Retirement and Re-employment (Amendment) Bill
- The Bill raises the re-employment age from 65 to 67, allows employers to transfer re-employment obligations to another employer with the employee's consent, and removes the option for employers to cut wages at age 60.
- Ministers and MPs generally support the Bill as a timely step to address ageing demographics and provide more job security for older workers, while acknowledging the need for tripartite collaboration to ensure effective implementation and address potential issues like ageism and contract insecurity.
- Concerns raised include the adequacy of safeguards for employees, the burden on businesses, the need for continuous skills upgrading, and the importance of linking retirement age policies to life expectancy and CPF payout ages to better support older workers.