Singapore to raise retirement age to 65 and re-employment age to 70 in 2029

The Straits Times reports that Singapore will raise its retirement age from 64 to 65 and its re-employment age from 69 to 70 on January 1, 2029, a year ahead of the earlier target. The Business Times says the government accepted six recommendations from a senior-employment workgroup, including funding to help employers create “flexi-load” roles. These allow different workloads with corresponding changes in pay. The measures also include a new re-employment credit from 2028 and more support for lower-wage seniors.