Singapore, April 8 (IANS) Singapore will raise the re-employment age of older workers from 65 to 67 with effect from July 1, 2017, Minister of State for Manpower Sam Tan said on Friday.
The current re-employment age is 65, which was outlined in 2012, reports Xinhua news agency. The change means that older employees up to the age of 67 should be given the option to continue working.
Tan said that older workers who meet the above criteria can also be re-employed with a different company if they agree to it.
In the meantime, the previous legal provision which allows the company to cut employees’ wages by up to 10 percent when they turn 60 will no longer be applicable.