Emberix
2021-11-02
Noooo
Singapore to Begin Raising Retirement Age From July 1 Next Year
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Employers will also be required to offer to re-employ workers as old as 68 in the same organization, up from the existing cap of 67.</p>\n<p>The government has long-signaled its desire to let citizens work longer, with Prime Minister Lee Hsien Loong announcing plans to raise age limits in 2019. Singapore, where about one in five residents will be above 65 by the end of the decade, joins other major economies likeChinathat have announced lifting the retirement age in phases.</p>\n<p>Singapore has also outlined plans to raise age limits further by 2030 to support those who wish to work longer and improve their financial situations in retirement. 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