Social Wellbeing Research Centre's Senior Research Fellow, Dr Zulkiply Omar, in Berita Harian suggests that Malaysia should emulate Singapore's retirement system, particularly the Central Provident Fund (CPF), to improve citizens' retirement savings. The CPF requires both workers and employers to contribute a fixed percentage of salary to individual retirement accounts, ensuring adequate funds for post-retirement needs. With an ageing population, Malaysia needs to strengthen its retirement system to reduce the financial burden on the government and ensure the elderly wellbeing. This can include increasing contribution rates, expanding coverage and offering incentives for voluntary savings. Implementing a system like the CPF could help achieve these goals. Read the article at: