Premium
Retirement systems and pension reform: A Malaysian perspective
Author(s) -
TOLOS Habibah,
WANG Peijie,
ZHANG Miao,
SHAND Rory
Publication year - 2014
Publication title -
international labour review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.433
H-Index - 46
eISSN - 1564-913X
pISSN - 0020-7780
DOI - 10.1111/j.1564-913x.2014.00211.x
Subject(s) - pension , pension system , perspective (graphical) , conceptual framework , business , conceptual model , economics , public economics , actuarial science , finance , sociology , computer science , social science , database , artificial intelligence
This paper reviews and assesses emerging issues in retirement systems and pension reform in Malaysia. The pension system models proposed by the ILO, the World Bank and the Geneva Association are compared and analysed, providing a useful conceptual framework for the design and reform of pension systems. This framework is then used to assess pension reforms in Malaysia, analysing the relative advantages and disadvantages for workers. The authors conclude by proposing a number of recommendations for retirement system design and reform.