Section 12 Act 227/239
Application by Head of Department. The employee must:
- Over 40 years of age
- Having at least 10 years of reckonable service length
- Confirmed in the position and have reached pensionable status.
Payment of Retirement Benefit
For employees appointed prior to 12/04/1991, remuneration payment and payment in lieu of leave will be made on the date of retirement, whereas payment of monthly pension will commence as below:
| Upon reaching 45 years of age | Upon reaching 50 years of age |
|---|---|
|
Male officer |
For employees appointed on or after 12/04/1991, the payment of remuneration and Gantian Cuti Rehat (GCR) will be paid on the retirement date while the monthly pension will be paid upon reaching 55 years of age.
To Avoid Delays in Pension Benefit Payment
- Future retirees are encouraged to regularly review their service record book, leave records, and ensure that all information in the Human Resource Management Information System (HRMIS) is up to date. Any updates that require action by the department must be communicated promptly.
- Departments are responsible for ensuring that all complete retirement documentation is received by KWAP within three (3) to six (6) months prior to the employee’s retirement date.
- Retirement applications will only be processed upon receipt of complete documentation from the respective departments.
Privatisation of Company
Four (4) options are available for termination of employment of future pensioners in the event of privatisation:
- Retired After Receiving an Offer From Another Organisation
- Termination of Service
- Optional Retirement
- Retired Due to the Position Being Abrogated.
Retired After Receiving an Offer From Another Organisation
(Section 12A Act 227 / Section 13 Act 239)
An employee who retires under the above provisions must have served the company for five (5) years continuously unless the conditions below occurred:
- An illness confirmed by the Medical Board of the Government Medical Board;
- Passed away; or
- Downsizing policies as agreed by the Government.
Schemes offered:
Scheme A
- Salary, Allowance, Bonus, Leave & Medical expenses according to Government rate
- Able to convert to Scheme B within two (2) years (after 2 years, only able to convert by obtaining a job promotion)
- Duration of service and the last drawn salary at the company will be taken into account for retirement benefits
- Pension, retirement card & benefits will be given at the age of 55/56/58/60 based on options.
Scheme B
- Salary, Allowance, Remuneration, Leave & Medical expenses according to company rate
- Not allowed to convert to Scheme A
- Duration of service and the last drawn salary at the company will not be taken into account for retirement benefits
- Benefit, Retirement card & Pension received at the age of 50(M)/45(F)
Termination of Service
Benefits gained by terminated members:
- Eligible to receive retirement benefits if the period of service is five (5) years or more.
- Subject to EPF scheme
- For permanent and temporary employees; the company must offer a re-appointment option based on the terms and conditions
- As for part-time and contract basis employees, the company has the discretion whether to offer a re-appointment option.
Optional Retirement
(Section 12 Act 227/239)
- Benefit & Retirement Card received on the date of privatisation
- Members who are appointed before 12/04/1991 will receive their pensions at the age of 50 (M) / 45 (F), while members appointed after 12/04/1991 will receive their pensions at the age of 55.
Retirement Due to the Position Being Abrogated
(Section 10(5) (b) Act 227/239)
- Benefit, pension card & pension received on the date of privatisation
- Not subject to age or date of being appointed
- Not allowed to join the company / be reappointed by the company, except for employees who have reached the age of 50 (M) / 45 (F) and above. Whereas those who have served less than 10 years can be considered for employment with the company again subject to special approval from the Government.
Resignation
Government servants who have resigned or have been dismissed due to disciplinary action are not eligible for pension benefits
