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Podcast  >  Enterprise  >  Enterprise Explores  >  Beyond EPF: Making the Case for a Universal Basic Pension

Beyond EPF: Making the Case for a Universal Basic Pension

Dr Geoffrey Williams, Economist & Founder, Williams Business Consultancy

23-Jun-25 12:00

Beyond EPF: Making the Case for a Universal Basic Pension

Malaysia's EPF system, designed for a different era, is proving insufficient for a future of longer lifespans and flexible work. As millions face retirement insecurity, the conversation must shift from merely fixing the old model to building a new one. But what should that new social safety net look like?

Economist Dr. Geoffrey Williams joins us to make the case for a radical solution: a universal, non-contributory, basic pension. He dismantles the "work longer, save more" myth and lays out a position for how Malaysia can afford a more inclusive and resilient retirement system for all its citizens.

We discuss:

  • Why the current retirement models are inadequate in today's environment.

  • The long-term economic consequences of a retirement savings crisis.

  • The blueprint for a non-contributory universal basic pension in Malaysia.

  • How it could be funded by subsidy rationalisation or a Malaysian "super fund."

  • The long-term economic case for a universal pension versus the status quo.

  • Debunking the "work longer" myth as a viable solution to the crisis.

For policymakers, economists, and anyone seeking a bold, workable solution to Malaysia's retirement crisis, this lays out the essential argument for fundamental change.

Produced by: Roshan Kanesan, Carol Wong

Presented by: Roshan Kanesan


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Categories:  economyCorporatesmanagingfinancial wellness

Tags:  pension reformuniversal basic pensionepfaging populationeconomic policy





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