BFM 89.9
The Business Station
Beyond EPF: Making the Case for a Universal Basic Pension
41 mins·12:00, 23 Jun 2025
Beyond EPF: Making the Case for a Universal Basic Pension
41 mins
·
12:00, 23 Jun 2025
·
Recommended
35 mins
45 mins
30 mins
Guest: Dr Geoffrey Williams, Economist & Founder, Williams Business Consultancy
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.
Presenter: Roshan Kanesan
Producer: Roshan Kanesan, Carol Wong
Share:
Recommended
Jun 23
·
35 minsHow Can We Better Understand the Conflict in Kashmir?
Jun 23
·
45 minsTop 5 at 5: Did Sabah's Youth Go Too Far?
Jun 23
·
30 minsIs Gene Editing The Silver Bullet for Rare Disorders?
Recent episodes
0
Latest stories
Podcasts · Jun 23 · 10:00AM
How Can We Better Understand the Conflict in Kashmir?
35 mins
Podcasts · Jun 23 · 35 mins
How Can We Better Understand the Conflict in Kashmir?
Podcasts · Jun 23 · 9:00AM
Top 5 at 5: Did Sabah's Youth Go Too Far?
45 mins
Podcasts · Jun 23 · 45 mins
Top 5 at 5: Did Sabah's Youth Go Too Far?
Podcasts · Jun 23 · 8:00AM
Is Gene Editing The Silver Bullet for Rare Disorders?
30 mins
Podcasts · Jun 23 · 30 mins
Is Gene Editing The Silver Bullet for Rare Disorders?