SINGAPORE - Re-employment age will be raised from 65 to 67 years old, Prime Minister Lee Hsien Loong announced at the National Day Rally today.
The new legislation will take effect by 2017, after the next general election.
According to PM Lee, many in their 60s want to work for more years: "They say, 'If I sit at home and do nothing, I will go ga-ga'".
Many have told him that they want to keep working for as long as they are healthy.
He added that when the re-employment age was raised to 65 three years ago, unions and workers were happy. Employers have accepted it, are adjusting and starting to benefit, he said.