As firms adapt to new guidelines, employees must reskill earlier to work longer
Add BT as a preferred source
Lee U-Wen
DeeperDive is a beta AI feature. Refer to full articles for the facts.
IT'S a known fact that Singaporeans are living much longer these days, with the country's life expectancy at birth currently the longest in the world at 84.8 years - even greater than that of Japan.
As such, it's not surprising that many people here want to stay employed longer too. The reasons are plentiful, with seniors eager to remain active well into their silver years and build a larger nest egg for their retirement.
On Sunday, Prime Minister Lee Hsien Loong announced at the National Day Rally that the retirement age will be raised from 62 to 63 in 2022, and reach 65 by the year 2030. The re-employment age will also go up in tandem - from 67 to 68 in 2022, before reaching 70 by 2030.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
