Tan See Leng on Retirement and Re-employment (Amendment) Bill

Giving seniors the flexibility to work longer, if they wish to - the statutory retirement and re-employment ages in Singapore will be progressively raised to 65 and 70 respectively, said Manpower Minister Tan See Leng in Parliament on Monday (Nov 1). He confirmed that the process will start with raising the ages to 63 and 68 respectively from July 2022. Central Provident Fund (CPF) contribution rates for older workers will also rise from January 2022. Employees aged 55 to 70 will see an increase in total CPF contribution rates of up to two percentage points.