Budget 2018 debate

Retirement and re-employment rules through the years

In April 2016, the Manpower Ministry announced that the re-employment age would go up to 67 years from July 1, 2017.
In April 2016, the Manpower Ministry announced that the re-employment age would go up to 67 years from July 1, 2017.ST PHOTO: JAMIE KOH

July 1993

Retirement age law takes effect, disallowing companies to ask workers to retire before age 60. Previously, the unofficial retirement age was 55 years, coinciding with the age when people can withdraw their Central Provident Fund savings.

November 1995

Tripartite committee on extending the retirement age appointed to study how the retirement age can be raised progressively to 67 years.

January 1999

Retirement age raised to 62.

January 2011

Parliament passes the Retirement and Re-employment Act, which introduces rehiring of older workers beyond age 62, from 2012.

 

January 2012

Re-employment age starts, requiring employers to offer eligible workers re-employment up to age 65 or a one-off payment if no jobs are available. Companies still cannot ask workers to retire before age 62.

April 2016

Manpower Ministry announces that re-employment age will go up to 67 years from July 1, 2017.

July 2017

Re-employment age raised to 67.

A version of this article appeared in the print edition of The Straits Times on February 28, 2018, with the headline 'Retirement and re-employment rules through the years'. Print Edition | Subscribe