Building a Retirement Fund in Malaysia

I am 29 years old this year. My parents already retired as government servants and enjoying their sweet retirement life with pensions by the government. This makes me think about what would my retirement life looks like after I retired. Unfortunately, I am not a government servant, and hence not eligible for the Malaysian Government pension that seems lucrative to me.

The Malaysian Government Pension

Pension given by the Malaysia Government is quite yummy if you have worked in the government sector for a long period. The pension fund is provided by KWAP (Kumpulan Wang Persaraan), Malaysia's largest public service pension fund which involves in diversified investment activities, manages fund collection, and provides pension services. 

This is how you calculate the pension in Malaysia: