RECENTLY, the Consumers’ Association of Penang (CAP) called for the adoption of a universal design for the ageing society in Malaysia. This was in line with the World Bank’s report in November last year highlighting that only 45.2% of persons aged 55 to 64 in Malaysia were employed.
Compared to upper-middle and high-income countries, this is low. According to the World Bank, this reflects the relatively low minimum retirement age as well as low EPF (Employees Provident Fund) minimum withdrawal age in Malaysia.
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