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Retirement schemes, its challenges and ways of reformation: a cross-border study

Che Mohd Salleh, Marhanum and Chowdhuri, Mohamad Abdul Matin and Razali, Siti Salwani and Megat Laksana, Nan Noorhidayu (2020) Retirement schemes, its challenges and ways of reformation: a cross-border study. International Journal of Asian Social Science, 10 (9). pp. 507-520. ISSN 2226-5139 E-ISSN 2224-4441

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The number of aging population (age 65 years and above) is expected to increase and grow double digit by the 2030s (Employees' Provident Fund (EPF), 2015). This scenario implies that there should be enough effort and preparation done by an individual or government to face any difficulties especially with regards to financial stability of people on their golden age. In view of this issue, this research aims to study existing retirement/pension plan offered by different countries in the world and Malaysian pension system. This study also highlighted the issues and challenges faced by existing retirement system and ways of reformation. To achieve the said objective, this research is conducted qualitatively based on literature review and observation on existing retirement planning that offered by selected countries in the world. The findings of this study will enable policy makers and researchers to consider further development in regards to the reformation needed to the retirement plan.

Item Type: Article (Journal)
Additional Information: 7080/82858
Uncontrolled Keywords: Retirement plan, Pension, Challenges, Ageing population, Malaysia, Cross-border study
Subjects: H Social Sciences > HG Finance
H Social Sciences > HG Finance > HG8719 Islamic Insurance Takaful
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences > Department of Finance
Kulliyyah of Economics and Management Sciences
Depositing User: Dr. Marhanum Che Mohd Salleh
Date Deposited: 24 Sep 2020 10:17
Last Modified: 24 Sep 2020 10:17
URI: http://irep.iium.edu.my/id/eprint/82858

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