In accordance with the Retirement and Re-employment Act (RRA), the minimum retirement age is 62 years. Your company cannot ask you to retire before that age.
You have this protection if you:
- Are a Singapore citizen or Singapore permanent resident.
- Joined your employer before you turned 55.
Employees who turn 62 can continue to be employed in the organisation if they meet the eligibility criteria of re-employment.
When do I retire
You will retire on the day you turn 62 years.
If you turn 62 on 1 April 2016, your retirement date will be 1 April 2016.
Special Employment Credit to support re-employment
Through the Special Employment Credit (SEC), employers who voluntarily re-employ workers aged 65 and above will receive an additional offset of up to 3% of an employee’s monthly wages.
The SEC enhancement will help employers manage their overall costs and encourage them to voluntarily re-employ older workers aged 65 and above.
To find out more, visit the SEC website.
If you feel you have been wrongfully dismissed because of your age, you can appeal in writing to the Minister for Manpower within 1 month of dismissal.