Singapore, described in the source as Asia’s highest-income country, has announced that its official retirement age will rise from 64 to 65, while the re-employment age will increase from 69 to 70. The changes are set to take effect in January 2029, that is, one year earlier than originally planned.
In practical terms, employers will not be allowed to dismiss employees on grounds of age before they reach 65, and must offer re-employment options to eligible employees until they are 70 years old.
Data as of September show that 21.4% of Singapore’s population was aged 65 or above, exceeding the 21% threshold that the source attributes to the United Nations for defining a “super-aged society”. Labour-force participation also falls across older age groups, from 85.9% among those aged 50–54 to 68.4% among those aged 60–64 and 50.2% among those aged 65–69 years.
Alongside the age increases, the government has introduced five other measures, including wage subsidies for employers who hire older workers, greater assistance for lower-paid workers, and funding packages to help companies create jobs with flexible working hours. Article: រិទ្ធី
