Workers who want to work longer will have longer statutory protection with the raising of Singapore’s retirement¹ age from 63 to 64 on July 1, 2026.

The re-employment age will likewise go up, from 68 to 69.  Companies must offer eligible² staff re-employment until that age, though on adjusted terms if necessary, or offer employment assistance in its place.

Singapore, which will have one in four citizens aged 65 and above by 2030, has the third-highest employment rate for workers aged 65 to 69 among countries in the Organisation³ for Economic Cooperation and Development.

Workers in this age bracket are also joining the workforce⁴ in greater numbers, lifting the employment rate by 5 percentage points in the last five years to 48.3 per cent in 2023.

Two Bills expected to be passed in 2024 will deter⁵ discrimination based on traits such as age, race and disability, as well as protect platform workers.