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Singapore set to raise retirement ages as seniors stay healthier

Bloomberg
Bloomberg • 2 min read
Singapore set to raise retirement ages as seniors stay healthier
(Mar 6): Singapore may raise its retirement and re-employment ages as citizens enjoy more years of good health and demonstrate sustained productivity at work.
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(Mar 6): Singapore may raise its retirement and re-employment ages as citizens enjoy more years of good health and demonstrate sustained productivity at work.

The retirement age, which is now at 62, and re-employment age, 67, are set to be raised, though the exact timing of the changes and by how much have yet to be determined, the country’s Minister of Manpower Josephine Teo said in parliament on Tuesday.

This comes after a working group comprising individuals from the government, labour unions and private sector in the city-state reached a consensus on the matter, she said.

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