00:00An economist believes that the growth of Soekarela's savings can be linked to the performance of the pension fund and the increase in income can be used by its members.
00:14Fariq Sazuki from Baid Al-Amanah also links this leap with the benefits of the Aysara'an scheme,
00:21i.e. the Soekarela Savings Program for self-employed and non-employed workers who do not receive permanent income.
00:29Spenders under the Aysara'an scheme receive a special incentive from the government of 20% of their Soekarela savings in a year.
00:39Last year, more than 1.2 million KWSP members made Soekarela savings of RM13 billion, which is linked to a stable dividend rate from the pension fund.
00:53Another economist, Kelvin Cheng, said that although the RM13 billion is fierce, it may be too early to conclude that structural changes are taking place in the behavior of pension savings in Malaysia.
01:07Cheng, from the Institute for Strategic and International Studies, said that temporary factors such as the ratio of employment to a higher population
01:17and changes in the behavior of pension savings are the main drivers of Soekarela savings growth.
