Why do I feel that MIW is happy with this result?

[BuiKia]

I think it is a sad thing that people above 62 still have to work. It either mean our living standard is too high or the salary is too low so they have no savings for retirement.

Nine out of 10 Singaporeans over the age of 62 remain employed, and earn the same wages.

This is what Minister for Manpower Mr Tharman Shanmugaratnam reported during Parliament on Monday.

In a survey of 11,500 local employees, nearly two-thirds of them had carried on working on their existing employment terms (also known as 'sail-through cases'), while about 30 per cent were re-employed under a new contract.

Of this latter group, 96 per cent or almost all had no change in their job scope.

For all employees who continued working in the same job beyond 62, including both sail-through cases or those re-employed on a term contract, 95 per cent or almost all were paid at least the same wages.

Mr Shanmugaratnam said: "The high proportion of workers who continued to be employed beyond the age of 62 last year in the same job, and paid at least the same wages, is likely to be the result of the tight labour market conditions and the success of tripartite efforts to promote re-employment."

He added that with the Retirement and Re-employment Act coming into effect in January this year, employers are now legally obliged to offer re-employment to all local employees who have satisfactory performance and are medically fit.

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[tonychat]

I think it is a sad thing that people above 62 still have to work. It either mean our living standard is too high or the salary is too low so they have no savings for retirement.

It means sinkies are ball-less and stupid and they bring it upon themselves. Sinkies deserve every shit they get.

 

[erection2015]

poor sinkies.... meaning poor tonychat too

It means sinkies are ball-less and stupid and they bring it upon themselves. Sinkies deserve every shit they get.

 

[Troll]

I think it is a sad thing that people above 62 still have to work. It either mean our living standard is too high or the salary is too low so they have no savings for retirement.

I rather remain productively employed and not be a burden to anyone.

 

[TNP(Tua Neh Pau)]

If work for fun after 62 then okay but if it is for daily living then very sad thing.