To support Singapore’s senior workers to continue working if they wish to, the Ministry of Manpower is lifting the retirement and re-employment ages to 64 and 69, respectively in 2026.

This means from 2026, that companies must offer eligible employees re-employment up until the age of 69.

According to the Straits Times, the ceilings were last raised in 2022, after the Singaporean government said in 2019 that the retirement age would be increased to 65 and the re-employment age to 70 by the year 2030.

Minister of State for Manpower Gan Siow Huang said employers have mostly been compliant. “Over nine in 10 senior workers who were eligible and wished to continue working were offered re-employment in 2023.”

The government is also rolling out an SGD 8.2 billion (USD 6.11 billion) ‘Majulah Package’ to support all Singaporeans born in 1973 or earlier. The Majulah Package, first announced in 2023, is meant to boost seniors’ retirement and healthcare adequacy.

Beyond the Majulah Package, the Ministry said it will enhance existing schemes to provide greater assistance to those who need more support. This includes enhancements to the Silver Support Scheme (supports elderly Singaporeans) and the Matched Retirement Savings Scheme, as well as the next step of the increase in senior workers’ CPF (Central Provident Fund, or pension) contribution rates.

Earlier this month, the Ministry of Manpower announced that Singapore is implementing stricter rules for hiring foreign professional workers and raising the salary benchmark from next year.