NTUC to raise retirement age to 64 & re-employment age to 69 for its staff on Jan. 1, 2025

The National Trades Union Congress (NTUC) will raise the retirement age of its employees to 64 and re-employment age to 69 from Jan. 1, 2025.

This is one-and-a-half years ahead of the national schedule, as the government had said in 2019 the retirement age would be raised to 65 and the re-employment age to 70 by 2030.

Minister of Manpower Tan See Leng also announced that Singapore's retirement age will be raised to 64 in 2026 during the Committee of Supply debates in March 2024.

NTUC, NTUC Club and NTUC Enterprise employ some 2,356 employees beyond the statutory retirement age of 63, a press release stated.

The current retirement age for Singaporeans is 63 and the re-employment age 68. These regulations have been in place since 2022.

The move will benefit some 448 for the retirement age increase and 271 employees for the re-employment age increase, the release added.

“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," said NTUC secretary-general Ng Chee Meng.

Measures in place

NTUC also reaffirmed its commitment to supporting older employees before they reach their retirement age.

For example, they engage with employees reaching retirement early to discuss re-employment and retirement plans.

NTUC will also offer targeted training opportunities to help them remain relevant, they said.

Employment benefits and salary will also remain consistent upon re-employment unless there is a mutually agreed change in job scope and role, they added.

Employees will continue to receive tailored learning and development support.

They will also be able to access welfare benefits like health screenings and retirement planning.

"NTUC also offers job redesign and flexible work arrangements where needed, to better support older workers’ continued contributions," they said.

Top photo via NTUC/Facebook