Re-employment age may go up to 67 from 65, says Dr Khor
The re-employment age for older Singaporeans may be raised to 67 from the current 65.
Senior Minister of State for Manpower, Amy Khor, raised this possibility during the ministry's committee of supply debate.
But, for now, she says the Tripartite Committee on Employability of Older Workers, or Tricom, will monitor the impact of the Retirement and Re-employment Act, as it has been in effect for only two years.
Dr Khor says the government's basic principle is to help older Singaporeans who desire to work to be able to do so.
"This allows them to remain meaningfully engaged, to conitnue to earn an income and to be better prepared for their retirement. Just as importantly, working also sustains a sense of dignity and self-worth."
Dr Khor says the WorkPro programme provides comprehensive support to encourage older workers and economically inactive locals to return to work.
More than 700 companies as come on board the programme as of December 2013.
Dr Khor says Tricom will also be launching an initiative to shape positive perceptions of older workers, to highlight the value they bring and encourage companys to tap on their experience.
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