The first shifts of the Retirement Age to 63 and Re-Employment Age to 68 will take effect from 1 July 2022. Meanwhile, CPF members can look forward to simplified processes beginning Q1 of 2022.
As part of priorities for this year, Minister Teo shared that the raise in retirement age and re-employment age will proceed as planned in July 2022; while from 1 May 2021, DP holders will require a valid work pass to work in Singapore. Full updates here.
Deeper aid for the hiring of locals to support rebound, help for every segment of the workforce to emerge stronger from the pandemic, and further support for business transformations - these are the three overarching priorities of Singapore s Ministry of Manpower (MOM) in 2021,
Manpower Minister Josephine Teo has announced.
In her speech at MOM s Committee of Supply (COS) 2021 yesterday (3 March), Minister Teo noted that these three priorities will cover not just the short-term concerns, but also the medium- and longer-term concerns in the country. She said: Digitalisation, remote work, widening income gaps and an ageing workforce will continue to challenge us. We must aim to overcome the crisis and help every segment of
Published: 08 February 2021
Raising the Statutory Retirement and Re-employment Ages, as well as help for employers on the enhanced CPF contributions, were among the points raised by NTUC Deputy Secretary-General Heng Chee How, in his latest blog post.
In the post on Friday, he called for the planned raising of the Statutory Retirement and Re-employment Ages come July 2022, as well as with the agreed deferred improvements to the CPF contributions due in January 2022, to proceed without further delay.
Heng also urged the Government to help employers defray part of the cost of their enhanced CPF contributions, as was the plan prior to the deferment.