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Edward Chia on Retirement and Re-employment (Amendment) Bill and Central Provident Fund (Amendment) Bill

Speed up the changes of the age from which CPF contribution rates are “stepped down” from 55 to 60, in line with the raising of the retirement age. Accelerate the development of vocational transformation maps along with Industry Transformation Maps so that older workers can turn their vast experience into new contributions to jobs and the economy. These two suggestions were made by MP Edward Chia in Parliament on Tuesday (Nov 2). He said employees in their 40s to mid-60s should be the “bedrock” of Singapore’s economy as it competes higher up the value chain.

Edward Chia on Retirement and Re-employment (Amendment) Bill and Central Provident Fund (Amendment) Bill

02 Nov 2021 12:29pm

Speed up the changes of the age from which CPF contribution rates are “stepped down” from 55 to 60, in line with the raising of the retirement age. Accelerate the development of vocational transformation maps along with Industry Transformation Maps so that older workers can turn their vast experience into new contributions to jobs and the economy. These two suggestions were made by MP Edward Chia in Parliament on Tuesday (Nov 2). He said employees in their 40s to mid-60s should be the “bedrock” of Singapore’s economy as it competes higher up the value chain.

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