NTUC raises retirement and re-employment ages ahead of national schedule
- Josephine Tan
- Topics: Compensation and Benefits, Home Page - News, News, Singapore
The National Trades Union Congress (NTUC) has announced an increase in its retirement and re-employment ages to 64 and 69, respectively, effective 1 January 2025. This move comes 1.5 years ahead of the national schedule and reflects NTUC’s commitment to age-inclusive employment practices.
Currently, the retirement age in Singapore stands at 63, with a re-employment age of 68, benchmarks set in 2022. The government aims to raise these to 65 and 70 by 2030, with incremental steps along the way. Earlier this year, the Public Service Division declared plans to implement these increases for public sector employees from 1 July 2025.
NTUC’s early implementation of these changes marks the second time since 2019 that the organisation has exceeded national timelines. In 2021, it raised the retirement and re-employment ages for its employees to 63 and 68, also ahead of schedule.
“For employees approaching retirement, NTUC engages them early to discuss their re-employment and retirement plans, offering targeted training opportunities to help them remain relevant,” NTUC said in a statement.
Older employees are assured consistent employment benefits and salaries upon re-employment, unless mutually agreed changes to job scope and roles are made. NTUC also provides tailored learning opportunities, health screenings, retirement planning support, job redesign, and flexible work arrangements to ensure that older employees can continue contributing effectively.
READ MORE: Singapore’s hiring sentiments stable amid global uncertainty
The updated policy will benefit approximately 448 employees with the raised retirement age and another 270 employees with the extended re-employment age. NTUC’s workforce, including its businesses such as FairPrice Group, NTUC Health, and NTUC LearningHub, employs more than 2,350 employees above the statutory retirement age of 63, out of a total workforce exceeding 20,000, reported The Straits Times.
NTUC Secretary-General Ng Chee Meng emphasised the value older employees bring to the workforce. He said, “By raising the retirement age and re-employment age for our NTUC employees ahead of the national schedule, we are taking proactive steps to build a more inclusive workforce… Their wealth of experience, dedication and resilience are invaluable in driving our economy forward and shaping a stronger Singapore.”
