S'pore to raise retirement age to 64 in 2026

[threadfin]

https://www.mothership.sg/tag/covid-19

S'pore to raise retirement age to 64 in 2026​

Re-employment age will be raised to 69 in the same year.

Kerr Puay Hian |

March 04, 2024, 05:02 PM

Singapore's retirement age will be raised to 64 years old in 2026, Minister of Manpower Tan See Leng announced on Mar. 4, 2024, during the Committee of Supply debates.

Re-employment age will be increased to 69 in the same year.

The retirement age was raised to 63, and the re-employment age to 68 in July 2022.

For a more inclusive workplace​

Tan said this is part of the government's plans to "work hand-in-hand with employers and workers to build more inclusive and progressive workplaces".

Tan added that for seniors who wish to continue working, tripartite partners have agreed in 2019 to increase retirement and re-employment ages to 65 and 70 by 2030.

He said the increase in 2026 was also planned after reaching an agreement with the tripartite partners.

"We want to provide all Singaporeans with opportunities to participate in our transformation journey," Tan said.

 

[threadfin]

Work till u die and pay taxes to support PAP elite salaries and service humongous mortgage loans

 

[True Believer]

Raising the official retirement age to 64 sounds good on paper, but as long as there are no specific anti-discrimination laws in place, competent older workers are not receiving adequate protection from discrimination based on their age rather than their ability; those affected by forced lay-offs will consider making official complaints nothing but a waste of time.

 

[True Believer]

Work till u die and pay taxes to support PAP elite salaries and service humongous mortgage loans

Removing older staff from their jobs after they have crossed a defined age may lead to companies losing some of their most valuable assets. Experienced managers are usually the most acquainted with how their organisations function, and are more likely to preempt problems than newer staff.

 

[red amoeba]

Government say 64. Private corp say 44. So how ?

 

[tobelightlight]

Provided PAP still run the show lah..

But one thing I dun understand,u can retire whenever u want, why do u need an authority to tell you when u can retired?

 

[True Believer]

Government say 64. Private corp say 44. So how ?

You hit the nail squarely on its head! Based on the experience of many of my ex-classmates, the axe tends to fall in the private sector by age 45. Some of them bounced back to white collar positions similar to their last job, but most fell off the cliff to either be self-employed or doing gig work far beneath their experience and qualifications.

 

[True Believer]

Provided PAP still run the show lah.. But one thing I dun understand,u can retire whenever u want, why do u need an authority to tell you when u can retired?

The official line from the Govt is that an official retirement age provides a framework for workforce management. It ensures fairness and supports older workers by helping to create a more inclusive and dynamic workplace. At the same time, it offers opportunities for younger staff while retaining the valuable experience and skills of older employees.

 

[Hypocrite-The]

You hit the nail squarely on its head! Based on the experience of many of my ex-classmates, the axe tends to fall in the private sector by age 45. Some of them bounced back to white collar positions similar to their last job, but most fell off the cliff to either be self-employed or doing gig work far beneath their experience and qualifications.

This ah pek is one of the many examples..

 

[birdie69]

Th

Raising the official retirement age to 64 sounds good on paper, but as long as there are no specific anti-discrimination laws in place, competent older workers are not receiving adequate protection from discrimination based on their age rather than their ability; those affected by forced lay-offs will consider making official complaints nothing but a waste of time.

The problem is the terms spelt out in the re-employment contract, such as no 13th month bonus, no performance bonus, even the younger employees are entitled. Is this discrimination against elder workers?

 

[tobelightlight]

The official line from the Govt is that an official retirement age provides a framework for workforce management. It ensures fairness and supports older workers by helping to create a more inclusive and dynamic workplace. At the same time, it offers opportunities for younger staff while retaining the valuable experience and skills of older employees.

That is very book theory. Does not reflect reality. No companies give a fuck what the govt say.. profit is the thing. If you reach certain age and the company feels that u are a liability. Bye bye to ur job.

 

[Hypocrite-The]

Th
The problem is the terms spelt out in the re-employment contract, such as no 13th month bonus, no performance bonus, even the younger employees are entitled. Is this discrimination against elder workers?

Oh and CPF contribution also cut by the employer? Well said it is age discrimination on the pap end

 

[myfoot123]

Singapore raise retirementment age in order for our GDP to look good superficially on world stage.

 

[cowbellc]

nabey gonna retire to grave still wanna raise up.

 

[k1976]

https://www.mothership.sg/tag/covid-19

S'pore to raise retirement age to 64 in 2026​

Re-employment age will be raised to 69 in the same year.

Kerr Puay Hian |

March 04, 2024, 05:02 PM

Singapore's retirement age will be raised to 64 years old in 2026, Minister of Manpower Tan See Leng announced on Mar. 4, 2024, during the Committee of Supply debates.

Re-employment age will be increased to 69 in the same year.

The retirement age was raised to 63, and the re-employment age to 68 in July 2022.

For a more inclusive workplace​

Tan said this is part of the government's plans to "work hand-in-hand with employers and workers to build more inclusive and progressive workplaces".

Tan added that for seniors who wish to continue working, tripartite partners have agreed in 2019 to increase retirement and re-employment ages to 65 and 70 by 2030.

He said the increase in 2026 was also planned after reaching an agreement with the tripartite partners.

"We want to provide all Singaporeans with opportunities to participate in our transformation journey," Tan said.

CPF goal pole shifting alert

 

[k1976]

Work till u die and pay taxes to support PAP elite salaries and service humongous mortgage loans

Is a privillage for coolie gene to “serf”

 

[k1976]

Work till u die and pay taxes to support PAP elite salaries and service humongous mortgage loans

“Work as u alive” scheme waiting for all after erection

 

[k1976]

Singapore raise retirementment age in order for our GDP to look good superficially on world stage.

Best if u can move to a better place by 70s, by suddenly drop dead with MA untouched

 

[sbfuncle]

Leetirement age going up means the gov is useless.
A good gov is supposed to make the Leetirement down and not up.
Fuck canto leng and LW

 

[batman1]

Government say 64. Private corp say 44. So how ?

The tripartism is a scam by mom and employers against the employees.555