PETALING JAYA, Dec 14 — The Ministry of Finance is looking to develop the right policies and structural reforms in the future to ensure the independence of the ageing population and to create a more inclusive society.
“We must realise that a healthy ageing population can participate in and contribute to the nation’s sustainable and productive growth,” he said in his speech at the launch of Cagamas Bhd’s Skim Saraan Bercagar here today. “This exemption will help reduce the cost for borrowers who will benefit from this scheme and ensure it is more accessible for retirees,” he said.
He said the government and the Employees Provident Fund have implemented three withdrawal schemes to alleviate the people’s burden due to the Covid-19 pandemic, with a total of RM101 billion withdrawn by 7.4 million members. “This is especially concerning for Bumiputera members, who account for nearly 80 per cent of the withdrawal applicants,” he said
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