If 40 is the new 20, then this totally makes sense.
Singapore's re-employment age will soon be adjusted from 65 to 67 years old, according to Prime Minister Lee Hsien Loong in his National Day Rally speech last night.
He claimed that that it is the workers themselves who want the adjustment.
"Workers want us to raise the re-employment age. They want to keep working for as long as they are healthy. I hear this every time I attend a union function," he said.
Under the Retirement and Re-employment Act, the minimum retirement age in Singapore is 62 years."However, employers are required to offer re-employment to eligible employees who turn 62, up to age 65, to continue their employment in the organisation," notes the Ministry of Manpower website.
In September 2014, the Tripartite Committee on Employability of Older Workers (Tricom) recommended that the Government encourage employers to voluntarily raise the re-employment age from 65 to 67 years old, it adds.
Photo: AFP
If 40 is the new 20, then this totally makes sense.
Singapore's re-employment age will soon be adjusted from 65 to 67 years old, according to Prime Minister Lee Hsien Loong in his National Day Rally speech last night.
He claimed that that it is the workers themselves who want the adjustment.
"Workers want us to raise the re-employment age. They want to keep working for as long as they are healthy. I hear this every time I attend a union function," he said.
Under the Retirement and Re-employment Act, the minimum retirement age in Singapore is 62 years."However, employers are required to offer re-employment to eligible employees who turn 62, up to age 65, to continue their employment in the organisation," notes the Ministry of Manpower website.
In September 2014, the Tripartite Committee on Employability of Older Workers (Tricom) recommended that the Government encourage employers to voluntarily raise the re-employment age from 65 to 67 years old, it adds.
Photo: AFP