KUALA LUMPUR, Nov. 3 -- A proposal to raise Malaysia's retirement age from 60 to 65 has ignited a national debate, pitting the urgent need to support an ageing population against fears of stifling opportunities for the younger generation.

Proponents argue that with rising life expectancy, extending work life is a crucial step toward financial security.

Critics, however, warn it could block pathways for young graduates entering a competitive job market.

Empty nest eggs

The most compelling argument for raising the retirement age is the precarious financial state of many older Malaysians. Experts point to insufficient retirement savings as a looming crisis.

"Our own centre's data shows that a large percentage of Malaysians above 60 are ...