Home . Reading . Malaysia’s ageing population challenge: World Bank moots RM350 monthly govt-funded ‘social pension’ for B40 elderly as a start

26 Jun 2020

Malaysia’s ageing population challenge: World Bank moots RM350 monthly govt-funded ‘social pension’ for B40 elderly as a start

The concern of whether Malaysia’s fast-ageing population would have enough savings to live out their days in retirement could be addressed by having the government fund a “social pension”, such as a RM350 monthly payment to senior citizens in the B40 group, the World Bank has suggested.