Malaysia is ageing, raise retirement age to 65 gradually, says World Bank
Rapid ageing will be one of the most crucial megatrends affecting Malaysia in the coming decades, raising policy challenges in areas such as employment, income security, health care, and aged care, the World Bank has said. In its report titled “A Silver Lining: Productive and Inclusive Ageing for Malaysia”, it said a gradual increase of the retirement age to 65 was needed as the country’s institutional framework for providing income security for older persons remained largely unchanged in...