Workers Reaching Current Retirement Age of 63 in Next Three Years

Mr Keith Chua asked the Minister for Manpower (a) what is the number of workers expected to reach the current retirement age of 63 in the next three years; and (b) for each of the next three years, what is the estimated number of such workers seeking re-employment.

Dr Tan See Leng: One hundred and three thousand resident employees will reach the statutory retirement age of 63 in the next three years. Employers are required to offer them re-employment if they have worked with their current employers for at least two years before turning 63. Among these, based on our surveys of workers reaching retirement age, about 98% have indicated that they wish to continue working and also meet the other eligibility criteria of being medically fit and having satisfactory work performance.