Understanding on the malaysian retirement systems

Reference no: EM133330420

Question: Malaysian workforce often talks about retirement and the challenges retirees face. There never is a shortage of points that need to be made, but one should be able to see main retirement challenges that threaten his/her cash flow. Inflation, returns, unfilled income gaps, market risk, interest rate risks, taxes, long term care expenses, rising health care costs are just some few real concerns that need to be thought about.

Compose your understanding on the Malaysian retirement systems by answering the followings:

a) Beside Defined Benefits (DB) and Defined Contributions (DC) plans, provide FOUR (4) other sources of retirement income for an individual.

b) Provide THREE (3) situations where pension payment for a government retiree will cease even though he/she is still alive.

c) You are given the following information related to Aiman's house and his EPF saving account:

Cost of house = RM350,000
Balance in EPF Account II = RM52,000
Loan amount = 95% of the house price

Calculate the actual amount that Aiman could withdraw under the housing-withdrawal scheme of his EPF account. Explain your answer.

d) You have been given a task (pair assignment) to study the topic related to the retirement plans environment as follows:

1. Importance of retirement planning
2. Life expectancy and career stability
3. Effect of Aging population
4. Effect of inflation to Retirement

i) Indicate your chosen topic and construct FOUR (4) points from your own presentation.

ii) Indicate the other group topic (one only) which has been presented by other group (pair) and similarly construct FOUR (4) points on your understanding on that topic.

Reference no: EM133330420

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