Come 1 January 2025, NTUC will raise the retirement age (RA) and re-employment age (REA) across its workforce to 64 and 69 years, respectively – 1 1/2 years ahead of the national schedule.
The decision was announced by NTUC on 9 December 2024.
According to NTUC, the retirement age increase will benefit 448 of its employees while the re-employment age will benefit 271 employees.
NTUC, together with NTUC Club and NTUC Enterprise, employ some 2,356 employees beyond the statutory retirement age of 63.
Building a more inclusive workforce
The decision to raise the retirement age and re-employment age ahead of the national schedule shows the Labour Movement’s commitment to giving its older employees access to meaningful employment opportunities, NTUC Secretary-General Ng Chee Meng 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,” Mr Ng said.
Taking the lead, Mr Ng called on more employers to take action to support their older workers whose experience, dedication and resilience are invaluable in shaping and driving Singapore forward.
NTUC would be engaging employees approaching retirement to discuss their re-employment and retirement plans.
Where necessary, NTUC will offer targeted training opportunities to help these employees remain relevant.
NTUC also assured older workers that their employment benefits and salary will remain consistent upon re-employment unless there is a mutually agreed change in job scope and role.
Employees on re-employment contract will continue to receive tailored learning and development support, and access welfare benefits like health screenings and retirement planning.
