Abstract
The aim of a pension system is to provide consumption smoothing and insurance for pensioners after retirement. However, longevity risk and economic uncertainty raise issues regards pension fund stability and sustainability. The objective of this paper is to analyze the soundness of Malaysia's Employees Provident Fund (EPF) in fulfilling the pension system objectives and providing a protection to maintain its members"Ÿ standard of living during retirement. This paper provides information on the current state of the pension system in Malaysia, focusing on the EPF, its financial soundness and more generally the economic adequacy of pension"Ÿs schemes for pensioners over their retirement.
| Original language | English |
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| Title of host publication | International Conference on Economics, Management and Corporate Social Responsibility (EMCSR'16), 7-8 January 2016, Kuala Lumpur, Malaysia |
| Publisher | International Centre of Economics, Humanities and Management |
| Pages | 14-18 |
| Number of pages | 5 |
| ISBN (Print) | 9789384422530 |
| Publication status | Published - 2016 |
| Event | International Conference on Economics_Management and Corporate Social Responsibility - Duration: 7 Jan 2016 → … |
Conference
| Conference | International Conference on Economics_Management and Corporate Social Responsibility |
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| Period | 7/01/16 → … |
Keywords
- pensions
- Malaysia