Many older people in Singapore would like to work longer, according to findings from two separate surveys by the Centre for Seniors (CFS) on Wed (21 Aug). One survey found that around a quarter out of 400 surveyed expressed a wish to continue working in their current jobs, while another survey found that more than half of those surveyed said …Read More »
70 per cent of elderly Singaporeans still unable to meet monthly household expenses: Joint survey between Duke-NUS and MOH
A stark majority of elderly Singaporeans aged 60 and older are still unable to meet their monthly expenses, according to findings from a survey of over 4,500 Singaporeans and permanent residents carried out by the Duke-NUS Medical School’s Centre for Ageing Research and Education and the Ministry of Health. The Straits Times reported that only around 30 per cent of …Read More »
In order to cope with rising living costs, an increasing number of elderly Singaporeans have resorted to making a return to the workforce at an age when many would like to retire comfortably. Reuters reported on Monday (4 Feb) that “the employment rate for people over 65 have jumped over 15 percent in the past decade. Some of them say …Read More »
Singaporean ethnic minorities getting the short end of the stick due to raised age limit for CPF withdrawal eligibility?
Just last month, a TOC reader revealed that the Central Provident Fund (CPF) had written to him, reminding him to “either apply for a monthly retirement payout at 65 years old, or delay it to 70 years old for a better payout sum”. Mr Zol added that while he was not surprised by the letter “as it had been reported in the …Read More »
A CPF member who would be turning 65 in May this year, recently received a mail from the CPF Board. It informed him that he would be eligible to receive S$250 per month for about the next 8 years when he hit 65. It also enticed him saying that he can get higher payouts if he delays the start of …Read More »