Singapore to raise retirement age with power transition approaching


SINGAPORE: Singapore extended support for older workers in the aging island nation, as the current leadership prepares to hand over to a new generation in coming years.

The retirement age will be gradually raised to 65 from 62, Prime Minister Lee Hsien Loong said Sunday in his annual National Day Rally speech. The re-employment age, where employers must offer work in the same organization, will rise to 70 from 67.

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