Reduce wages & benefits of re-employed workers?

young1234 SG

""Some employers offer staff who reach the statutory retirement age an opportunity to keep working on the same terms, but others cut wages and benefits."
---ST,PAGE A3, 9 July

Is it fair to cut the wages and compromise on the benefits of older workers who are working beyond 62 years old? The article says that public sector employees could face a 20% pay cut. Shouldn't we be paying them more for their wealth of experience?

Taroham SG

The idea here is cheaper, better, faster. Not slower, older, costlier. Unfortunately

charlize SG

Unless you are elite, then your talents and ability goes up with experience regardless of whether you are 60, 70 or 80.

If you are the common folk however, your talents and ability decline from the official retirement age of 62.

That is what they are telling you.

Loor SG

This is where the govt needs to come in.

If businesses don't want to support them, the the govt need to have some scheme in-place to encourage people to continue working.

Aging population, Labour crunch.....talk-no action for what?

young1234 SG

What I feel is that if the 62 years old is still as productive and contribute actively to the company, there is no reason that company should cut his/her wages.

Work so long for a company but just to be discriminated by age is just unfair. Unless a different work arrangement (e.g. less working hours or lessen the job responsibilities), then I think the pay cut could be justifiable.

charlize SG

We are all slaves to the system.

Haiz.

troublemaker2005 SG

cheaper - yes

faster - yes

better? - tan gugu arh!