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Firms want help with medical bill when retirement age goes up
Employer groups say smaller firms especially may struggle with the higher insurance costs
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Medical insurance costs are not the only concern - employers are also worried about the rigidity of a higher retirement age and the health and safety of older workers in some jobs.
ST PHOTO: JOSEPH CHUA
Bosses acknowledge that the retirement and re-employment ages need to rise, but they want help to meet the growing costs of medical insurance for their staff.
Employer groups told The Straits Times that while extending the working years of employees is to be expected as the population ages, smaller companies especially may struggle with the added expense.
