scholarly journals Analysis of Mortality Improvement on the Pension Cost Due to Aging Population

MATEMATIKA ◽  
2020 ◽  
Vol 36 (3) ◽  
pp. 209-216
Author(s):  
Rose Irnawaty Ibrahim ◽  
Norazmir Mohd Nordin
Keyword(s):  
Life Expectancy ◽  
Aging Population ◽  
The Elderly ◽  
Malaysian Population ◽  
Pension Costs ◽  
The Government ◽  
Mortality Improvement ◽  
Life Annuities ◽  
Near Future ◽  
Economic Outlook

Aging is a good indicator in demographic and health areas as the lifespanof the elderly population increases. Based on the government’s Economic Outlook 2019,it was found that an aging population would increase the government pension paymentsas the pensioners and their beneficiaries have longer life expectancy. Due to mortalityrates decreasing over time, the life expectancy tends to increase in the future. Theaims of this study are to forecast the mortality rates in the years 2020 and 2025 usingthe Heligman-Pollard model and then analyse the effect of mortality improvement onthe pension cost (annuity factor) for the Malaysian population. However, this studyonly focuses on estimating the annuity factor using life annuities through the forecastedmortality rates. The findings indicated that the pension cost is expected to increase ifthe life expectancy of the Malaysian population increases due to the aging population inthe near future. Thus, to reduce pension costs and help the pensioners from insufficientfinancial income, the government needs to consider an extension of the retirement age infuture.

scholarly journals A Study of Aging Population and Central Provident Fund System in Macao

2018 ◽  
Vol 8 (1) ◽  
pp. 40
Author(s):  
Tang, Tang, Kai Hong
Keyword(s):  
Population Structure ◽  
Life Expectancy ◽  
Aging Population ◽  
Fertility Rate ◽  
Dependency Ratio ◽  
Special Administrative Region ◽  
Administrative Region ◽  
General Rules ◽  
The Government ◽  
Provident Fund

The world's overall fertility rate is declining while the life expectancy is increasing, the population structure is aging, the dependency ratio in Macao will steadily increase to 38.6% at the end of 2031. The median age of Macao is rising from Aged 38.1 to 45.5 during the period of 2011 to 2031. In this view, Macao becomes the aging society.In order to establish a basis for the establishment of a central provident fund system, the Macao SAR Government implemented the central savings system in 2009 through the General Rules for the Establishment and Management of Individual Accounts of the Central Savings System through Administrative Regulation No. 31/2009 to allocate funds for eligible account holders, Subsequently, the Government of the Macau Special Administrative Region (SAR) promulgated the Act "Non-mandatory Central Provident Fund System".

The provincial trend of population aging in China – based on population expansion forecast formula

2021 ◽  
pp. 1-11
Author(s):  
Lingyun Duan ◽  
Ziyuan Liu ◽  
Wen Yu ◽  
Wei Chen ◽  
Dongyan Jin ◽  
...  
Keyword(s):  
Population Aging ◽  
Population Expansion ◽  
Aging Population ◽  
The Elderly ◽  
Development Trend ◽  
National Bureau ◽  
Prediction Formula ◽  
Population Sampling ◽  
The Government ◽  
Population Prediction

China is one of the countries that have entered the stage of population aging. At present, the phenomenon of aging population has become a widespread concern of the whole society. Scientific and accurate prediction of aging population will help relevant departments to formulate specific countermeasures. This paper uses the Yearbook of China’s 1% population sampling survey in 2015 and the data published by the National Bureau of statistics. Based on the basic population prediction formula, the population prediction formula is established by using the index extrapolation method to predict the population aging development trend of provinces and cities in China from 2020 to 2050. The results show that: China’s aging degree will continue to increase, the size of the elderly population will continue to increase, 2020–2030 will be a period of rapid growth of the national population aging, after then the aging ratio will decline. The government should formulate security countermeasures for the elderly from various aspects as soon as possible and actively respond to aging the population.

scholarly journals A STUDY ON LONGEVITY FACTOR: THE CASE OF GOVERNMENT PENSIONER IN MALAYSIA

2017 ◽  
Vol 16 (1) ◽  
Author(s):  
Rose Irnawaty Ibrahim ◽  
Zailan Siri
Keyword(s):  
Life Expectancy ◽  
Mortality Risk ◽  
Retirement Age ◽  
Male And Female ◽  
Pension Costs ◽  
The Government ◽  
Pension Liabilities ◽  
Over Time

