, Singapore
576 views
/Alex Fotos from Unsplash

Elderly Singaporeans pushing for higher retirement age

The seniors also showed support for a re-employment age of 68 years old and higher.

About nine in 10 seniors (aged 50 years or older) said they are in full support of a higher retirement age of 63 years old and up, a survey showed.

The National Trades Union Congress (NTUC) and the People's Action Party's Seniors Group (PAPSG) collaborated to advance senior citizens' interests through a survey.

The survey also showed that around 80% of respondents are in favour of a re-employment age of 68 and higher.

Conducted from 7 to 21 August, the survey collected responses from 1,471 individuals, all aged 50 and above. The survey’s goal was to gain insights into seniors' workplace aspirations.

This workplace support survey was unveiled last 23 September, during an International Day of Older Persons (IDOP) event held at Amara Hotel.

Commissioned by PAPSG and NTUC U Women and Family (NTUC U WAF), the survey revealed a strong preference among seniors for raising both the retirement and re-employment age.

Despite the positive outlook on extended employment, the survey uncovered concerns related to negative employer attitudes. These concerns include age discrimination (63.4%), inflexible working arrangements or long working hours (59.6%), and limited availability of suitable job opportunities (52.6%).

ALSO READ: OCBC upskills 2,000 elderly customers with its Digital Silvers programme

The results also indicated that 61.5% of senior workers are interested in pursuing further career advancement opportunities, and 65.9% of participants consider the availability of flexible work arrangements as influential in their decision to continue working post-retirement.

PAPSG IDOP 2023 Organizing Chair Yip Hon Weng hopes the government will promote more flexible work opportunities for seniors, as many desire part-time work and the ability to alternate between work and leisure.

Corporate commitments to age-friendly workplaces

In response to the survey findings, 12 companies have reaffirmed their commitment to creating age-friendly workplace environments. 

These companies, including Chye Thiam Maintenance, Creative Eateries, First Sight International Private Limited, and Lifelong Learning Academy, collectively impact nearly 4,000 employees.

The companies have pledged to raise retirement and re-employment ages, implement flexible work strategies, and combat ageism in the workplace.

 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

SBR 5 Lorem Ipsum News 2 [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 4 Lorem Ipsum [8 May Top Stories]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Vibrant Group wins suit against Blackgold Australia
The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.
Lorem Ipsum text in year 2025
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Exclusives

Exclusive three SBR 12 Lorem Ipsum [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 3 Lorem Ipsum [ Exclusive 2]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 2 Lorem Ipsum [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Event News

Video [Event News]
Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley