Debate on President’s speech: Vikram Nair on global, domestic and job security

Stronger labour laws change the relationship and negotiating positions between employers and employees, said MP Vikram Nair. Speaking in parliament on Friday (Sep 26), he cited legislated redundancy or retirement benefits as one way to “gently incentivise” longer-term relationships between employers and employees by tying financial incentives to long-term employment. If retirement benefits are legislated, every employee is assured of a good payout on reaching the retirement age and the “cliff effect” will not be there. Mr Nair also highlighted the issues and concerns on global and domestic security that the government should pay attention to.