[Tee tiong huat]

Several workforce rules in Singapore will take effect in 2026, including: Retirement age
Retirement age will increase from 63 to 64 years, will apply to those born on or after July 1, 1963.

Re-employment age
The re-employment age will increase from 68 to 69 years, and will apply to those born on or after July 1, 1958.

Foreign workforce policies
Dependency Ratio Ceiling (DRC) will decrease from 77.8% >75%. Will be 1 local employee=every 3-Work Permit Holders (WPHs) 

Levy for WPHs will also increase $400 to >$500 for "Basic Skilled" 

R2 WPHs, $300 to $350 for "Higher Skilled" R1 WPHs.

Employment Pass (EP) qualifying salary
The qualifying salary for new EP applications will increase to at least $5,600, at least $6,200 for the financial services sector. This'll apply to renewal of EPs that are expiring from January 1, 2026.

These changes are part of a strategy to adjust S'pore's retirement & re-employment framework to support the country's aging population.

Levy for WPHs will increase from $400 >$500 for "Basic Skilled...