Singapore will raise the retirement age and re-employment age to 65 and 70 respectively by 2030, alongside increases in the Central Provident Fund (CPF) contribution rates for older workers. This, announced by Prime Minister Lee Hsien Loong on Sunday, comes after the Government accepted "in full" the recommendations put forward by a tripartite work group studying the country’s ageing workforce.The Singapore government is aware of the cost pressures businesses will face as a result and to that end, will work closely with the Singapore National Employers Federation and unions to help businesses adjust to the changes. But what about for employees, ie the rest of us working stiffs? What does this mean for career planning whether you’re 22, 42 or 62? Adrian Choo is CEO and founder of Career Agility International and our regular career coach joins us.

<p>Singapore will raise the retirement age and re-employment age to 65 and 70 respectively by 2030, alongside increases in the Central Provident Fund (CPF) contribution rates for older workers.&nbsp;This, announced by Prime Minister Lee Hsien Loong on Sunday, comes after the Government accepted "in full" the recommendations put forward by a tripartite work group studying the country&rsquo;s ageing workforce.The Singapore government is aware of the cost pressures businesses will face as a result and to that end, will work closely with the Singapore National Employers Federation and unions to help businesses adjust to the changes. But what about for employees, ie the rest of us working stiffs?&nbsp;What does this mean for career planning whether you&rsquo;re 22, 42 or 62? Adrian Choo is CEO and founder of Career Agility International and our regular career coach joins us.</p>

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