The statutory retirement age will go up to 63 in 2022, and eventually to 65 by 2030.
The re-employment age will also go up from 67 now to 68 in 2022, and eventually to 70 by 2030.
Workers in Singapore cannot be dismissed on the grounds of age before they reach the retirement age. Employers must also offer eligible staff work up to the re-employment age but with the flexibility to adjust contract terms.
[FULL STORY HERE]
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