Singaporeans want to semi-retire at 57: Poll
Many are keen to work part-time to stay active, others need the income
Published on Sep 20, 2013 7:56 AM
Most people in Singapore dream of semi-retirement, according to a survey by HSBC.
But some semi-retirees have to keep working part-time for financial reasons, it found.
The bank's study on retirement, Life After Work?, found that 61 per cent of respondents working in Singapore plan on semi-retirement - if they have not already achieved this.
The study defines a semi-retired person as someone who works fewer hours but keeps up some paid work as retirement age approaches. Those who plan to semi-retire expect to do so at the age of 57, before retiring from all paid employment at 60.
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