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.
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.