More specifically several MP's felt that the current age for retirement was too young and Singaporeans should be able to work for longer if they wished to do so and for better economic stability.
, along with the welfare of workers, with many MPs urging for greater support for the country’s workers.TODAY reports
He also said, “Our older workers, with their years of industry experience, are well-placed to leverage technological tools to maximise their productivity potential.” This scheme, which at present is renewed every 2-3 years, helps companies employ older workers who have been unemployed for prolonged periods.
According to Non-Constituency MP Daniel Goh, older employees “should not be forcibly retired when they still have so much to contribute in meaningful ways.” He also asked for the re-employment age to be raised to 70, and for the retirement age to be removed completely, which for him does not mean that Singaporeans will “work till they die”.
He pointed to the mismatch between the supply of and demand for manpower, and said, “It is not just a technical problem. There are profound social and financial consequences for the individual, the family, the economy and the country if a large and growing pool of middle-aged Singaporeans forms and is unable to earn for their immediate upkeep and retirement needs. It will fuel inequality and erode social cohesion.
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