The Long Term Financial Sustainability Of The Civil Service Pension Scheme In Malaysia

CSPS is a non-contributory and a defined-benefit pension scheme for all government employees who are eligible for pension. Under this scheme, the employees do not contribute for their pension and all expenditure is borne by the government through tax revenues. With the growing number of public secto...

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Main Author: Darmaraj, Sheila Rose
Format: Thesis
Language:English
Published: 2017
Subjects:
Online Access:http://eprints.usm.my/45487/1/SHEILA%20ROSE%20AP%20DARMARAJ.pdf
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spelling my-usm-ep.454872019-09-19T01:40:41Z The Long Term Financial Sustainability Of The Civil Service Pension Scheme In Malaysia 2017-02 Darmaraj, Sheila Rose H1-99 Social sciences (General) CSPS is a non-contributory and a defined-benefit pension scheme for all government employees who are eligible for pension. Under this scheme, the employees do not contribute for their pension and all expenditure is borne by the government through tax revenues. With the growing number of public sector employees, their longer life expectancy, and the expanding benefits under the CSPS, spending on pensions has been escalating. The main objective of the study was to assess its financial sustainability in terms of the pension deficit (ratio of pension deficit to total wages) and financial gap (pension deficit as a percentage of GDP). A country specific model that allows the projections of future expenditures and revenues over a period of 75 years was used to undertake this exercise under eight alternative scenarios. 2017-02 Thesis http://eprints.usm.my/45487/ http://eprints.usm.my/45487/1/SHEILA%20ROSE%20AP%20DARMARAJ.pdf application/pdf en public phd doctoral Universiti Sains Malaysia Pusat Pengajian Sains Kemasyarakatan
institution Universiti Sains Malaysia
collection USM Institutional Repository
language English
topic H1-99 Social sciences (General)
spellingShingle H1-99 Social sciences (General)
Darmaraj, Sheila Rose
The Long Term Financial Sustainability Of The Civil Service Pension Scheme In Malaysia
description CSPS is a non-contributory and a defined-benefit pension scheme for all government employees who are eligible for pension. Under this scheme, the employees do not contribute for their pension and all expenditure is borne by the government through tax revenues. With the growing number of public sector employees, their longer life expectancy, and the expanding benefits under the CSPS, spending on pensions has been escalating. The main objective of the study was to assess its financial sustainability in terms of the pension deficit (ratio of pension deficit to total wages) and financial gap (pension deficit as a percentage of GDP). A country specific model that allows the projections of future expenditures and revenues over a period of 75 years was used to undertake this exercise under eight alternative scenarios.
format Thesis
qualification_name Doctor of Philosophy (PhD.)
qualification_level Doctorate
author Darmaraj, Sheila Rose
author_facet Darmaraj, Sheila Rose
author_sort Darmaraj, Sheila Rose
title The Long Term Financial Sustainability Of The Civil Service Pension Scheme In Malaysia
title_short The Long Term Financial Sustainability Of The Civil Service Pension Scheme In Malaysia
title_full The Long Term Financial Sustainability Of The Civil Service Pension Scheme In Malaysia
title_fullStr The Long Term Financial Sustainability Of The Civil Service Pension Scheme In Malaysia
title_full_unstemmed The Long Term Financial Sustainability Of The Civil Service Pension Scheme In Malaysia
title_sort long term financial sustainability of the civil service pension scheme in malaysia
granting_institution Universiti Sains Malaysia
granting_department Pusat Pengajian Sains Kemasyarakatan
publishDate 2017
url http://eprints.usm.my/45487/1/SHEILA%20ROSE%20AP%20DARMARAJ.pdf
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