On its shift to , raise the retirement and re-employment time roof  , for the next day since 2019, NTUC said it , is” committed to supporting its older people before they reach the pension age and re-employment age”.
“NTUC engages employees who are about to retire early to talk about their re-employment and retirement plans, and provides precise training to keep them relevant.”
Older employees are also assured that their work benefits and pay will be the same when they reapply for work unless there is a change in career range and role that is socially agreed.
Re-employed people will continue to collect “individualized learning and development assistance,” as well as access to welfare benefits and pensions planning, according to the statement.
Where necessary, career makeover and flexible work plans will also be provided.
A” MORE Equitable WORKFORCE” Tower
NTUC secretary-general Ng Chee Meng said:” As a employment action, we commit to giving our older people access to important job options.
We are taking proactive steps to create a more diverse workforce by raising the retirement years and re-employment time for our NTUC people ahead of the federal deadline.
” We care for our older staff and doesn’t do without them – their wealth of experience, determination, and tenacity are important in driving our business forward and shaping a stronger Singapore”.
Mr. Lee Teck Yeow, 63, said the first lowering of the pension and re-employment era cap made him feel valued, according to older NTUC employees like him.
” It’s encouraging to know that I can continue to become a valuable member of my staff here,” said Mr. Lee, who is the channel executive at Kopitiam in Fairprice Hub.
The government first announced the organized pensions and re-employment ages in 2019, when employees may be asked to leave at the age of 62, and the first increase occurred in July 2022.