BFM 89.9

Podcast  >  Bigger Picture  >  Beyond The Ballot Box  >  Retire With Dignity: Why We Need a Senior Citizens Pension Scheme

Retire With Dignity: Why We Need a Senior Citizens Pension Scheme

Sivarajan Arumugam , Secretary General, Parti Sosialis Malaysia (PSM)

18-Apr-23 15:00

Retire With Dignity: Why We Need a Senior Citizens Pension Scheme

Parti Sosialis Malaysia (PSM) has launched a campaign, urging the government to implement a pension scheme for senior citizens. Under their proposed pension scheme, all retirees above the age of 65 will receive RM 500 a month. PSM estimates that such a scheme would help 1.8 million senior citizens lead a “dignified” life as well as reduce the financial burden on their children. But is it feasible? Some critics have pointed out that it could be too expensive a burden for the government to bear, while others say the abhorrent situation of most people’s retirement savings is due to their own laziness and inability to plan for the future. 

How much of these arguments hold weight? And why does PSM maintain that this is an absolutely feasible and important piece of legislation that needs to be implemented?

We unpack this with Sivarajan Arumugam, Secretary General of Parti Sosialis Malaysia.

Produced by: Dashran Yohan

Presented by: Dashran Yohan

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  economypoliticsgovernmentLaw/Activism

Tags:  pension schemethe bigger picturebeyond the ballot boxpoliticsmalaysian politicsretirementpensionepfsocialism

Play / Pause

Listen now : Inside Story

Today’s Shows

6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

7:15 AM

Morning Brief

8:00 AM

The Breakfast Grille

Dr. Brian Wong, Assistant Professor at the Department of Philosophy at the University of Hong Kong and author of "The Era of Geopolitics"

8:30 AM

Morning Brief

9:00 AM

Opening Bell

9:35 AM

The Property Show

10:05 AM

Open For Business

John Schneider and Jason Loh, Acxyn

11:05 AM


Faye Wongso, KUMPUL

12:00 PM

Enterprise Biz Bytes

1:00 PM

The Breakfast Grille Repeat

2:05 PM

Live & Learn

The Debate Surrounding Women-Only MRT Coaches

3:05 PM

Earth Matters

Stories from Upper Baram Pt 2: Saving Rivers, Lives, and Restoring Rights

4:05 PM

Health & Living

Be Fit Malaysians: Building Strength = Building Muscle?

5:00 PM

The Evening Edition

5:35 PM

Today On Twitter

6:05 PM

Inside Story

7:05 PM

The Evening Edition

7:35 PM

Popcorn Culture - Review

The Creator

8:00 PM

Cruise Control

Daniel Fernandez, | Ariff Roose | Richard Bradbury

10:00 PM

The Pulse