Retirement schemes, its challenges and ways of reformation: a cross-border study
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 espec...
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| Format: | Article |
| Language: | English |
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Asian Economic and Social Society (AESS)
2020
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| Online Access: | http://irep.iium.edu.my/82858/ http://irep.iium.edu.my/82858/1/IJASS-2020-retirement.pdf |
| _version_ | 1848789381691736064 |
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| author | Che Mohd Salleh, Marhanum Chowdhuri, Mohamad Abdul Matin Razali, Siti Salwani Megat Laksana, Nan Noorhidayu |
| author_facet | Che Mohd Salleh, Marhanum Chowdhuri, Mohamad Abdul Matin Razali, Siti Salwani Megat Laksana, Nan Noorhidayu |
| author_sort | Che Mohd Salleh, Marhanum |
| building | IIUM Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T17:55:49Z |
| format | Article |
| id | iium-82858 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T17:55:49Z |
| publishDate | 2020 |
| publisher | Asian Economic and Social Society (AESS) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-828582020-09-24T02:17:25Z http://irep.iium.edu.my/82858/ Retirement schemes, its challenges and ways of reformation: a cross-border study Che Mohd Salleh, Marhanum Chowdhuri, Mohamad Abdul Matin Razali, Siti Salwani Megat Laksana, Nan Noorhidayu HG Finance HG8719 Islamic Insurance Takaful 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. Asian Economic and Social Society (AESS) 2020-08-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/82858/1/IJASS-2020-retirement.pdf 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 http://www.aessweb.com/pdf-files/IJASS-2020-10(9)-507-520.pdf |
| spellingShingle | HG Finance HG8719 Islamic Insurance Takaful Che Mohd Salleh, Marhanum Chowdhuri, Mohamad Abdul Matin Razali, Siti Salwani Megat Laksana, Nan Noorhidayu Retirement schemes, its challenges and ways of reformation: a cross-border study |
| title | Retirement schemes, its challenges and ways of reformation: a cross-border study |
| title_full | Retirement schemes, its challenges and ways of reformation: a cross-border study |
| title_fullStr | Retirement schemes, its challenges and ways of reformation: a cross-border study |
| title_full_unstemmed | Retirement schemes, its challenges and ways of reformation: a cross-border study |
| title_short | Retirement schemes, its challenges and ways of reformation: a cross-border study |
| title_sort | retirement schemes, its challenges and ways of reformation: a cross-border study |
| topic | HG Finance HG8719 Islamic Insurance Takaful |
| url | http://irep.iium.edu.my/82858/ http://irep.iium.edu.my/82858/ http://irep.iium.edu.my/82858/1/IJASS-2020-retirement.pdf |