Review of Retirement Age

Dr Intan Azura Mokhtar asked the Minister for Manpower whether there are plans to review the retirement age and push it up to 65 automatically without any disruption to salary or benefits in light of Singaporeans living longer.

Earlier this year, I announced the formation of the Tripartite Workgroup on Older Workers (TWG-OW). Among other things, the Workgroup will review the longer-term relevance of the retirement and re-employment age and consider the next steps that will best address the needs of our economy and society.

TWG-OW held its first meeting last month. It has started to gather views from different groups and will consider the matter holistically, taking into account the perspectives of workers, employers and other stakeholders. The Ministry of Manpower hopes to share the Workgroup's initial set of findings at the Committee of Supply debate next year.