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Singaporeans prefer to retire before the age of 55, survey finds

Published on Apr 4, 2014 2:51 PM
 
If given a choice, four in 10 Singaporeans will retire at the age of 55, a recent survey found. -- ST FILE PHOTO: ALPHONSUS CHERN

SINGAPORE - If given a choice, four in 10 Singaporeans will retire at the age of 55, a recent survey found.

But two in three are realistic, and know that they will have to work at least till the age of 60, based on the survey released on Friday by international recruitment firm Randstad.

Randstad said that firms can take steps to coax their staff to work longer. Top of the list is to give older workers a more relaxed work schedule. Other moves include cutting the number of work hours and creating a friendlier work place.

Randstad country director for Singapore Michael Smith said the workers' desire to retire early can worsen the labour crunch here.

 
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