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#1
17-01-2014, 09:20 AM
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Lim Boon Heng: Raise Sinkie retirement age to 70
An honorable member of the Coffee Shop Has Just Posted the Following:
Published on Jan 17, 2014 Raise retirement age to 70, says Boon Heng TWO labour stalwarts have called for the retirement age here to be raised, with one suggesting it should be upped to 70 years. Former NTUC secretary-general Lim Boon Heng, as well as veteran economist Lim Chong Yah, the former National Wages Council (NWC) chairman, yesterday made the suggestion at the launch of Prof Lim Chong Yah's book. Titled Singapore's National Wages Council - An Insider's View, the book documents the history of the NWC. Currently, Singapore's statutory minimum retirement age is 62, but employers have to offer re-employment to those eligible up to age 65. But those re-employed may suffer a pay cut and lose benefits and bonuses. Yesterday, Prof Lim - who is emeritus professor at the National University of Singapore and Nanyang Technological University (NTU) - suggested that the mandatory retirement age be upped to 65 years or more. This would help Singapore "cope with the shortage of local labour supply". But Mr Lim, the former labour chief, went further, suggesting 70 years. He noted that he has always pushed for a rise in the retirement age, adding: "And I am on record as saying that we should make it 70." http://mypaper.sg/top-stories/raise-...-heng-20140117 In Golden Period, work through your golden years. Click here to view the whole thread at www.sammyboy.com. 
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