0110 Written Answer by Minister for Manpower Dr Tan See Leng on Breakdown of Re-employed Employees Upon Reaching Statutory Retirement Age
NOTICE PAPER NO. 817 OF 2021 FOR THE SITTING ON OR AFTER 5 NOVEMBER
QUESTION NO. 2147 FOR ORAL ANSWER
MP: Mr Abdul Samad
To ask the Minister for Manpower with regard to eligible workers who were not offered re-employment after reaching the statutory minimum retirement age in the past five years (a) what is the breakdown of the sector or industry that the workers were in; and (b) what is the profile of these workers, such as their position as professionals, managers and executives as against a rank and file worker.
NOTICE PAPER NO. 825 OF 2021 FOR THE SITTING ON OR AFTER 5 NOVEMBER
QUESTION NO. 2148 FOR ORAL ANSWER
MP: Mr Abdul Samad
To ask the Minister for Manpower (a) with regard to workers who turned 62 years old, what is the proportion of these workers who have been offered re-employment for each year in the past five years; (b) of these workers who had accepted re-employment, whether there was any reduction in their salary or benefits and, if so, what is the average reduction in their salary or benefit; and (c) how many instances are there where the contract of the re-employed workers have been terminated mid-way.
Answer:
1. Each year, over 90% of eligible resident employees1 who wished to continue working were offered re-employment at age 62. Of those who accepted re-employment, nearly all continued on the same job, either on their existing contracts without a specific end date, or a shorter renewable contract. The rest were re-employed on a different job. Amongst those re-employed in the same job,
more than 95% did not experience any cuts to basic wage and benefits. The 5% who experienced wage cuts saw a median decrease of about 10%.
2. The incidence of non-offer was highest in Financial & Insurance Services, Information & Communications, and Manufacturing. Where re-employment is not offered, employers are required to pay an Employment Assistance Payment to help the workers tide over while they find new employment.