SBF calls on firms to support new retirement, re-employment ages and CPF contributions

In “gradual steps”, Singapore willto 65 and 70 respectively by 2030, said Prime Minister Lee Hsien Loong in his National Day Rally speech.

Discussions within the workgroup had been “intense”, according to Mr Lee, with employers expressing concerns about costs given the uncertain economic outlook.To help businesses, the Government will implement a support package, with more details set to be announced during next year’s Budget. “This is especially so when our companies, across different sectors and industries, are facing unique challenges in today’s uncertain global climate.”

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NDR 2019: New retirement, re-employment ages of 65 and 70 by 2030; higher CPF contributions for older workersSINGAPORE: Singapore will raise the retirement age and re-employment age to 65 and 70 respectively by 2030, alongside increases in the Central ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

NDR 2019: New retirement, re-employment ages of 65 and 70 by 2030; higher CPF contributions for older workersSINGAPORE: Singapore will raise the retirement age and re-employment age to 65 and 70 respectively by 2030, alongside increases in the Central ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »