More aid, higher savings needed to boost retirement incomes


Malaysia is expected to be a 'super-aged' nation by 2056. — 123rf.com

PETALING JAYA: Malaysia needs to give more aid to the poorest among its elderly population, boost savings, and cut household debt to strengthen retirement incomes.

These are among the measures suggested by the Mercer CFA Institute's 2023 Global Pension Index report, which benchmarked the retirement income system in 47 countries including Malaysia.

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