The change affects 2,356 employees across NTUC, NTUC Club, and NTUC Enterprise.
The National Trades Union Congress (NTUC) will raise the retirement age (RA) to 64 and the re-employment age (REA) to 69 from 1 January 2025, ahead of the national schedule.
The move will affect approximately 2,356 employees across NTUC, NTUC Club, and NTUC Enterprise who are currently working beyond the statutory retirement age of 63. Of these, 448 employees will benefit from the RA increase, whilst 271 will see improvements to their REA.
NTUC Secretary-General Ng Chee Meng said this move shows the Labour Movement's commitment to providing older workers with more opportunities. "By raising the Retirement Age and Re-employment Age for our NTUC employees ahead of the national schedule, we are taking proactive steps to build a more inclusive workforce."
He further highlighted the invaluable contributions that older workers bring to the workforce, citing their experience, dedication, and resilience as essential in shaping Singapore's future.
Ng also urged other employers to follow NTUC's lead in supporting older workers. "I call on more employers to take action to support their older workers, too," he added.
NTUC has been actively supporting its older employees before they reach the RA and REA. For those nearing retirement, NTUC engages them early to discuss re-employment and retirement plans. Where necessary, targeted training opportunities are provided to help them stay relevant in the workforce.
It added that employees' salary and benefits will stay consistent upon re-employment unless changes to job scope are agreed upon. NTUC also provides job redesign and flexible work arrangements to support older workers.
NTUC is urging companies to form Company Training Committees (CTCs) with unions to boost productivity, redesign jobs, and adopt age-inclusive practices. Companies can also access CTC Grants to help offset transformation costs.
