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Lim Boon Heng:
Singaporeans need to work longer as their life span increases
October 28th, 2010 | Author: Editorial
Lim Boon Heng
Singapore may need to raise its retirement age to 68, according to
Minister in the Prime Minister’s Office Lim Boon Heng
“Singaporeans need to work longer as their life span increases “,
said Mr Lim, who is in Finland accompanying President S R Nathan on his state visit.
“That is because they need to accumulate more for their old age.”
Mr Lim who is also the minister in charge of issues on ageing in Singapore,
cited Finland as an example, and will use this trip as an opportunity to study
how the Finnish are dealing with their ageing population.
He added that here are areas that Singapore can emulate, one of which is to
mobilize the elderly to organize themselves and form retirement communities
that can provide mutual support and friendship.
“We are raising the retirement age, through the process of re-employment
from the current 62 to 65 in January 2012. Beyond that we would have to
examine how we can further raise the retirement age. In Finland, they have
raised it to 68, so it gives us an indication about where we should be heading.
Because the Finns are not living longer than us, we have a life expectancy
of about 80, I think the finns are little less than us,” said Mr Lim.
A law that will make it mandatory for employers to offer re-employment to
workers beyond the age of 62 will be in place by 2012.
With PAP’s dominance in Parliment and the passing of legislation being a
“walk in the park”, Singaporeans may see themselves working past the
age of 68 or die working, whichever comes first.
.
John
Singaporeans need to work longer as their life span increases
October 28th, 2010 | Author: Editorial
Lim Boon Heng
Singapore may need to raise its retirement age to 68, according to
Minister in the Prime Minister’s Office Lim Boon Heng
“Singaporeans need to work longer as their life span increases “,
said Mr Lim, who is in Finland accompanying President S R Nathan on his state visit.
“That is because they need to accumulate more for their old age.”
Mr Lim who is also the minister in charge of issues on ageing in Singapore,
cited Finland as an example, and will use this trip as an opportunity to study
how the Finnish are dealing with their ageing population.
He added that here are areas that Singapore can emulate, one of which is to
mobilize the elderly to organize themselves and form retirement communities
that can provide mutual support and friendship.
“We are raising the retirement age, through the process of re-employment
from the current 62 to 65 in January 2012. Beyond that we would have to
examine how we can further raise the retirement age. In Finland, they have
raised it to 68, so it gives us an indication about where we should be heading.
Because the Finns are not living longer than us, we have a life expectancy
of about 80, I think the finns are little less than us,” said Mr Lim.
A law that will make it mandatory for employers to offer re-employment to
workers beyond the age of 62 will be in place by 2012.
With PAP’s dominance in Parliment and the passing of legislation being a
“walk in the park”, Singaporeans may see themselves working past the
age of 68 or die working, whichever comes first.
.
John
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