Retirement and re-employment ages to be raised by 3 years, CPF contribution rates for older workers to go up

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SINGAPORE — Twenty years after the retirement age was last raised to 62, the Government will increase it to 65 by about 2030, while the re-employment age will go up from the current age of 67 to 70, Prime Minister Lee Hsien Loong announced at the National Day Rally on Sunday (Aug 18).

 

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Retirement and re-employment ages to be raised by 3 years, CPF contribution rates for older workers to go upSINGAPORE — Twenty years after the retirement age was last raised to 62, the Government will increase it to 65 by about 2030, while the re-employment age will go up from the current age of 67 to 70, Prime Minister Lee Hsien Loong announced at the National Day Rally on Sunday (Aug 18).
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