Singapore to raise retirement, re-employment age in 2026 (Photo: AFP) Singapore (VNA) – Singaporean Minister forManpower Tan See Leng announced on March4 that the country’s retirement and re-employment age will be raised to 64 and69, respectively, on July 1, 2026.
Meanwhile, elaborating on the change during the debate on the Ministry of Manpower’s (MOM) budget, Minister of State forManpower Gan Siow Huang noted that over 9 in 10 senior workers who were eligibleand wished to continue working were offered re-employment in 2023.
She encouraged employers to plan early, whilealso considering adjusting workforce plans and upskilling workers to retainveteran employees.
Most recently, the retirement and re-employment ages were raised to 63 and 68, respectively, in July 2022. The change is part of an ongoing process thatwill see the country's retirement and re-employment ages reach 65 and 70, respectively, by 2030.
The move is part of recommendations made by theTripartite Workgroup on Older Workers that was formed in May 2018 to strengthensupport for older workers.
Accordingto official statistics, as of June 2023, nearly 20% of Singapore's citizens were 65 and above. Itstotal fertility rate dropped to 0.97 in2023, the first time it fell below one in the Southeast Asiancountry's history./.
