Workers Reaching Re-employment Age Limit of 68 and Exiting Workforce in Next Three Years

Debated in Parliament on 18 Sep 2023.

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Mr Keith Chua asked the Minister for Manpower for the number of workers reaching the re-employment age limit of 68 and likely to exit the workforce over the next three years.
The Minister, Tan See Leng, responded that 73,000 resident employees will reach the statutory re-employment age of 68 in the next three years.
He noted that not all of these workers will exit the workforce upon turning 68, as employment rates for residents nearing or past re-employment age have risen.
The employment rate for residents aged 70 and above increased from 15.8% in 2017 to 21.1% in 2022.
This indicates a growing trend of older workers continuing employment beyond the re-employment age limit.

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Full Transcript

Keith Chua

Mr Keith Chua asked the Minister for Manpower in each of the next three years from 2023, what is the number of workers who will reach the re-employment age limit of 68 and are likely to exit the workforce.

Tan See Leng

Seventy-three thousand resident employees will reach the statutory re-employment age of 68 in the next three years. However, not all of them will exit the workforce upon turning 68. The employment rate of residents nearing or past the re-employment age has increased in recent years. In 2022, the employment rate of residents aged 70 and above was 21.1%, up from 15.8% in 2017.

Summary written by AI (learn more)

Mr Keith Chua asked the Minister for Manpower for the number of workers reaching the re-employment age limit of 68 and likely to exit the workforce over the next three years.
The Minister, Tan See Leng, responded that 73,000 resident employees will reach the statutory re-employment age of 68 in the next three years.
He noted that not all of these workers will exit the workforce upon turning 68, as employment rates for residents nearing or past re-employment age have risen.
The employment rate for residents aged 70 and above increased from 15.8% in 2017 to 21.1% in 2022.
This indicates a growing trend of older workers continuing employment beyond the re-employment age limit.

Questions identified by AI (learn more)

Workers Reaching Re-employment Age Limit of 68 and Exiting Workforce in Next Three Years | PAPERCUTS

Workers Reaching Re-employment Age Limit of 68 and Exiting Workforce in Next Three Years

Debated in Parliament on 18 Sep 2023.

Summary written by AI (learn more)

Mr Keith Chua asked the Minister for Manpower for the number of workers reaching the re-employment age limit of 68 and likely to exit the workforce over the next three years.
The Minister, Tan See Leng, responded that 73,000 resident employees will reach the statutory re-employment age of 68 in the next three years.
He noted that not all of these workers will exit the workforce upon turning 68, as employment rates for residents nearing or past re-employment age have risen.
The employment rate for residents aged 70 and above increased from 15.8% in 2017 to 21.1% in 2022.
This indicates a growing trend of older workers continuing employment beyond the re-employment age limit.

Questions identified by AI (learn more)

Full Transcript

Keith Chua

Tan See Leng

Summary written by AI (learn more)

Mr Keith Chua asked the Minister for Manpower for the number of workers reaching the re-employment age limit of 68 and likely to exit the workforce over the next three years.
The Minister, Tan See Leng, responded that 73,000 resident employees will reach the statutory re-employment age of 68 in the next three years.
He noted that not all of these workers will exit the workforce upon turning 68, as employment rates for residents nearing or past re-employment age have risen.
The employment rate for residents aged 70 and above increased from 15.8% in 2017 to 21.1% in 2022.
This indicates a growing trend of older workers continuing employment beyond the re-employment age limit.

Questions identified by AI (learn more)

Workers Reaching Re-employment Age Limit of 68 and Exiting Workforce in Next Three Years

Summary

Questions Identified

Full Transcript

Keith Chua

Tan See Leng

Summary

Questions Identified

Workers Reaching Re-employment Age Limit of 68 and Exiting Workforce in Next Three Years

Summary

Questions Identified

Full Transcript

Keith Chua

Tan See Leng

Summary

Questions Identified