A statutory retirement age is still important as a safeguard against those employers who dismiss older employees due to their age, said Manpower Minister Tan See Leng on Tuesday (Nov 2), as Parliament voted to pass an amendment to the Retirement and Re-employment Age Act.
The Bill passed on Tuesday amends the Retirement and Re-employment Act so that the Minister for Manpower can prescribe a retirement age and re-employment age of up to 65 and 70 respectively.
This is in line with recommendations by the Tripartite Workgroup on Older Workers in 2019 that both the retirement age and re-employment age be raised by three years to 65 and 70 respectively by 2030.
Author(s): Chew Hui Min
Publication Date: 2 Nov 2021
Publication Site: Channel News Asia