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Federation of Reproductive Health Associations Malaysia president Datuk Dr Kamaruzzaman Ali said the country would face huge implications in human resources as well as services for the elderly.
He said one of the problems Malaysia faced in coping with the transition was the country’s timespan from now to an ageing nation was too short compared with other countries.
He cited European nations, where their democratic window to reach the status was longer.
Thus, he said, it is important for Malaysia and its citizens to prepare themselves quickly.
“Whatever mechanism available needs to be in place and ready for use once 2035 comes,” he told the New Straits Times.
Dr Kamaruzzaman said the government and citizens should ensure there were safety nets for the elderly.
“Our country has many pension schemes, be it those in the government or private sector.
“However, it is worrying to hear that the elderly are spending all their pension within the first few years of retirement.
“This is a major concern because as you grow older, health issues contribute most to your life. Thus you need to have safety nets to cover health issues.”
Noting that Malaysians were fortunate to have insurance schemes and universal health coverage at a nominal sum, he said Malaysians needed to be wary because the cost of medical coverage was increasing.
You can read the full interview here.
