 Retirement Schemes, its Challenges and Ways of Reformation: A Cross-Border StudyMarhanum Che Mohd Salleh (), Mohammad Abdul Matin Chowdhury (), Siti Salwani Razali () and Nan Nurhidayu Megat Laksana () International Journal of Asian Social Science, 2020, vol. 10, issue 9, 507-520 Abstract: The number of aging population (age 65 years and above) is expected to increase and grow double digit by the 2030s (Employees' Provident Fund (EPF), 2015). This scenario implies that there should be enough effort and preparation done by an individual or government to face any difficulties especially with regards to financial stability of people on their golden age. In view of this issue, this research aims to study existing retirement/pension plan offered by different countries in the world and Malaysian pension system. This study also highlighted the issues and challenges faced by existing retirement system and ways of reformation. To achieve the said objective, this research is conducted qualitatively based on literature review and observation on existing retirement planning that offered by selected countries in the world. The findings of this study will enable policy makers and researchers to consider further development in regards to the reformation needed to the retirement plan. Keywords: Retirement plan; Pension; Challenges; Ageing population; Malaysia; Cross-border study. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:asi:ijoass:v:10:y:2020:i:9:p:507-520:id:3210 Access Statistics for this article More articles in International Journal of Asian Social Science from Asian Economic and Social Society |
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