[Sent by MOM – 3 Nov]
Retirement & Re-Employment Amendment Bill 2021
The Bill establishes the maximum possible statutory
retirement and re-employment ages at 65 and 70 respectively.
- Follows recommendations by the Tripartite Workgroup on Older Workers in 2019
To better support our seniors who are able and wish to continue working to do so, and boost their retirement adequacy
From 1 Jan 2022, CPF contribution rates raised by up to 2% for workers above 55 to 70 years old
From 1 Jul 2022, the retirement and re-employment ages will be raised to 63 and 68, respectively.
For more information, visit go.gov.sg/seniorworkers-support
