The Malta Sociological Association (MSA) welcomes this public consultation and the opportunity to contribute to discussions on pensions and ageing in Malta. We emphasise that pension policy should not be considered in isolation, but as part of a broader ecosystem of social supports, including community services, healthcare, housing, and social participation. Such an integrated approach is essential to ensure that people can age with dignity, maintain quality of life, and remain active members of society.
The MSA strongly recommends the systematic inclusion of Social Impact Assessment (SIA) in both the formulation and review of pension policy. SIA provides a structured framework to analyse the intended and unintended social consequences of policy decisions, including their effects on different social groups, intergenerational equity, and social cohesion. Its application would strengthen evidence-based policymaking and enhance transparency and accountability.
We also highlight the importance of long-term financial sustainability. While current pension adequacy remains a pressing concern, particularly in light of rising living costs,
it is equally important to ensure that future pension systems are resilient. In this regard, reliance on revenues linked to foreign labour participation may provide short-term fiscal support, but raises questions regarding long-term stability and demographic balance. A prudent approach would involve diversified and forward-looking strategies that safeguard both present and future pensioners.
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