Mustapa: Country needs policies to ensure Malaysians can support themselves in old age

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PETALING JAYA: With a rapidly ageing society, Malaysia needs comprehensive policies that will ensure its people have adequate financial protection in old age, says Datuk Seri Mustapa Mohamed.

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PETALING JAYA: With a rapidly ageing society, Malaysia needs comprehensive policies that will ensure its people have adequate financial protection in old age, says Datuk Seri Mustapa MohamedThe Minister in the Prime Minister's Department said policies were needed to foster workers’ productive employment – including for older people – such as enhanced opportunities for training and lifelong learning.

He said the report takes a holistic approach to obtain a comprehensive view of the real situation on the ground, which highlights the gaps in building a productive and inclusive ageing nation and provides actionable policy recommendations. Mustapa also said it was important to create an enabling market and regulatory environment and to strategically reorient public financing toward home and community-based aged care.

World Bank Group practice leader in human development Dr Achim Schmillen who presented the report said Malaysia, which had been a young society for the longest time, has changed in its demographic structure.

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TokPa_Comms Tell that to your government!

Spend now worry later policy EPF account 1 tzafrul_aziz Mustapa_Mohamed

And withdraw from epf at the same time.

It reads financial literacy ...

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