KUALA LUMPUR, May 25 -- The Malaysian Youth Council has voiced its opposition to the proposal to raise the retirement age to 65, arguing that the policy is not suitable for Malaysia's labour market.

Its president Mohd Izzat Afifi Abdul Hamid said the move would carry socio-economic implications that could adversely affect youth employment and development, the New Straits Times reported.

"For example, the increase in the retirement age from 55 to 60 in 2013 was linked to the loss of nearly one million new job opportunities for graduates and young job seekers," he said in a statement today.

"In the current context, Malaysia produces more than 300,000 graduates annually, and many of them still struggle to secure permanent employment."

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