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Various working Singaporeans aged 35 to 75 across diverse socio-economic backgrounds and ethnicities talk about their plans for retirement.
With millions of university graduates entering the labour force each year, many companies prefer younger, lower-paid employees
BRUSSELS (Reuters) - A national strike in Belgium kept all flights on the ground on Monday and caused some public transport disruptions as people demonstrated against the new government's austerity plans.
SINGAPORE (The Straits Times/ANN): Those who work for the National Trades Union Congress (NTUC) will get to stay on till 64 and, if eligible and willing, be re-employed till 69 come Jan 1, 2025.
PETALING JAYA: There are no plans to increase the retirement age for civil servants, says Dr Zaliha Mustafa.
THE Employees Provident Fund (EPF) was established in 1951 to help the Malaysian workforce retire sustainably.
The national population fell in 2023 for the second year in a row, with policymakers and experts warning of severe impacts on the economy, healthcare and social welfare systems if action is not taken.
Thailand plans to lift the retirement age for both the private and government sectors to 65, due to improvements in healthcare and medical technology, the Bangkok Post reported.
The Standing Committee of the 14th National People’s Congress, China’s top legislature, is holding its 11th session in Beijing from Tuesday to Friday, and deliberation on a delayed statutory retirement age is on the agenda.
Employees began processing the news that they would have to work at least three extra years.
BEIJING: China will raise the retirement age for the first time since 1978, a move likely to slow a decline in the labour force but anger workers already wrestling with a slowing economy.
More than 570,000 Singaporeans will receive S$400 to $1,000 in March as part of the Earn and Save Bonus.
Many older women are still working in the informal sector and do not have a financial safety net that would allow them to retire.
HONG KONG: China's top legislative body this week assessed an official plan to delay the country's retirement age, among the world's lowest, taking a key step towards changing decades-old labour laws and easing economic pressures stemming from a shrinking workforce.
The country will gradually raise its statutory retirement age, now among the world’s lowest, to allow people to work longer, as it struggles to relieve soaring pressure on pension budgets, with many provinces already facing deficits.
What many Malaysians save up with the Employees Provident Fund (EPF) is largely what will get them by post- retirement.
PETALING JAYA: The recent retirements of some high profile men’s doubles players is something Aaron Chia wants to exploit with Soh Wooi Yik – but he is well aware that their own advancing age and emerging talents will make it tough in the men’s doubles scene post Paris Olympics.
With increasing life expectancy, retirees today face the challenge of ensuring their savings last for decades.
