NTUC chief to bosses: Raise retirement age voluntarily

Singapore

LABOUR chief Ng Chee Meng has called on more employers to voluntarily raise the retirement age of their workers beyond the statutory requirement of 62, as he commended Gardens by the Bay for being the latest company to do so.

A raised retirement age will allow older workers to continue working, earn an income and contribute, he said. The minister was speaking on Wednesday at the signing ceremony of a memorandum of understanding in which Gardens by the Bay pledged to raise its retirement age to 65 from next year.