The minimum retirement age is 63 years.
In accordance with the Retirement and Re-employment Act (RRA), from 1 July 2022, the minimum retirement age is 63 years. Your company cannot ask you to retire before that age.
You have this protection if you:
- Are a Singapore citizen or Singapore permanent resident.
- Joined your employer before you turned 55.
Employees who turn 63 can continue to be employed in the organisation if they meet the eligibility criteria of re-employment.
The retirement age will be raised to 64 years from 1 July 2026. It will be applicable to those born on or after 1 July 1963.
When do I retire
You will retire on the day you reach the minimum retirement age.
If you turn 63 on 1 August 2022, your retirement date will be 1 August 2022.
Senior Employment Credit to employment of senior workers
Through the Senior Employment Credit (SEC), employers who employs workers aged 55 and above will receive an offset of up to 7% of an employee’s monthly wages.
To find out more, visit the SEC website.
Wrongful dismissal
If you feel you have been wrongfully dismissed because of your age, you can appeal in writing to the Minister for Manpower within 1 month of dismissal.