Retirement and Re-employment (Amendment) Bill

The Retirement and Re-employment (Amendment) Bill 2021 aims to amend the Retirement and Re-employment Act. It establishes a prescribed minimum retirement age of between 62 to 65 years and a prescribed re-employment age of between 67 to 70 years. The bill streams the definitions and stipulations surrounding these ages, including prohibiting dismissal based on age until the minimum retirement age is reached. It also preserves certain provisions from previous legislation regarding specified ages for employees under specific retirement benefit schemes. The bill is expected not to incur additional public expenditure.