Retirement age, CPF rates for older workers to be raised: PM

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Retirement age, CPF rates for older workers to be raised: leehsienloong

"We want every Singaporean son and daughter to have the opportunity to receive a good education, and start well in life, regardless of family circumstances," says Mr Lee.FROM helping older workers stay employed to tackling climate change, Prime Minister Lee Hsien Loong addressed major issues for Singapore's future in Sunday night's National Day Rally - while noting that the current economic slowdown does not warrant stimulus measures, for now.

US-China tensions also affect the world economy. If the relations worsen, Singapore firms that export extensively to China will be hit, as will those that have factories in China and export to the US, he said. Nor can we expect firms to shift their manufacturing from China to Singapore. In his English speech, Mr Lee looked further into the future. With Singaporeans living longer and many wishing to work longer, the government will support employers and employees in enabling this.

In 2022, both the retirement and re-employment ages will start to be raised. The public service will take the lead by doing so first, in 2021.Looking much further ahead, Mr Lee turned to the issue of climate change. Singapore should treat climate change defences like the way it treats the Singapore Armed Forces,"with utmost seriousness", he said.

Source: News Formal (newsformal.com)

 

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