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Singaporeans welcome new retirement age of 65
By Shivali Nayak, Multimedia Journalist, RazorTV
Jan 15, 2011
Many Singaporeans rejoiced at the government's recent announcement of lifting the retirement age to 65. -- ST PHOTO
EVERYONE looks forward to retirement, but many Singaporeans still feel capable of working beyond the age of 62, so many rejoiced at the government's recent announcement of lifting the retirement age to 65.
Ramesh Prakash Sharma, 66, is so good at his job that when he turned 62, he was given a promotion instead of being asked to retire. His company Qioptiq, an optics manufacturing company, made him a Technical Mentor to show younger employees the ropes. He says: 'I love my job. Optic is in my blood.'
Under the new Retirement and Re-employment Act passed in Parliament on Tuesday, employees who turn 62 will now be given the option to work for another three years. The new re-employment law will be in place from January 2012 and will affect some 20,000 workers.
Another gainfully employed sexagenarian is Elizabeth Hendriks, a 63-year-old steward with Fairmont Singapore who has never missed a day of work in her 13 years with the organisation.
She says she is happy with her job as it keeps her active, and she has only taken 2 days of medical leave in the last 5 years.
Leon Bock, General Manager at The Family Movers, says that older workers bring a lot of value to the company. He says older workers are more experienced and loyal to the organisation, and also take fewer MCs.
By Shivali Nayak, Multimedia Journalist, RazorTV
Jan 15, 2011
Many Singaporeans rejoiced at the government's recent announcement of lifting the retirement age to 65. -- ST PHOTO
EVERYONE looks forward to retirement, but many Singaporeans still feel capable of working beyond the age of 62, so many rejoiced at the government's recent announcement of lifting the retirement age to 65.
Ramesh Prakash Sharma, 66, is so good at his job that when he turned 62, he was given a promotion instead of being asked to retire. His company Qioptiq, an optics manufacturing company, made him a Technical Mentor to show younger employees the ropes. He says: 'I love my job. Optic is in my blood.'
Under the new Retirement and Re-employment Act passed in Parliament on Tuesday, employees who turn 62 will now be given the option to work for another three years. The new re-employment law will be in place from January 2012 and will affect some 20,000 workers.
Another gainfully employed sexagenarian is Elizabeth Hendriks, a 63-year-old steward with Fairmont Singapore who has never missed a day of work in her 13 years with the organisation.
She says she is happy with her job as it keeps her active, and she has only taken 2 days of medical leave in the last 5 years.
Leon Bock, General Manager at The Family Movers, says that older workers bring a lot of value to the company. He says older workers are more experienced and loyal to the organisation, and also take fewer MCs.
