SINGAPORE: Members of Parliament from the labour movement and Nominated Members of Parliament gave their reaction on Sunday to Prime Minister Lee Hsien Loong's announcement in his National Day Rally speech that CPF contribution rates for a segment of older workers would be raised.
Because Singaporeans are living longer, there is a need to help older workers, give them the choice to work longer, and provide better for their retirement, he said.Mr Tay, who is also the chairman of the Government Parliamentary Committee for Manpower, acknowledged that businesses would have concerns.
However, while the labour movement will encourage businesses and help them, Mr Zainal urged workers to keep themselves healthy and continuously learn so that they remain employable as they grow older."SHOULDN'T YOU BE TREATED THE SAME AS OTHER WORKERS?": WALTER THESEIRA Referring to raise in the retirement age in gradual phases from 62 to 65 and re-employment age from 67 to 70, by 2030 Ms Ong said: "We want them to work longer, we should also provide for them more in terms of the CPF contributions."
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