The government, the union and the employers are unanimous. They agreed that changes needed to be done on Singapore’s retirement age and re-employment age.

Manpower Minister Josephine Teo asked the Tripartite Workgroup on Older Workers to look into whether we need to change the retirement age of 62 and re-employment age of 67 and if they should be made when should they be made.

Singaporeans living longer. Josephine Teo’s data shows that on in two Singaporeans aged 65 today is expected to live beyond 85, and one in three will live beyond 90.

Longevity and demand for greater quality of retirement would mean that workers need to save longer.

The time for proposal till final implementation will take some years.

Josephine Teo explained that in many other countries it is rather difficult to move on such issues due to “Deep distrust and division prevent people from focusing on the future.”