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Old 24-08-2015, 06:20 AM
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Thumbs up NDR2015: Re-employment age to be raised to 67 by 2017

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Yesterday 9:18 PM Post: #1 AhLoy
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NDR2015: Re-employment age to be raised to 67 by 2017

POSTED: 23 Aug 2015 21:14

SINGAPORE: The Government will legislate to raise the re-employment age from 65 to 67 by 2017, after the coming General Election, said Prime Minister Lee Hsien Loong.

Speaking at the National Day Rally on Sunday (Aug 23), Mr Lee said that raising the re-employment age to 65 three years ago appears to be working well, with unions and workers happy and employers adjusting and starting to benefit from it.


But from workers' point of view, 65 may be too early to stop working. "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," said Mr Lee.

While he agrees, he said, companies must be given time to adjust and work out practical arrangements, "so that re-employed workers can be productive and not a burden on their companies".

Mr Lee said what many seniors really want is to age well, and Minister Gan Kim Yong who leads the Ministerial Committee on Ageing will announce an Action Plan soon, that hopefully would make Singapore a model for successful ageing.




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