Published in The Straits Times, 25 November 2010 by Elgin Toh
The retirement age in Singapore is 62 years. The Retirement Age Act of Singapore gives employers the flexibility to cut wages of workers who reach the age of 60 by up to 10%.
Seven unions in Singapore has successfully gotten their employers to stop this practice – meaning that employers in these companies will continue to recieve their normal salaries upon reaching age 60, provided they continue to perform in their current roles. The 34,400 employees who benefit are from seven unions.
Read the original article here.