Govt finalising plan to extend re-employment age to 67
The government is finalising plans on an extension of the re-employment age from 65 to 67.
And it will share details later this year.
But even before the law is changed, Senior Minister of State for Manpower, Amy Khor, told Parliament that she wants to encourage employers to re-employ those who have reached 65 years of age, as long as they are able and willing to work.
This she says could help mitigate some of the effects of the current tight labour market.
Dr Khor also clarified some misconceptions about the re-employment age.
She says raising the re-employment age does not mean that the government does not want Singaporeans to retire.
It means that it wants to help those who wish to continue working to be able to do so.
And secondly, the statutory retirement age of 62 is not to require Singaporeans to retire at that age.
She sys the law, in fact, protects workers below 62 from being dismissed on the grounds of age.
And Dr Khor says there is no legal requirement for employers to retire workers at a certain age.
But when it comes to addressing the challenges of ageing, perceptions matter as much as policy.
Dr Khor says it takes a mindset change by all members of the society, including employers, co-workers and the public to support older workers at work.
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