There are many researches showing that the life expectancy for most countries is increasing. Since the life expectancy at a particular age tends to increase over time for male and female, the mortality risk tends to be smaller over time. Therefore it is expected that pensioners tend to live longer and thereby cause increase in pension liabilities to the government. Countries are looking for solutions to decrease the effect of increased longevity on pension costs. The most common changes are to equalize the retirement age for male and female and to rise the retirement age. Therefore, we studied the longevity factor for the government pensioner in Malaysia at age 55, 56, 57, 58, 59 and 60 years respectively. Since the pensions are paid for the rest of the pensioner’s life in the event of his death and also to his spouse and child if any in the form of a derivative pension, the longevity factor for pensioner, spouse and child will be formulated and estimated separately. To formulate and estimate these factors, the theory of annuities and the Pension Law of Malaysia need to be studied.Keywords: Life Expectancy; Mortality Risk; Pension Liabilities; Longevity Factor; Derivative Pension; Annuities.

scholarly journals Trends in Population Aging and Social Policy for Elderly People in Vietnam

2021 ◽  
Vol 37 (2) ◽  
Author(s):  
Dang Thi Anh Tuyet ◽  
Nguyen Trung Hieu
Keyword(s):  
Quality Improvement ◽  
Life Expectancy ◽  
Social Services ◽  
Social Protection ◽  
Population Aging ◽  
Life Quality ◽  
Aging Population ◽  
The Elderly ◽  
Policy Adaptation ◽  
The World

Population aging is one of the central issues of many countries in the world, including Vietnam. Life quality improvement and increase in life expectancy are indicators of development achievements. However, increase in life expectancy and sub-replacement fertility will inevitably lead to the aging of the population and the aging population will surely increase socio-economic burden. Therefore, without timely policy adaptation solutions, Vietnam will face crises in a number of social areas, such as labor market, social protection for the elderly as well as providing basic social services in the context of an aging population.

scholarly journals Aging Population and Its Impacts on Economy of Vietnam

2021 ◽  
Vol 12 (4) ◽  
pp. 1681-1685
Author(s):  
Nguyen Tan Danh
Keyword(s):  
Population Aging ◽  
Aging Population ◽  
The Elderly ◽  
General Situation ◽  
Medical Field ◽  
Common Interests ◽  
The Common ◽  
The Government ◽  
The Right ◽  
The Impact

The proportion of the elderly in Vietnam is happening with rapidly growing numbers. This is an inevitable trend in Vietnamese society, and also a problem - a challenge for the government. The main goal of our country in particular is to point out and face the immediate situation (high aging rate of the population), and at the same time find a strategy that is suitable for the development of the country as well as consistent with the common interests of the current elderly group; making predictions to take the right steps to minimize the risks and risks from its negative sides. This article discusses the general situation of population aging in recent years in Vietnam; give specific numbers and statistics on this issue. From there, this article will highlight the opportunities and challenges that this country is facing - especially the impact on the country's economy and give a number of recommendations related to the improvementin order to build a satisfactory welfare and welfare system for the elderly in the current aging population in Vietnam. The article uses the method of surveying a number of interviewers to find suitable solutions, and the results show that the problem of the elderly, even though not alarmed since the elderly in Vietnam are still taken care by children and their families rather well. However, there is quite a big concern we need to pay more attention, that is, the economic burden will be an issue for society in the future, especially in the medical field.

scholarly journals Dementia-Free Life Expectancy among People over 60 Years Old by Sex, Urban and Rural Areas in Jiangxi Province, China

2020 ◽  
Vol 17 (16) ◽  
pp. 5665 ◽  
Author(s):  
Yuhang Wu ◽  
Huilie Zheng ◽  
Zhitao Liu ◽  
Shengwei Wang ◽  
Yong Liu ◽  
...  
Keyword(s):  
Life Expectancy ◽  
Rural Women ◽  
Rural Areas ◽  
Urban Areas ◽  
The Elderly ◽  
Jiangxi Province ◽  
Urban Men ◽  
Urban Rural ◽  
The Government ◽  
Urban And Rural Areas

Objective: To estimate and compare the dementia-free life expectancy (DemFLE) and age trends of the population over 60 in 2018 in Jiangxi Province, China, by sex and urban–rural areas. Methods: Based on the Summary of Health Statistics of Jiangxi Province in 2018 and the Sixth National Health Service survey of Jiangxi Province, the model life table is used to estimate the age-specific mortality rate by sex and urban–rural areas. DemFLE and its ratio to life expectancy (LE) were calculated using the Sullivan method. Results: In 2018, the DemFLE at age 60 was 18.48 years for men and 21.31 years for women, accounting for 96.62% and 96.67% of their LE. LE and DemFLE were higher for those in urban areas than in rural areas, except for men aged 90 and above; higher in women than in men, except for people in rural areas aged 90 and above. In urban areas, DemFLE/LE was higher for women than for men; the opposite was observed in rural areas. Urban women had a higher DemFLE/LE than rural women did, urban men had a lower DemFLE/LE than rural men did. Conclusions: With increased LE, DemFLE also increases, but with older age and over time, DemFLE/LE gradually decreases. The effect of dementia on elderly adults becomes more serious. It is necessary for the government to implement a series of prevention strategies to improve the quality of life and health awareness of the elderly. Elderly urban men and elderly rural women need more attention and health care.

