{"id":657359,"date":"2026-10-26T07:38:09","date_gmt":"2026-10-26T07:38:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/657359\/"},"modified":"2026-10-26T07:38:09","modified_gmt":"2026-10-26T07:38:09","slug":"singapore-to-raise-retirement-age-to-65-re-employment-age-to-70-in-2029","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/657359\/","title":{"rendered":"Singapore to raise retirement age to 65, re-employment age to 70 in 2029"},"content":{"rendered":"<p class=\"text-primary article-summary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">SINGAPORE \u2013 The retirement age will be raised to 65 on Jan 1, 2029, and the re-employment age to 70, as part of Singapore\u2019s measures to build age-friendly jobs and age-diverse workplaces.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The changes will take effect one year ahead of the original target.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">\u201cThis gives senior workers greater assurance that they can continue working if they wish to,\u201d the Tripartite Workgroup on Senior Employment said on Oct 26.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\"><a href=\"https:\/\/www.straitstimes.com\/singapore\/politics\/singapore-to-raise-retirement-age-to-64-and-re-employment-age-to-69-on-july-1-tan-see-leng?ref=inline-article\" rel=\"noopener nofollow\" class=\"gap-x-04 items-center inline text-primary-60 select-auto\" aria-label=\"link\" target=\"_blank\" data-testid=\"custom-link\">The retirement age was raised to 64 earlier in July,<\/a> while the re-employment age was raised to 69.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The workgroup, which was set up in July 2025 to review and refresh Singapore\u2019s senior employment strategy, outlined six recommendations, which the Government has accepted.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Broadly, the moves will help seniors stay employed and return to work after a break; support those who wish to work beyond the statutory retirement and re-employment ages; and provide more targeted support for lower-wage seniors.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The workgroup comprises representatives from the Ministry of Manpower (MOM), the National Trades Union Congress (NTUC) and the Singapore National Employers Federation (SNEF).<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Its recommendations follow consultations with over 1,000 stakeholders, including employers, industry and union representatives, workers, HR professionals and academics, as well as overseas study trips.<\/p>\n<p>Creating flexi-load arrangements<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The workgroup\u2019s report, released on Oct 26, noted that while flexi-place and flexi-time arrangements are fairly common, there is a \u201csignificant gap\u201d in flexi-load options for seniors.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Under the Ministry of Manpower\u2019s Tripartite Guidelines on Flexible Work Arrangement Requests, flexi-place arrangements allow employees to work from different locations, such as from home, while flexi-time arrangements allow employees to vary their working hours, such as staggered start and end times.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Flexi-load arrangements, meanwhile, allow employees to take on different workloads with corresponding adjustments to their remuneration.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Minister of State for Manpower Dinesh Vasu Dash said at a press conference on Oct 26 that the recommendations are meant to help seniors find meaningful and sustainable employment in more flexible ways.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">\u201cFor some seniors, this may mean continuing in the same job for longer. For others, it may mean moving into a different role, working at a different pace or adjusting work around changing personal circumstances.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">\u201cWhat matters is that seniors who wish to continue working have meaningful options to do so,\u201d he said.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Among full-time resident employees aged 50 to 64, 85.5% were offered flexi-time work, and 78.7% were offered flexi-place arrangements. Just 74.5% were provided with flexi-load arrangements, according to MOM data for 2024.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">To help seniors who have left the workforce return to employment and encourage wider adoption of flexi-load arrangements, the workgroup proposed setting up a new flexi-load programme and a dedicated programme office. This replaces the Part-Time Re-employment Grant, which has supported about 68,500 seniors and 7,800 employers.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The programme was developed after drawing on insights gained during the workgroup\u2019s study trip to Japan, which provides its senior workers with tailored support to help them navigate later-life career transitions.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The Japanese government runs a network of Hello Work public employment offices that help people find jobs and access employment support. The offices have a \u201clifelong active worker support desk\u201d that assists elderly job seekers in finding re-employment opportunities, including flexi-load work arrangements.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The workgroup acknowledged that companies traditionally structured around full-time work may find it challenging to create flexi-load options and will require additional resources to redesign jobs, systems and policies.