The Aging Population Brings Certain Burdens to Communities and the Nation

(Miri, 19th) Sarawak Transport Minister Datuk Lee Kim Shin stated that the aging population will bring certain burdens to communities and the nation, and Malaysia's aging issue will become increasingly severe, posing significant burdens and challenges to our country's medical services.

He said that the Department of Statistics Malaysia (DOSM) estimates that the percentage of citizens aged 65 and above will increase from 8% in 2024 to 15% in 2030. Currently, the life expectancy for Malaysian males is 74 years, and for females, it is 79 years.

Lee Kim Shin made this statement during the first-anniversary celebration of the Miri Excellence Senior Association.

He pointed out that the world is aging, and in many countries, the elderly population outnumbers the children born. As birth rates decline and life expectancy increases due to medical advancements, Malaysia, like other countries worldwide, is aging rapidly.

"Meanwhile, many Malaysians are not financially prepared for retirement. According to data from the Employees Provident Fund (EPF), nearly two-thirds of its 54-year-old members are a year away from being able to withdraw their full pension, but their savings are less than 100,000 Ringgit."

He stated that insufficient financial preparation means many elderly people will face financial difficulties in old age. It is crucial that all elderly individuals require medical care, and financial insufficiencies will pose certain economic burdens on their families.

"The Sarawak government provides the Kenyalang Gold Card, offering discounts, special offers, and unique benefits for those aged 60 and above across Sarawak, along with annual medical benefits worth 500 Ringgit, enabling the elderly to seek medical care, blood tests, and vaccinations to prevent illnesses such as flu or pneumonia."

He also mentioned that the National Senior Citizens Action Plan and the upcoming Senior Citizens Bill demonstrate the Malaysian government's commitment to improving the welfare and rights of the elderly, while also hoping for the timely participation of more non-governmental organizations to jointly improve the welfare of senior citizens.