Description
Malaysia is facing being an Ageing Nation faster than expected, and the recent shocking announcement that it’s main retirement savings fund, the Employees Provident Fund, has had about 60% of its members having less than RM10,000 each, brings forth the dark spectre of old age poverty. In our earlier paper, we outlined how the private sector has failed and that government intervention is needed. Here we quantitatively test if the government can afford to give every pensioner a state pension, also known as a “universal pension”.
Reviews
There are no reviews yet.