By 2030, you’ll be able to stay employed until you’re 65 years old. PM Lee announced that the statutory retirement age will go up to 63 in 2022, and eventually to 65 by 2030. Meanwhile, the re-employment age will also go up - from 67 now, to 68 in 2022, and eventually to 70 by 2030. The higher retirement age in 2022 will apply to those born on or after July 1st, 1960, and the higher re-employment age will apply to those born on or after July 1st, 1955. To discuss these changes, we’re joined by Heng Chee How - Deputy Secretary-General at NTUC and Song Seng Wun - an economist at CIMB Private Banking.

 

 

By 2030, you&rsquo;ll be able to stay employed until you&rsquo;re 65 years old. PM Lee announced that the statutory retirement age will go up to 63 in 2022, and eventually to 65 by 2030. Meanwhile, the re-employment age will also go up - from 67 now, to 68 in 2022, and eventually to 70 by 2030. The higher retirement age in 2022 will apply to those born on or after July 1st, 1960, and the higher re-employment age will apply to those born on or after July 1st, 1955.&nbsp;To discuss these changes, we&rsquo;re joined by Heng Chee How - Deputy Secretary-General at NTUC and Song Seng Wun - an economist at CIMB Private Banking.
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