Singapore's labour crunch: Solutions in policies, training and wage subsidies

Central Provident Fund contribution rates have also been raised over the years to help workers save more for retirement.
Central Provident Fund contribution rates have also been raised over the years to help workers save more for retirement.PHOTO: ST FILE

Recognising that having enough for retirement is a concern for Singaporeans, and that many need help coping with the changing nature of jobs, policies have been put in place to boost the employability of older workers.

Raising the re-employment age from 65 to 67 in 2017 is the latest legislative change.

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A version of this article appeared in the print edition of The Sunday Times on January 13, 2019, with the headline 'SOLUTIONS: Policies, training and wage subsidies'. Print Edition | Subscribe