Reforms needed for pension scheme, says UM professor

PETALING JAYA: Reforms are needed for pension schemes so that all aged Malaysians have income security, says Universiti Malaya’s Social Wellbeing Research Centre director Emeritus Prof Datuk Norma Mansor.

"Currently, around 50% of the workforce is not under the Employees Provident Fund (EPF) scheme, and women have a lower participation rate in EPF because many take part in informal jobs and caregiving roles," she said.