20-04-2024, 10:37 AM
(20-04-2024, 10:02 AM)EvertonDiehard Wrote: The raising of the official retirement age is merely lip service. The govt doesn't force employers to retain older staff.
I think Govt sector did implemented themselves.
But GLC and private sector remain to be seen,
because Govt raise above 55 employer CPF contribution.
Employer already face inflation these two years, will want look for something cheaper, less illness and can work longer.
Employer who invested a lot in AI, want to trim force to increase profit.
If assuming half PR pop increase are into labour. 10K Sporeans could have disappeared from unemployment data after
prolong job hunt fail.