Retirement age could be lifted but time needed: PM

Retirement age could be lifted but time needed: PM
Office workers in the central business district (CBD).

Raising the retirement as well as the re-employment age is on the cards, "but that may take a few years yet", said Prime Minister Lee Hsien Loong.

Get the full story from The Straits Times.

PM Lee was speaking at a forum "Ask the Prime Minister" last night (Sept 4) and he responded to a question from a caller, who is 64 years old, who is concerned about retirement age in Singapore.

The caller's question: "The company that I work for is awaiting the government's direction before they will look into extending our employment. And by that time, I would have been mandatorily retired. Please treat this as an urgent request the expedite the re-employment extension, so that we can work till 67 without having to apply for a job at 65."

PM Lee's reply: "We are working towards helping people to work longer because we are all living longer and we would like people to work as long as they are healthy and well. Because I think that's the best way, not just to upkeep yourself, but also to stay active, fit and connected with your friends.

"We pushed the re-employment age to 65 - in fact, we just got there last year. And we would like to go up further.

"It will take awhile for us to be ready to change the law and push it up, by law, because I think we need to give a bit of time for companies to get used to the arrangements and to see how they work out.

"But on a voluntary basis, we very much encourage companies to keep on employing their workers as long as their workers are fit and well and productive beyond 65. The government does that very often. People are well above 65. In fact, my radiographer in SGH is 78 years old and he's still going strong. So I hope your company takes that attitude.

"We are working towards raising the retirement age and the re-employment age, but that may take a few years."


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