Understanding Retirement Age in Singapore and Re-Employment Age Difference

Retirement age singapore

In his National Day Rally 2019, Prime Minister Lee Hsien Loong unveiled significant changes to Retirement Age Singapore and Re-Employment Age singapore, signaling a shift towards supporting the extended work aspirations of the nation’s aging workforce. This article explores the evolving landscape of retirement in Singapore, emphasizing the vital distinctions between Retirement Age and Re-Employment Age, shedding light on commonly misunderstood aspects.

Understanding Retirement Age in Singapore and Re-Employment Age Difference

As of 2022, Retirement Age Singapore stands at 64, set to incrementally rise to 65 by 2030. In parallel, the Re-Employment Age will climb from 68 to 70 by 2030. This strategic adjustment is rooted in the acknowledgment of Singaporeans enjoying longer, healthier lives and the desire to facilitate extended participation in the workforce for older individuals.

Retirement Age

The official Retirement Age Singapore is presently 64, slated for an increase to 65 by 2030. Employers are prohibited from mandating retirement before this age, safeguarding employees against age-related discrimination. Should termination occur for other reasons, employees can seek recourse through the Ministry Of Manpower (MOM).

Introduction of Retirement age

Retirement age singapore is a significant milestone that marks the end of a lifelong career and the beginning of a new chapter in one’s life. While this transition can be both exciting and challenging, careful planning and a positive mindset can pave the way for a fulfilling and enjoyable retirement. In this article, we will explore the various aspects of retirement age, from financial considerations to health and well-being, offering guidance on how to make the most of these golden years.

Financial Planning

One of the key aspects of preparing for retirement is financial planning. It’s crucial to assess your financial situation, including savings, investments, and any pension plans. Working with a financial advisor can help create a comprehensive retirement plan that ensures a comfortable and secure financial future. Consider factors such as budgeting, managing debts, and exploring potential sources of income to maintain your desired lifestyle during retirement.

Health and Well-being

Retirement age is an ideal time to prioritize health and well-being. Regular exercise, a balanced diet, and routine health check-ups are essential for maintaining physical and mental health. Engaging in activities you enjoy, such as hobbies, travel, or volunteering, can contribute to a sense of purpose and fulfillment. Additionally, nurturing social connections with friends and family can provide emotional support and contribute to a positive outlook on life.

Housing Considerations

As retirement approaches, many individuals contemplate whether to stay in their current home or downsize. Housing decisions should align with your lifestyle preferences, financial situation, and health needs. Some may choose to remain in their familiar surroundings, while others might opt for a smaller home, a retirement community, or even explore the option of relocating to a different area.

Continued Learning and Leisure

Retirement age doesn’t mean the end of personal and intellectual growth. Many retirees find joy and fulfillment in pursuing new interests or continuing education. Consider taking up courses, joining clubs, or participating in community activities to stay engaged and mentally stimulated. These pursuits not only provide a sense of accomplishment but also foster social connections with like-minded individuals.

Estate Planning

Planning for the distribution of assets and considering the legacy you want to leave behind is an essential aspect of retirement age. Consult with legal professionals to create or update your will, establish trusts, and make decisions about inheritance. Addressing these matters in advance can alleviate stress for both you and your loved ones.

Re-Employment Age

Workers reaching 63 can officially retire, but those wishing to continue working can pursue re-employment within their current organization. Employers must extend re-employment opportunities up to the age of 68, either within the current company or its subsidiaries, subject to worker consent.

Introduction of Re-employment age

In the dynamic landscape of today’s job market, individuals often find themselves facing the need for re-employment at various stages of their careers. The concept of re-employment age has gained prominence as people are living longer, healthier lives and seeking to extend their professional contributions. Whether due to career transitions, technological advancements, or personal choices, navigating the re-employment age requires strategic planning and adaptability.

Understanding the Re-Employment Age

The re-employment age refers to the period when individuals actively seek new employment opportunities after experiencing a change in their professional circumstances. This can arise from factors such as retirement, career shifts, or the need to re-enter the workforce after a hiatus. Recognizing the importance of staying engaged and fulfilled in one’s professional life, many individuals embrace the re-employment age as an opportunity for personal growth and continued contribution.

