Look East on how to manage ageing population

THERE are two pertinent reasons why older persons now wish to continue working in their senior years. Firstly, they are living longer and healthier lives compared to their forebears. Secondly, they need income to sustain themselves in their extended lifespan.

Malaysia’s ageing population increased to 6.8% in 2020 from 5% in 2010. It is growing at a faster than expected rate, and more than 15% of Malaysians will be above the age of 65 by 2050.

We should therefore prepare now to meet the challenges of our ageing population. To do this, we can take a cue from Japan where 29.1% of the population is now above the age of 60.

The retirement age in Japan has been increased from 65 to 70, partly to overcome the labour shortage that resulted from the country’s falling birth rate.

Some companies in Japan have even abolished the retirement age altogether, allowing employees to work for as long as they are physically able to.

There are many opportunities for the elderly to enjoy healthy lifestyles in communities that cater for their needs. In Tokyo, for example, there is a district in the north where elderly patrons congregate and indulge in many traditional and healthy pastimes.

Instead of relaxing after reaching the retirement age, many Japanese prefer to put their skills and knowledge to the best use for society and have continued to work. They say that staying at work keeps them mentally and physically fit.

Social connections in Japan are highly valued, and many older adults remain engaged with their communities through voluntary work or community organisations. This helps them to stay socially active and connected.

In Malaysia, going back to work can be challenging for senior citizens. They will need to update their skills for today’s job market, which is becoming increasingly digital.

To help them, the government could consider offering incentives to employers who hire older workers. It could also encourage the formation of associations similar to the Silver Jinzai Centres, which serve as human resource centres in Japan.

These centres register pools of retirees whom the public and businesses can hire to help with chores like gardening and carpentry, or to work as babysitters, receptionists and restaurant staff.

TAN SRI LEE LAM THYE

Kuala Lumpur