As a follow up to our previous post on the Misconception Singaporeans have on the Re-Employment Age, we decided to go further and explain the difference between Singapore’s Retirement Age, Re-Employment Age and CPF Withdrawal Age.
Singapore Retirement Age
Singapore’s Retirement Age is set at 62.
This means that your employer cannot ask you to retire before you reach 62.
This does not mean that you can only retire at age 62.
YOU CAN RETIRE ANY TIME YOU WANT, you just have to say “I QUIT” to your boss.
Recommended Read: Genting Singapore: A Possible Rekindled Flame?
Singapore Re-Employment Age
Singapore’s Re-Employment Age is currently set at 65, and will be raised to 67 in July 2017.
Once you reach the retirement age (62), your employer is required to continue to employ you if you wish to and am healthy to continue working.
It ensures that if you are …