Embrace serious reforms in pension, retirement framework - PM

The country needs to embrace serious reforms in its pension and retirement framework to ensure financial security and equity for all Malaysians, said Prime Minister Anwar Ibrahim.

Anwar said a recent survey found that 26.1 percent of respondents aged above 60 will continue to work until their health fails as they face challenges in achieving income security to finance their retirement needs.

The old-age population, he said, is more...