We know that the coming rapid population ageing will create a heavy financial burden for the governments, societies, and households in many countries in the world, including Indonesia. How to solve it?
There are still a lot of different answers.
And here is our tentative recommendation.
We need a policy package which consists of three sub-policies. These three sub-policies must be implemented together.
Abolish retirement age, seniority system, and “juniority” systems
It is against human right to deny people to work and reward simply because of their ages, old or young.
Create a merit system.
People should be hired and rewarded according their productivity.
Create a just and sustainable social security system.
The state must provide assistance for those who cannot work and cannot support themselves fully. The assistance is regardless the ages, for both the young and the old.
In short, currently, Indonesia is still at the early stage of developing a just and sustainable social security system. In the mean time, Indonesia could start implementing the first two sub-policies: abolishing retirement age, seniority system, juniority system and creating a merit system.
I hope, I can soon write our recommendation in a greater detail. I warmly welcome anybody who is interested to develop this recommendation further.