(Oct 27): Singaporeans on the verge of retiring are prepared to keep working for longer than those that came before them.

Men aged 55 to 59 had far greater expectations to work full-time past 65 and 70 than employees currently are, while women had higher such projections beyond 62, 65, and 70, according to the latest survey by the Singapore Management University’s Centre for Research on the Economics of Ageing, which works with the U.S.-based RAND Corporation.

The findings could ease pressure on policy makers to financially support a rapidly-ageing population that’s living longer. Other countries have grappled with political pressures to keep retirement ages unchanged, leaving a steady flow of people taking up benefits as they kick in. Singapore’s retirement age, however, has rapidly increased to 67 years and made residents more adaptive to working longer, according to RAND.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories


    Stay updated with Singapore corporate news stories for FREE

    Follow our Telegram | Facebook