Reposted from Redwire Times Singapore
Singaporeans will have their retirement age extended to beyond
65 years old, if Singapore Prime Minister Lee Hsien Loong has his
way. Prime Minister Lee said in his May Day rally speech that he
fully supports ongoing tripartite discussions to extend the
retirement age. Currently, the minimum retirement age in Singapore
is 62 years old.
Prime Minister Lee is either out of touch, or ill-advised. A
recent Randstad survey shows that 4 out of 10 Singaporeans want to
retire at the age of 55 years old. That’s close to half of our
workforce! That shouldn’t be surprising, considering that we clock
the longest working hours in the world – an average of 2400 hours a
year.
Rather, most Singaporean workers cannot afford to retire. Only
11 percent said they wanted to retire around the age of 65. Still,
More than 60 percent of believe they have to continue working till
past 60 years old. That shows that we know we have no choice in
order to make ends meet. As Deputy Prime Minister Tharman
Shanmugaratnam pointed out, less than 50 percent of Singaporeans
can meet the Minimum Sum in their CPF.
Still, Prime Minister Lee claimed that the union leaders he had
met recently claimed that older workers wanted to continue working
beyond 65 years of age. They said the older workers would prefer to
stick to their job, with the same wage. But Prime Minister Lee
replied that they should be prepared to do suitable jobs with
reasonable pay, in spite of help from the government. Prime
Minister Lee added that workers should constantly upgrade
themselves and learn new skills to fend off competition. Talk about
adding insult to injury!
like his father 90 year old? I have one old grandmother 101 year
old this year still alive kicking no need help. can cook good curry
and baw ka luck. one uncle almost 90 another grandmother 92 and one
more 95. and there are five in the 80s, 7 or 8 in the 70s, me 40s
heehee
