Career & Education
When Should You Consider Working Past 62 in Singapore?
By Salary.sg - Your Salary in Singapore  •  November 11, 2014
In a Young NTUC survey, 70% of participants said they wanted the option to work past 62. If you know Singaporeans, that’s not a surprise – this country’s so workaholic, some of us play golf at night. So when the re-employment act kicked in, most of us signed the re-hiring contracts before our bosses even reached the “r” in “Are you staying?” But why are people working longer? It all depends: How does the Retirement and Re-employment (RRA) benefit workers? The new Retirement and Re-employment Act (RRA) was lobbied by the NTUC and implemented to allow Singaporeans the option of working past 62. The act was implemented because many senior employees still enjoy the challenge of steering projects, mentoring younger colleagues, or contributing to the economy. Prior to the RRA, this was not possible in some companies, which insisted on retiring their employees after 62. Under the RRA, employers ......
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By Salary.sg - Your Salary in Singapore
All about Income, Jobs, Career Options, Wealth and Investments in Singapore.
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