Retirement age singapore

Key Strategies for Success

Continuous Skill Development

In an era of rapid technological advancements, staying competitive in the job market requires a commitment to lifelong learning. Embrace online courses, workshops, and certifications to acquire new skills and stay relevant in your field. This not only enhances your marketability but also demonstrates to potential employers your dedication to staying current.

Networking and Building Relationships

Networking remains a powerful tool in securing re-employment opportunities. Attend industry events, join professional organizations, and leverage online platforms like LinkedIn to connect with peers, mentors, and potential employers. Establishing a robust professional network can open doors to job opportunities and valuable insights.

Crafting a Flexible Resume

Tailor your resume to highlight the skills and experiences most relevant to the positions you’re seeking. Emphasize transferable skills acquired throughout your career, showcasing adaptability and versatility. A well-crafted resume should tell a compelling story of your professional journey, emphasizing the value you bring to prospective employers.

Embracing Remote Work

The rise of remote work has expanded job opportunities beyond geographical constraints. Embrace the flexibility of remote work options, and be open to opportunities that may not be located in your immediate vicinity. This broadens the scope of potential positions and allows you to explore roles that align with your skills and interests.

Entrepreneurial Ventures

Consider entrepreneurial ventures or freelancing opportunities as a means of re-employment. The gig economy offers a range of possibilities for individuals seeking flexible work arrangements. Starting a small business or providing consulting services can be a fulfilling way to leverage your expertise and create your own professional path.

Stay Resilient and Positive

The re-employment journey may come with challenges and setbacks. It’s essential to maintain a positive mindset and cultivate resilience. Learn from rejections, adapt your approach, and stay focused on your goals. Seeking support from friends, family, or career counselors can provide valuable perspectives and encouragement.

Employment Contract

Notably, the terms of re-employment contracts may differ from existing arrangements. Adjustments in scope of work, roles, responsibilities, and salary are at the employer’s discretion, emphasizing the importance of clarity in contractual negotiations. Re-employment contracts should span at least one year, renewable annually until the age of 68.

singapore retirement age

Key Difference Between Retirement Age And Re-Employment Age

A crucial distinction lies in employers being barred from terminating workers before the Retirement Age (currently 63) without valid reasons. Post-63, re-employment options should be offered, allowing negotiation of scope and salary, assuming workers are medically fit to continue. Employers unable to provide re-employment must provide an Employment Assistance Payment (EAP) to affected workers.

Retirement age and re-employment age are two distinct concepts related to employment and are often governed by employment laws, company policies, or government regulations. Here’s an explanation of the differences between the two:

Retirement Age 

Retirement age is the age at which an individual typically exits the workforce and stops working on a full-time basis. It is the age at which an employee is eligible to retire and receive retirement benefits, such as pension or social security.

Purpose: Retirement age is set to allow individuals to transition from their active working years to a period of reduced or no work, providing them with the opportunity to enjoy their retirement years.

Re-Employment Age

 Re-employment age refers to the age at which an individual, after reaching the traditional retirement age, may choose or be allowed to return to work on either a full-time or part-time basis.

Purpose: Re-employment age acknowledges the changing nature of work and the desire of some individuals to continue working beyond the traditional retirement age. It may be driven by personal choice, financial considerations, or a desire to stay active and engaged.

Key Differences:

  • Nature of Employment: Retirement age singapore is associated with the end of a person’s full-time career, while re-employment age pertains to the possibility of returning to work after retirement.
  • Transition vs. Continued Employment: Retirement age singapore marks the transition from active employment to retirement, while re-employment age allows for the continuation of employment beyond the traditional retirement age.
  • Financial Implications: Retirement age is often linked to the eligibility for retirement benefits, while re-employment age may or may not have the same financial implications.

It’s important to note that retirement age singapore and re-employment policies can vary widely across different countries, industries, and organizations. Some companies encourage re-employment and offer flexible arrangements for retirees, while others may have strict retirement age policies without provisions for re-employment. Legal and institutional frameworks play a significant role in shaping these policies.


Dispelling a prevalent misconception, both Retirement age singapore and Re-Employment Ages are designed to protect workers’ interests rather than obligate extended employment. Workers retain the autonomy to retire earlier, underscoring the importance of informed decisions aligned with personal preferences and well-being.

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