Singapore to raise retirement age to 65, re-employment age to 70 from 2029

Singapore will raise its retirement age to 65 and re-employment age to 70 from 1 Jan 2029, a year earlier than planned. The move is among six recommendations by a tripartite workgroup on senior employment that have been accepted by the government. A new Flexi-Load Programme will also help employers offer more flexible jobs to workers aged 50 and above, while enhanced tax relief and wage support for older workers are being considered.
Ivy Chok reports.