The government has decided to review the proposed implementation of early redemption of GCR for up to 75 days as replacement pay for civil servants who have served for at least 15 years as announced in the 2020 Budget.
Minister in the Prime Minister’s Department Datuk Takiyuddin Hassan said the review would be carried out as the early redemption of the GCR while still in service would not benefit civil servants. “This is because the GCR redemption calculation will be based on the current salary of civil servants. “The amount received via early redemption while in service is much lower than during retirement because the final salary received at that time will be higher,” he said during the Ministers’ Question Time in the Dewan Rakyat, today.
He said this in his reply to a question from Shaharizukirnain Abd Kadir regarding the status of the implementation of the GCR redemption. -
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Takiyuddin: Govt to review implementation of early redemption of GCR under Budget 2020KUALA LUMPUR: The government will review the implementation of the early redemption of accumulated leave under the 'Cash Award in Lieu of Leave (GCR)', as announced under Budget 2020.
Source: staronline - 🏆 4. / 75 Read more »
Bursa remains at 6-month high in early trade | New Straits TimesKUALA LUMPUR: Bursa Malaysia remained at a six-month high in early trade on Tuesday amid mixed market breadth.
Source: NST_Online - 🏆 17. / 53 Read more »
Reassess unfair practice by banks on early loan settlements | New Straits TimesNSTletters As such, after making payments without fail, as at the end of June 2020 (which was more than two years before the end of the hire purchase term), the amount outstanding for my loan stood at RM5,000.
Source: NST_Online - 🏆 17. / 53 Read more »
Early morning argument in Dewan Rakyat | New Straits TimesKUALA LUMPUR: Bickering in Dewan Rakyat started early today with Members of Parliament from all political divides throwing knives at each other over cybersecurity issues.
Source: NST_Online - 🏆 17. / 53 Read more »
Bursa Malaysia hovers at 1,600 level in early session | New Straits TimesKUALA LUMPUR: Bursa Malaysia climbed higher in the early session today on optimism surrounding a Covid-19 recovery after Gilead Sciences reported positive developments on clinical-trial data.
Source: NST_Online - 🏆 17. / 53 Read more »
Takiyuddin: Govt to review implementation of early redemption of GCR under Budget 2020KUALA LUMPUR: The government will review the implementation of the early redemption of accumulated leave under the 'Cash Award in Lieu of Leave (GCR)', as announced under Budget 2020.
Source: staronline - 🏆 4. / 75 Read more »