SINGAPORE, Oct 26 — Singapore will raise retirement age to 65 and re-employment age to 70 from Jan 1, 2029, a year ahead of the 2030 timeline, as part of six recommendations to help seniors remain in the workforce longer.
Announced today by the Tripartite Workgroup on Senior Employment (TWG-SE), the recommendations aim to help more seniors remain in meaningful, sustainable employment, while promoting age-diverse, multi-generational workplaces.
This comes amid an ageing workforce, with the proportion of Singapore's resident labour force aged 50 and above rising from 34 per cent to 40 per cent over the past decade, according to the Ministry of Manpower.
Speaking at the launch conference today, Minister of State for Manpower Dinesh Vasu Dash said employers should adapt jobs and workplaces to give older workers more options to remain in the workforce.
