I hv seen with my own eyes those reach or almost reach 60,they will roll out retirement, n then I know that retrench package not taxed,but retirement package will be tax ,its a hefty 10 plus percent,its a joke, clowns are bluffing abt the retirement age, its telling retirement guys to make way for foreigners ,PRs, n our guys will take up cleaners,security guards ,n grab delivery or grab drivers but those with housing loans n big commitment will hv problem, n Don depend on pigeons holes whether it is hdb,condo,etc,to earn ,will be down to nothing but those that bought cheap hdb fully paid ,will hv a less stressful life if they take up low paying jobs,but medishield is the killing part when old ,sad but that wat 61% wants