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Comparative Analysis of Malaysian and Indonesian Retirement Plan Shah, Nurin Athirah Mohd Alam; Nasrul, Muhammad Amrullah; Rahman, Siti Fatimah Binti Abd.; Seviyana, Devi
Lex Scientia Law Review Vol 7 No 2 (2023): Justice in Broader Context: Contemporary and Controversial Issues in Indonesia an
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/lesrev.v7i2.69847

Abstract

In Malaysia, the Employee Provident Fund (EPF) was established Under the Employees Provident Fund Act 1991 as a social security organisation that offers members trustworthy and efficient savings management and it is open to both personnel. In contrast, the Private Pension Administrator (PPA) developed the Private Retirement Scheme (PRS), a retirement programme, to address retirees' insufficient resources for meeting their retirement expenses in light of rising living standards and longer life expectancies. Having to see the similar aspects between EPF and PRS in terms of creating savings and their importance towards securing a certain degree of comfort for retirees, the purpose of this study is to provide a thorough explanation of how these two retirement plans can benefit all Malaysian private employees. Similar to Malaysia, all private sector workers in Indonesia are also required to participate in retirement plan. Thus, the purpose of this study is to evaluate the similarities and differences between Malaysia's and Indonesia's retirement plan. This research employs a qualitative approach, by conducting library-based research on the relevant materials including, but not limited to statutory provisions, case laws, law textbooks, journal articles, newspapers, conference proceedings, and seminar papers. At the end of the discussion, the findings show that both countries have their own retirement plans and have the same goal which is to provide facilities to all private-sector workers.
Estate Administration in Malaysia: Analysis of The Hire-Purchase Agreement to The Deceased’s Vehicle Repossession Nasrul, Muhammad Amrullah; Anis A'fifah Zairin Zain; Salim, Wan Noraini Mohd Salim
Alauddin Law Development Journal (ALDEV) Vol 7 No 1 (2025): Human Rights and Global Perspectives on Humanitarian Law
Publisher : Department of Law, Universitas Islam Negeri Alauddin Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24252/aldev.v7i1.54290

Abstract

This paper examines the challenges faced by beneficiaries in managing the estate of a deceased person, specifically in relation to vehicles under hire-purchase agreements. Many beneficiaries are unaware of the procedures outlined in the Malaysian Hire-Purchase Act 1967, which often results in vehicle repossession due to non-payment of installments. In some cases, beneficiaries are also burdened with settling the outstanding loan balance despite the repossession, exacerbating the emotional and financial strain on the deceased’s family. This study focuses on the estate administration process, particularly the transfer of vehicle ownership and explores the legal provisions governing repossession when the hirer passes away during the agreement period. Adopting a qualitative methodology, this research draws upon statutory analysis, case law, academic literature, and seminar papers. The findings reveal that a lack of legal awareness and administrative delays are primary factors contributing to repossession, ultimately causing further financial hardship to the beneficiaries.