As Malaysia continues to evolve its social protection frameworks, the Social Security Organisation (PERKESO) has introduced a bold initiative to expand coverage under the Lindung Kasih scheme, aiming to protect homemakers up to the age of 60. This decision reflects a strategic shift toward ensuring long-term financial stability despite growing societal pressures. By aligning the age limit with retirement trends, PERKESO seeks to address both immediate risks and systemic challenges faced by women who remain active in caregiving roles. Financial planner Linnet Lee emphasized that extending coverage to 60 would better support individuals navigating the complexities of an aging society. Dr. Yeah Kim Leng from Sunway University economics highlighted the importance of this move, noting that women in their late 50s often play critical roles in family well-being, particularly in managing households and caring for elderly relatives. Lee stressed that while employment tenure may not increase, the focus remains on providing comprehensive financial security through extended coverage, which can help mitigate higher medical and care costs. As policymakers continue to refine retirement and social protection policies, this proposal underscores a potential balance between safeguarding vulnerable populations and adapting to a rapidly changing demographic landscape.
