Sunday, December 9, 2012

New retirement age effective July next year

So, are you happy or not happy about retiring at age 60 instead of age 55?

Retirement age from 55 to 60 for the private sector will be implemented from July 1 next year.

The Star reported:

THE long-awaited implementation date for workers in the private sector to retire at 60 instead of 55 has been announced.

The Minimum Retirement Age Act 2012 will come into effect from July 1, 2013, and even the most reluctant of employers can only have a six-month moratorium up to Dec 31 next year to fully come on board.

More: Get maximum advantage from Minimum Retirement Age Act


  1. 60 is still early to retire.

  2. I agree, especially for men. Who knows, perhaps it will be increased another few years.