Human Resources

Toggle

Article

NTUC to raise retirement, re-employment ages ahead of national schedule

HR Masterclass Series: High-level HR strategy training workshops
with topics ranging from Analytics, to HR Business Partnering, Coaching, Leadership, Agile Talent and more.
Review the 2019 masterclasses here »

Singapore’s National Trades Union Congress (NTUC) will be raising the retirement age and re-employment age of its staff to 63 and 68 respectively, ahead of the national schedule. This will be done by 1 January 2021, one-and-a-half-years ahead of the guidelines.

This was announced at a dialogue session yesterday, which was graced by Guest-of-Honour Deputy Prime Minister (DPM) and Minister for Finance Heng Swee Keat, comprising union leaders from NTUC-affiliated unions, and representatives from NTUC’s social enterprises.

In a Facebook post, NTUC Secretary-General Ng Chee Meng said this will take effect for NTUC from 1 January 2021, with all 12 of its social enterprises following suit six months later.

As stated in a press release, about 430 workers from NTUC and its social enterprises stand to benefit from the early raising of the retirement age, while about 280 stand to benefit from the early raising of the re-employment age.

Overall, NTUC and its social enterprises currently employ about 2,400 older workers beyond the current statutory retirement age of 62.

Dialogue-with-DPM-Heng1

This dialogue was hosted by NTUC President Mary Liew and Secretary-General Ng, and held at the National Museum of Singapore where NTUC’s ReUnion Exhibition is currently being showcased.

Pictured above, the session also involved Minister for Communications and Information S Iswaran; Minister for Trade and Industry Chan Chun Sing; and Minister of State, Ministry of Manpower & Ministry of National Development Zaqy Mohamad.

Photos / NTUC



Uncover and learn about complex HR innovation tools and strategies at Accelerate HR from Thailand's largest employers including Agoda, DKSH, Fonterra, FWD, Kasikornbank, Minor Food, Nissan Motor and more.
Happening in Bangkok on 26-27 November, group discounts when you bring your team.

Read More News

Trending