Do more to allow elderly to work and age in place
As Singapore's elderly population increases, doing away with the retirement age has found a champion in Mr David Ong (Jurong GRC).
This would allow employees to work beyond the current retirement age of 65 'without prejudice or employer discrimination' - except in jobs that demand exacting labour or involve public safety.
He said that interactions with residents have shown 'rising levels of concern about the ability to cope in retirement'.
He added that many expressed disappointment at having to either retire, or be re-employed at a lower level, take a pay cut, and suffer reductions in CPF employer contributions when they hit 65.
SAME CONTRIBUTION MERITS SAME PAY
'If older workers are giving the employer the same effort, time, talent and value as any of the younger staff, why should they be paid any less?'
Mr David Ong (Jurong GRC)