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Enactment of Re-employment and Retirement Age Act

The Retirement and Re-employment Act is effective from 1 Jan 2012. The law will require employers to offer  re-employment to employees with satisfactory performance and who are medically fit, to continue working beyond the age of 62, till age 65. Re-employment provides flexibility and allows employers and employees to work out re-employment arrangements that take into consideration their respective needs.

 

For employers, re-employment allows them to tap on a pool of experienced employees to meet their manpower needs, while still maintaining cost competitiveness.

 

For employees, they can be re-employed on a different job and on different terms and conditions. This provides employees with the opportunity to work longer so that they can continue to contribute to their organisations, earn a regular income and build up their retirement adequacy.

 

For more information on re-employment, please visit the re-employment of older employees portal via this <link>.