The official retirement age in Singapore is 62, and the re-employment age, at 67. This means that your employers cannot ask you to retire before that 62 and re-employment must be offered should you wish to continue working up to the age of 67 within the company. Do note that re-employment is subjected to eligibility.
5 Key Takeaways – The Truth About Retirement Taking the average life expectancy of Singaporeans as a bench mark, most Singaporeans will live till the age of 82.9 years old. On average Singaporeans will have their good health until the age of 73. According to the norm, the average age of retirement in Singapore is 62, and CPF monthly payout comes in at age 65 years old. Most Singaporeans only start planning for retirement at 38 years old. The longer you wait to save up for retirement, the amount you need to save every month increases exponentially....