Singapore retirement age

Singapore's Retirement Age to Increase: What You Need to Know

Big changes in Singapore's retirement age! Find out more about the upcoming increase to 64 and re-employment age to 69 in 2026.

In a move towards longer working lives, Singapore is set to raise its retirement age to 64 in 2026. This adjustment is part of a gradual process to eventually reach a retirement age of 65 and re-employment age of 70 by 2030. Employees will no longer face mandatory retirement at 63, with the re-employment age rising from 68 to 69 as well. The Ministry of Manpower's efforts aim to support Singaporeans in extending their working careers.

The decision to increase the retirement age aligns with global trends of older populations and a need for sustainable workforce management. With the rising life expectancy in Singapore, the government recognizes the importance of accommodating longer work years to ensure financial security and productivity among seniors. This shift also reflects the changing dynamics of the labor market and the need for skilled workers in various industries.

In 2026, employees can anticipate more flexibility in their retirement planning and career timeline. By delaying retirement, individuals can continue contributing to the economy and benefit from extended employment opportunities. Employers will need to adapt to the aging workforce by implementing age-friendly practices and policies to retain experienced talent and foster a diverse workplace environment.

As Singapore progresses towards its goal of a retirement age of 65 and re-employment age of 70 by 2030, the workforce landscape will undergo significant transformations. These changes signify a societal shift towards embracing longer working lives and ensuring the well-being of older workers. With proactive measures and support systems in place, Singapore is paving the way for a sustainable and inclusive workforce for the future.