For Subscribers
Getting the conditions right for older workers
The Government should raise CPF contribution rates for older workers, and it should also peg the retirement age to health-adjusted life expectancy
Singaporeans are not only living longer, they are increasingly working longer too. In the decade from 2007 to 2017, life expectancy for both men and women aged 65 in Singapore increased by 1.9 years to 84.1 and 87.5 years, respectively.
Over the same period, we estimate that the mean effective age of retirement for men and women rose by 3.1 and 3.6 years, respectively. On average, men are effectively remaining in the workforce until 66.1 years, with women retiring at 62.2 years.
Please subscribe or log in to continue reading the full article.
Get unlimited access to all stories at $0.99/month
- Latest headlines and exclusive stories
- In-depth analyses and award-winning multimedia content
- Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
*Terms and conditions apply.
Join ST's Telegram channel here and get the latest breaking news delivered to you.