Thesundaily.com, 8 Jan 2009
SINGAPORE: Singapore plans to compel firms to offer re-employment to staff when they reach retirement age and introduce an annuity to help it cope with a rapidly ageing population, Prime Minister Lee Hsien Loong said on Thursday.
"We are legislating not to further delay the retirement age, but to require employers to offer re-employment to workers at 62 for another three years until 65, though not necessarily in the same job or at the same pay," Lee said at a conference organised by AARP, a U.S. organisation that represents senior citizens.
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Related News:
Singapore to legislate on right to work until 65 - Reuters
Singapore to allow workers to work till 65 - The New Straits Times, 8 Jan 09
Elder Singaporeans asked to work longer - Xinhua, 8 Jan 09
