Malaysia risks missing out on the economic benefits of its ageing population unless it invests in upskilling older workers, age-friendly workplaces, and flexible retirement policies. Experts warn that while extending the retirement age is being debated, the country lacks the health, pension, and retraining infrastructure needed to support seniors working into their 70s.
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Experts Warn Malaysia Is Unprepared for Ageing Workforce
Only 36% of Employees Provident Fund contributors reach basic savings targets by age 55. Calls are growing for a three-pillar system of personal savings, universal pensions, and long-term care insurance. Experts urge viewing ageing as an economic asset, not a burden, and demand coordinated national reform.
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