Silver workforce: Working past the age of retirement

The Government may want to consider increasing the earned income relief further to incentivise seniors to remain in the workforce as long as their health permits, says the writer.
The Government may want to consider increasing the earned income relief further to incentivise seniors to remain in the workforce as long as their health permits, says the writer.ST PHOTO: KUA CHEE SIONG

Higher earned income relief and a silver tax rebate may incentivise more to keep working

The recurring topic of Singapore's ageing population and its effects is now more real than ever as the Merdeka generation (born in the 1950s) now enters retirement age.

With improved healthcare over the past decades, members of this generation are generally more healthy and able-bodied at their current age compared with their predecessors. Thus, many at the age of retirement still find themselves fully able to carry on their employment beyond the age of 62.

TO READ THE FULL ARTICLE

Thank you for reading The Straits Times

You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.

What is Premium?

A version of this article appeared in the print edition of The Sunday Times on February 10, 2019, with the headline 'Silver workforce: Working past the age of retirement'. Print Edition | Subscribe