A different perspective

Posted by kidglove on October 1, 2007 · Leave a Comment

I read the Sunday Times newspaper on Singapore’s re-employment law while I was aboard SilkAir on 23rd September 2007 going to Singapore for an official trip. Singapore really takes good care of the elderly, to ensure that they have savings in their retirement years. For my one-week stay at Carlton Hotel, news focus more on workers’ welfare, on health issues and discussions about money – on Central Provident Fund (CPF) savings rather than politics.

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In my observations, most janitorial jobs, waitresses and ordinary workers in some hotels and restaurants are mostly elderly except those professionals. When I read the Straight Times the following day, there is a new law which will take effect on Jan 1, 2012 where employers are required to re-employ workers reaching the age of 62, to work up to age 65, and eventually up to age 67. I thought it was already the practice because some restaurants and hotels have older employees. Old workers have an existing maximum workfare income supplement (WIS) of S$100 per month. To encourage their workers to work longer, the maximum WIS will be increased to S$150 for workers aged above 55 to 60, and to S$200 for those above age 60.

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