SINGAPORE — Singapore’s tripartite partners are in the “advanced stage” of determining the new retirement and re-employment ages with “good progress made”, said National Trades Union Congress secretary-general Ng Chee Meng.
It was announced last month that the Tripartite Workgroup on Older Workers, formed in May last year, had come to a consensus that both the retirement and re-employment ages should be raised.“At this year’s budget debate, our Labour Nominated Member of Parliament Arasu Duraisamy had asked for the retirement and re-employment ages to be moved up to 65 and 70 respectively. This is the Labour Movement’s aspiration,” added Ng, who is also MP for Pasir Ris-Punggol GRC.
About 20 unionised companies in Singapore have either raised their retirement ages beyond the mandatory age of 62 or do not stipulate any in their employment contracts. This is estimated to benefit some 330,000 workers to prepare them for what Ng termed as Industry 4.0.
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