Re-employment helps workers ease into retirement, not meant to build up nest egg
THE first thing that hits me after reading the Tripartite Workgroup on Older Workers' proposals is this: I'm left out of it.
All the changes it recommends in the Strengthening Support for Older Workers report, which the government has accepted, only come into force after I am no longer working.
In particular, the move to raise the re-employment age cap to 70 by 2030. This only starts to kick in on July 1, 2022, when the cap on the re-employment age is lifted to 68.
TRENDING NOW
Soon Su Lin to step down as Frasers Property CEO; Tan Wee Hsien named successor
Interest in SGX-listed small and mid-cap stocks returning, but analysts flag overvalued tech stocks
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Taiwan’s wealthy seeks diversification to Singapore, sparking private banking race: Bloomberg