For the year 2020, the average life expectancy at birth for residents in Singapore was 83.9 years.

This number has grown steadily in the past decade, growing in tandem with Singapore’s increasing economic progress.

Source: Statista

I expect this number to keep increasing in the years ahead.

To plan for our ageing population, the Tripartite Workgroup on Older Workers submitted a report to the Ministry of Manpower (MOM) in 2019.

Having accepted the recommendations, MOM amended the Retirement and Re-Employment Act to raise the maximum retirement and re-employment age.

This will empower older Singaporeans who are capable and willing to work to continue doing so.

Here’s what you need to know about the upcoming changes to retirement and re-employment age in Singapore.

TL;DR: Retirement Age in Singapore Guide

  • The statutory retirement and re-employment age will be raised to 63 and 68 on 1 July 2022.