Malaysia

The perks of being a lawmaker: RM2 mil gratuity, RM100,000 monthly pension

This on top of RM55,000 salary, driver, land, RM100,000 holiday allowance, MP reveals in bid to stem excesses

Updated 4 years ago · Published on 29 Sep 2021 4:17PM

The perks of being a lawmaker: RM2 mil gratuity, RM100,000 monthly pension
Muar MP Syed Saddiq Syed Abdul Rahman says there are MPs who refuse to retire even after serving for decades because the longer you serve, the higher your pension. – Parlimen Malaysia pic, September 29, 2021

by Amar Shah Mohsen

KUALA LUMPUR – Malaysians were today given more insight into the perks of being ministers and lawmakers, as Syed Saddiq Syed Abdul Rahman (Muar-Independent) detailed some of the benefits enjoyed by these post holders.

Speaking in Parliament, the lawmaker said ministers are granted gratuity of up to RM2 million upon their resignation, regardless of the period spent in the position.

This is on top of their monthly salary of about RM55,000 a month, an official residence in Putrajaya, a plot of land in the federal administrative capital, a driver, and a holiday allowance of more than RM100,000 a year.

“If a politician has served four to five terms as an MP, even if he becomes a minister for one day, his gratuity can be more than RM1 million,” he said when debating the 12th Malaysia Plan in the Dewan Rakyat today.

“That is why I have to ask, in the current government, there are ministers who remained in the cabinet under three different administrations in three years. Will he receive gratuity just once, or separate for each time he resigns? All this must stop.”

Syed Saddiq said politicians also enjoy a rather lucrative pension scheme as a lawmaker, as well as for each position he holds in federal and state governments.

He said if an individual has served in multiple posts in the past, this could even grant him a pension of more than RM100,000 a month.

Elaborating, he said there are separate pension schemes for being an MP, senator, assemblyman, executive councillor, Dewan Rakyat speaker, deputy minister and prime minister, and that one stands to gain more with more positions held.

Additionally, the Muda founder said a lawmaker will also receive more in pension if he serves a constituency longer.

“Many ask why there are MPs who refuse to retire even after serving for decades. The reality is, the calculation for pension is different. The longer you serve, the higher your pension.

“For example, if you serve for six terms, the pension is way higher, because it is not static to the monthly salary received each month.

“That is why some lawmakers refuse to retire because, in the end, their monthly pension, inclusive of all the posts they have held before, can surpass RM100,000.”

To address this, Syed Saddiq proposed setting up a special committee to discuss the matter, alongside the issue of political funding. – The Vibes, September 29, 2021

Related News

Malaysia / 1w

BNPL users hit eight million as outstanding balances reach RM5.3b

Malaysia / 1mth

Speaker reminds MPs not to skip parliamentary sessions

Malaysia / 1mth

Hamzah back in the saddle as opposition leader after brief shake-up

Malaysia / 1mth

Muhyiddin's seat in Dewan Rakyat moved to Block E

Malaysia / 4mth

Government does not have to pay RM1.7 billion in pension arrears to civil servants (UPDATED)

Malaysia / 4mth

‘I feel awkward sitting next to Hamzah’ – Muhyiddin

Spotlight

Malaysia

‘No such thing as Bangkok Move or Dubai Move’ – Ahmad Zahid

Malaysia

KSN: Rectify long waiting times, service challenges and workforce constraints at UMMC now

Malaysia

LGE trial: 4 to 5 meetings held before open tender bidding for road, undersea tunnel projects - witness

Malaysia

Najib marks 73rd birthday as legal battles continue from behind prison walls

Malaysia

Court orders police to probe foreign management institute

Malaysia

UMNO pushes back against Hamzah’s ‘PBN’ proposal, says BN-PN cooperation is not a new coalition

Malaysia

Form four student killed after car crosses into opposite lane in Setiu crash

World

France heatwave death toll rises to nearly 5,800 as extreme temperatures trigger record mortality

Culture

Penang: Three refurbished tourism attractions to be ‘reopened’ soon

By Ian McIntyre

You may be interested

Malaysia

PETROS begins first oil production as Sarawak pushes to expand role in Malaysia’s energy sector

Malaysia

Govt works on Budget 2027 as Anwar faces subsidy costs, fiscal pressures and living cost challenges

Malaysia

UMNO-Amanah spar over BN-PN ties as Unity Government tensions escalate

Malaysia

Suspended police corporal charged with sexual assault of 11-year-old daughter

Malaysia

Muhyiddin rejects Khaled’s 'kacau daun' jibe, says Bersatu is in Negeri to win

Malaysia

Zahid says PN-BN 'PBN' proposal must be formalised before talks can begin

By Alfian Z.M. Tahir

Malaysia

Johari holds first talks with USTR Greer to balance US trade measures

Malaysia

Two-year-old girl killed after being hit by lorry driven by grandfather in Kedah