POSTED 18 Feb 2019 - 11:33

Should the CPF contribution rates for older workers be raised?

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What else can be done for an aging workforce?
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Michael Gourlay, Chief Executive Officer, MSIG Insurance (Singapore) Pte Ltd

The ongoing conversation around active ageing requires a careful calibration of the dynamics of an ageing workforce, and the welfare of senior workers who may continue to work in their golden years.

With the average life expectancy of Singaporeans set to reach 85.4 years - the third...

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Michael Gourlay, Chief Executive Officer, MSIG Insurance (Singapore) Pte Ltd
18 Apr 2019 - 16:59

The ongoing conversation around active ageing requires a careful calibration of the dynamics of an ageing workforce, and the welfare of senior workers who may continue to work in their golden years.

With the average life expectancy of Singaporeans set to reach 85.4 years - the third highest in the world by 2040 - the current dialogue on raising CPF contributions would help to initiate a paradigm shift in employer mindsets and engender more policies that will encourage senior workers to stay on and contribute in this tight labour market.

We believe more financial support would empower senior workers to continue to lead an active, healthy and meaningful life.

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