Singapore Age of Retirement Changed: To give its citizens greater security, the Singaporean government raised the retirement and reemployment ages. Because it gives the aging population financial stability, the retirement age plays a significant role in changes in the labor market. Please read the article below to learn more about the latest changes to the retirement age and their effects. Singapore’s retirement policies are undergoing significant changes in 2025, with adjustments to the official retirement age, re-employment age, and CPF contributions.
The official announcement regarding the modifications to Singapore’s retirement and reemployment age policies was made public by the government. The planning has begun since 2024, even though the changes will occur in 2026. The retirement age was raised to 64 by the Ministry of Manpower Committee of Supply on April 4, 2024, while the re-employment age was raised to 69. The current retirement age is 63, and the reemployment age is 68. In 2030, it is anticipated to rise even further. It is projected that the retirement age will be 65 and the reemployment age will be 70 in 2030.
By giving senior citizens more opportunities to participate in the workforce for longer, these changes will benefit the nation. Additionally, it will give senior citizens more security and assistance. They will be able to put in more hours and make enough money to live a decent life. One does not have to retire before they wish to, despite the low retirement age. Up until the legal reemployment age, employers are required to offer reemployment to senior citizens who qualify.
Singapore Age of Retirement Changed
| Policy | 2024 | 2025 Change | Impact |
|---|---|---|---|
| Retirement Age | 63 years | 64 years (+1 year) | Workers can stay longer in formal employment |
| Re-employment Age | 68 years | 69 years (+1 year) | Employers must offer re-employment up to 69 |
| CPF Contribution Rates (55-60) | 37% (employer + employee) | No change | Maintains current savings structure |
| CPF Contribution Rates (60-65) | 26% | 27% (+1%) | Higher savings for older workers |
| Senior Worker Support | SG$2,000 Workfare | Enhanced bonuses | More incentives for hiring seniors |
Eligibility
This update is not available to everyone. The following are the requirements for eligibility.
The individual ought to be working.
The person must be a Singaporean citizen or a long-term resident.
The individual must not have a disability and be in good physical and mental health.
The individual seeking a new job must be qualified for it.
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Retirement Policy Changes in 2025
1. New Retirement Age: 64 Years (Up from 63)
Starting July 1, 2025, the legal retirement age in Singapore will increase to 64 years. This means:
- Employers cannot force retirement before 64.
- Workers can choose to retire earlier, but lose some CPF benefits.
- Exceptions: Certain physically demanding jobs may have different rules.
Why the Change?
- Aging population: More seniors are working beyond 60.
- Economic sustainability: Keeps experienced workers in the workforce longer.
- Alignment with global trends: Similar to Japan (65) and Australia (67).
2. Re-employment Age Raised to 69 (Up from 68)
The re-employment age (the maximum age employers must offer work) will rise to 69 in 2025. Key points:
- Employers must offer eligible workers re-employment if they are medically fit.
- Flexible arrangements (e.g., part-time, contract roles) are allowed.
- No salary cuts purely due to age (anti-discrimination laws apply).
Case Study: A 64-year-old admin executive can now work until 69 if both employer and employee agree.
3. CPF Contribution Rate Adjustments
To support retirement savings, CPF contribution rates will increase for older workers:
| Age Group | 2024 Rate | 2025 Rate | Change |
|---|---|---|---|
| 55-60 | 37% | 37% | No change |
| 60-65 | 26% | 27% | +1% |
| 65-70 | 16.5% | 16.5% | No change |
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4. Enhanced Workfare & Senior Employment Support
The government is introducing:
- Higher Workfare Income Supplement (WIS) for low-wage seniors.
- Senior Employment Credit (SEC): Employers get up to SG$3,000/year for hiring workers above 60.
- Part-time Re-employment Grants: Encourages flexible work for seniors.
