More cash sought for Myanmar pension plan

Myanmar’s Ministry of Social Welfare, Relief and Resettlement is seeking more money for a planned social pension program, according to a senior official.

The ministry originally requested K500 million (US$390,000) in 2015-16 to distribute to an estimated 35,000 people aged 90 years and above.

However, a final count revealed that there are actually 25,000 people in the over-90 age bracket. Even with the lower estimate, each pensioner was slated to receive just K20,000 for the year – well below the K1500-a-day minimum that aged care experts have urged.

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