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Singapore’s Ministry of Manpower has announced it is working to finalise policy details that would change the age at which employees should be offered re-employment.
Speaking in Parliament on Tuesday, the Minister of State for Manpower, Dr. Amy Khor, said the tripartite committee on the employability of older workers (TRICOM) is looking at the extension of the re-employment age from 65 to 67.
“At the same time, we are taking the opportunity to review and iron out any outstanding implementation issues such as guidelines on wage adjustment and presumption of medical fitness, and update the law and the tripartite guidelines on the re-employment of older employees,” she said.
“We are finalising the proposals with our tripartite partners and should be ready to share these plans later this year.”
In her speech, she also encouraged employers to re-employ those who have reached 65 years old as long as they are able and willing to work, even before the changes to the law are implemented.
“This could help mitigate some of the effects of the current tight labour market,” Khor stated.
She also clarified that raising the re-employment age does not imply that the government is preventing Singaporeans from retiring.
Instead, she stated that the aim of doing so is to help those who wish to continue working to be able to do so.
“The statutory retirement age of 62 is not to require Singaporeans to retire at 62. The law, in fact, protects workers below 62 from being dismissed on the grounds of age. There is no legal requirement for employers to retire workers at a certain age,” she added.
“I think Singaporeans who want to work longer will welcome this.”