SINGAPORE: The Singapore government announced that from July 1, 2026, the required retirement age will be raised from 63 to 64, and that the upper limit for re-employment will also change from 68 to 69.
As reported by Yan.sg, the government had already set a goal to gradually raise the retirement age to 65 and the re-employment age to 70 by the year 2030 prior to this. This current adjustment is just the second step, commencing after the 2022 adjustment, in which the retirement ages were from 62 to 63 and 67 to 68, respectively.
With this, the employment rate of older employees will continue to rise. According to data, after the re-employment age limit was raised to 68 in 2022, the employment rate of older employees increased significantly, and the employment rate of those directly affected by the postponement of the retirement age from 62 to 63 increased by 0.4%. Furthermore, the employment rate of people ages 65-69 reached 49.1%—0.7% higher than before the adjustment.
The government stated that this ‘gradual delay’ of adjustments is effective, and is being slowly accepted by the members of the public.