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The new office, led by the Skills and Workforce Development Agency and in collaboration with NTUC and SNEF, will push for more ways to help employers defray the costs of developing and implementing flexi-load arrangements.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Redesigning and breaking jobs down into smaller roles, or job fractionalisation, would make it easier to match senior job seekers with employers\u2019 needs.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Dinesh cited how the prototypes and solutions developed by the Alliance for Action on Empowering Multi-Stage Careers for Mature Workers have benefited more than 1,600 senior workers.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Over a year, 30 organisations across six sectors designed, tested and refined these prototypes. For example, social service organisation Kampong Kapor Community Services worked with Mercer, an HR and financial consulting firm, to create alternative employment models such as session-based and case-based roles to attract and retain experienced workers, who may no longer find traditional full-time employment arrangements suitable.<\/p>\n<p>NTUC deputy secretary-general Desmond Tan said the workgroup\u2019s priority is about giving senior workers choice, assurance and dignity.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">That choice, however, must come with \u201cpersonal readiness and responsibility\u201d, he said, adding that senior workers can plan early and keep their skills current to prepare themselves for changes in jobs.<\/p>\n<p>Enhanced support for senior workers<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Singapore does not tax the first $20,000 of a tax resident\u2019s chargeable income, while workers aged 55 to 59 can currently claim up to $6,000 earned income relief, while those 60 and above can claim up to $8,000.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The workgroup recommends reducing seniors\u2019 tax burden by enhancing this relief for senior workers who work beyond the statutory retirement and re-employment ages.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/10\/2ac1c07f123379210bcf31709d6b48bb3490e6e4a3326145a18de112ee985d58.webp\" alt=\"A new office will be set up to help firms redesign jobs and offer more flexi-load options for seniors.\" class=\"aspect-landscape flex items-start shrink-0 object-cover landscape article-landscape mobile:w-auto tablet:w-auto\" data-testid=\"image-test-id\" loading=\"lazy\" fetchpriority=\"auto\"\/><\/p>\n<p class=\"inline text-secondary font-secondary-captions-baseline-regular\" data-testid=\"inline-media-caption-test-id\">A new office will be set up to help employers defray the costs of developing and implementing flexi-load arrangements.<\/p>\n<p class=\"inline text-tertiary font-secondary-captions-baseline-regular\" data-testid=\"inline-media-credit-test-id\"> PHOTO: BUSINESS TIMES<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">This would increase their take-home pay and incentivise them to remain in the workforce.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Employers in Singapore must make a one-off Employment Assistance Payment (EAP) to an eligible older worker as a last resort if it cannot find a suitable position for them when they reach the re-employment age.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The workgroup proposed updating the minimum and maximum EAP amounts to account for wage growth in recent years and ensure that workers who are not re-employed continue to be adequately supported.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The EAP is meant to help <a href=\"https:\/\/www.straitstimes.com\/singapore\/politics\/employment-assistance-payment-carefully-scoped-shouldn-t-be-compared-with-retrenchment-benefits-koh-poh-koon?ref=inline-article\" rel=\"noopener nofollow\" class=\"gap-x-04 items-center inline text-primary-60 select-auto\" aria-label=\"link\" target=\"_blank\" data-testid=\"custom-link\">tide senior workers over while they look for alternative employment.<\/a><\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">To retain senior workers, another recommendation is to replace the expiring Senior Employment Credit (SEC) with a new Re-Employment Credit from 2028.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The current SEC, which provides up to 7% in wage offsets to employers who hire Singaporeans aged 60 and above earning below $4,000 a month, will expire at the end of 2027.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The workgroup\u2019s final recommendation is to enhance the Workfare Income Supplement and update the Progressive Wage Credit Scheme to improve salaries and retirement adequacy of lower-wage senior workers, while offering employers greater support to raise wages sustainably.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">As lower-wage seniors face greater challenges in achieving income and retirement adequacy, the workgroup said it is important to ensure they can remain employed, productive and financially secure if they choose to continue working.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">More details on implementation of the workgroup\u2019s recommendations and grant parameters will be shared in the first half of 2027 during the Committee of Supply debates, where the Manpower Ministry will present its budget plans.<\/p>\n","protected":false},"excerpt":{"rendered":"SINGAPORE \u2013 The retirement age will be raised to 65 on Jan 1, 2029, and the re-employment 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