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Singapore to Raise Retirement Age Amid Workforce Challenges

Images Of The Aging Population As Singapore Recruits Older Workers To Stay

Photographer: Nicky Loh/Bloomberg

Updated on

Singapore is planning to begin raising its retirement age next year as the city-state seeks to address the manpower challenges of an aging population.

The retirement age will be raised to 63 from 62 from July 1, Minister of Manpower Tan See Leng said in parliament Monday at the start of a debate on a bill implementing the changes. Employers will also be required to offer to re-employ workers as old as 68 in the same organization, up from 67.