A REVIEW ON THE BENEFITS OF HORTICULTURAL THERAPY FOR RETIREMENT COMMUNITY IN MALAYSIA

2017 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Amirul Amin Ismail ◽  
Ismail Samsuddin ◽  
Azman Zainonabidin ◽  
Harlina Mohd Ali
Keyword(s):  
Well Being ◽  
The Elderly ◽  
Retirement Community ◽  
Analysis Method ◽  
Horticultural Therapy ◽  
Seamless Integration ◽  
Ageing Society ◽  
After Effects ◽  
Malaysian Population ◽  
The Impact

By the year 2030, Malaysian population will experience the after effects of the rapid growth of ageing society. This paper investigates the impact of seamless integration of horticultural activity in the new residential typology of retirement community. It is believed that horticultural therapy is not only beneficial for physical and psychological but also promotes socialisation opportunities among the elderly. Comparative analysis method on selected precedent studies has been carried out and analysed in accordance with Malaysian context. Initial findings indicate that a retirement community with horticultural activity gives therapy for healthier well-being. This therapeutic activity can be apositive change in elderly lifestyle and essential towards the establishment of retirement community in Malaysia. 

scholarly journals How did Sweden Fail the Pandemic?

2021 ◽  
pp. 002073142199484
Author(s):  
Finn Diderichsen
Keyword(s):  
Elderly Care ◽  
The Elderly ◽  
Nordic Countries ◽  
The Other ◽  
Differential Survival ◽  
Adequate Care ◽  
Differential Exposure ◽  
The Government ◽  
Differential Immunity ◽  
Inequalities In Mortality

Sweden has since the start of the pandemic a COVID-19 mortality rate that is 4 to 10 times higher than in the other Nordic countries. Also, measured as age-standardized all-cause excess mortality in the first half of 2020 compared to previous years Sweden failed in comparison with the other Nordic countries, but only among the elderly. Sweden has large socioeconomic and ethnic inequalities in COVID-19 mortality. Geographical, ethnic, and socioeconomic inequalities in mortality can be due to differential exposure to the virus, differential immunity, and differential survival. Most of the country differences are due to differential exposure, but the socioeconomic disparities are mainly driven by differential survival due to an unequal burden of comorbidity. Sweden suffered from an unfortunate timing of tourists returning from virus hotspots in the Alps and Sweden's government response came later and was much more limited than elsewhere. The government had an explicit priority to protect the elderly in nursing and care homes but failed to do so. The staff in elderly care are less qualified and have harder working conditions in Sweden, and they lacked adequate care for the clients. Sweden has in recent years diverged from the Scandinavian welfare model by strong commercialization of primary care and elderly care.

scholarly journals A Study on Supply–Demand Satisfaction of Community-Based Senior Care Combined with the Psychological Perception of the Elderly

Healthcare ◽  
2021 ◽  
Vol 9 (6) ◽  
pp. 643
Author(s):  
Jiangang Shi ◽  
Wenwen Hua ◽  
Daizhong Tang ◽  
Ke Xu ◽  
Quanwei Xu
Keyword(s):  
Latent Variables ◽  
Structural Equation ◽  
Care Service ◽  
Elderly Care ◽  
The Elderly ◽  
Living Environment ◽  
Equation Modeling ◽  
Strategic Decisions ◽  
Community Based ◽  
The Government

Based on Maslow’s hierarchy of needs theory and customer satisfaction theory, we constructed a satisfaction model for supply–demand satisfaction for community-based senior care (SSCSC) combined with the psychological perspective of the elderly, and four dimensions of basic living needs (BLNs), living environment (LE), personal traits (PTs), and livability for the aged (LA) were selected to construct the model. The data were obtained from 296 questionnaires from seniors over 50 years old (or completed by relatives on their behalf, according to their actual situation). Twenty-two observed variables were selected for the five latent variables, and their interactions were explored using structural equation modeling. The results showed that LA was the most significant factor influencing SSCSC, and it was followed by BLNs and LE. PTs did not show a direct effect on LA, but they could have an indirect effect on SSCSC through influencing BLNs and LE. Based on the current state of community aging satisfaction, we propose to establish a community elderly care service system based on the basic needs of the elderly population, providing differentiated and refined elderly care services and improving the level of aging-friendly communities. This study provides references for the government to formulate relevant policies and other supply entities to make strategic decisions and has important implications for further enhancing community elderly services to become an important part of the social security system for the elderly.

Sign in / Sign up

Export Citation Format

Share Document