IN A historic feat, Asia Pacific University of Technology and Innovation (APU) has become the first and only Malaysian university to receive accreditation from the Quality Assurance Agency for Higher Education (QAA) in the UK.
PETALING JAYA: There is a lack of lifetime payouts for most Malaysian seniors and this needs to be addressed, say experts.
Chai suggested that as an immediate reform, EPF should determine a minimum sum to be disbursed monthly. “This allows for fund redistribution; aged individuals can get at least a basic pension, while those who work will get the basic pension on top of their own occupational pension,” he said, adding that the model was adapted from the Swedish pension system.
Malaysian Coalition on Ageing chairman Cheah Tuck Wing shared similar concerns, and said all workers should be made to contribute to EPF.
EPF Anwar Retirement Aged Population
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