| PAP Nee Soon
  • Latest
    • Events
    • Lifestyle
    • Commentary
  • Volunteer
    • GE2020
      • Manifesto 2020
      • Emerging Stronger Together
      • A Brighter Future Together
      • Better Nee Soon
      • More Exciting Plans for Nee Soon
      • Map of improvements
      • Healthcare Hub of the North
      • Caring, Sustainable Town
      • No One Left Behind
      • Home With a Heart
    • Connect
      • Shanmugam’s Story: Keeping Our Homes Safe
      • Faishal’s story: Believe in People
      • Louis’ story:  Every Kid Deserves a Childhood
      • Derrick’s story: Putting Heartlanders First
      • Carrie’s Story: A Volunteering Trip that Changed Her Life
      • PAP Nee Soon Facebook Page
    • Contact
    | PAP Nee Soon
    • Latest
    • Volunteer
    • GE2020
    • Connect
    • Contact
    • Latest
      • Events
      • Lifestyle
      • Commentary
    • Volunteer
    • GE2020
      • Manifesto 2020
      • Emerging Stronger Together
      • A Brighter Future Together
      • Better Nee Soon
      • More Exciting Plans for Nee Soon
      • Map of improvements
      • Healthcare Hub of the North
      • Caring, Sustainable Town
      • No One Left Behind
      • Home With a Heart
    • Connect
      • Shanmugam’s Story: Keeping Our Homes Safe
      • Faishal’s story: Believe in People
      • Louis’ story:  Every Kid Deserves a Childhood
      • Derrick’s story: Putting Heartlanders First
      • Carrie’s Story: A Volunteering Trip that Changed Her Life
      • PAP Nee Soon Facebook Page
    • Contact

    Latest > Commentary

    How about those who work because they have to?

    Speech by Mr. Louis Ng Kok Kwang, MP for Nee Soon GRC at the Second Reading of the Retirement and Re-employment (Amendment) Bill [Bill No. 36/2016]

    Introduction

    Madam, this Bill represents significant changes to our re-employment landscape. Reiterating Minister of State for Manpower Mr. Sam Tan during the COS debates last year, this is a necessary move which shows that Singapore is not just accepting, but embracing our older workforce.

    Helping the elderly who work beyond age 65 because they want to

    Raising the re-employment age from the cap of 65 to 67 brings benefits both to our economy and to our workforce. The retention of manpower will inject vitality into our tight labour market.

    At the same time, we are helping older Singaporeans to remain employable. My personal interactions with residents at Nee Soon, which has a sizeable population of seniors, tell me that many still want to work because of a desire to be financially independent. Many are already working well beyond the age of 65.

    By raising the re-employment age, we will shine a light on the value that older workers can bring to the workplace, fostering a mindset shift that ageing is not a burden, but an opportunity.

    Madam, I also applaud the government’s move to support companies to re-employ older workers. This Bill provides further flexibility for companies, while offering greater options for older workers.

    But how about those who work because they have to?

    However, as we recognise this group of seniors who work only because they want to, we must not forget the population of seniors who work because they have to.

    For many of the seniors, the reality is that they don’t have enough savings to retire. I have met some who continue to work despite physical illness and severe fatigue.

    Even for those with children, for some, financial contributions from their children are insufficient for their basic survival and I have encountered a few residents at Nee Soon East whose children only provide for them because the law mandates so (through the Parents Maintenance Act).

    The rising costs of living may also mean that many have no choice but to work beyond the age of 65, sometimes into their 70s and even 80s.

    This would be a very sad reflection of Singapore, if we are a society that cannot even offer rest and repose to our people during their final days.

    With this in mind, has the Ministry conducted any studies to reveal statistics on how many of our seniors beyond 65 are working because they want to, or because they have to and the reasons they have to work beyond 65?

    There are distinct differences between these two groups and a better understanding of this landscape can help create better policies.

    13645242_1415234065170399_8651256376458718912_n
    Louis Ng experiencing work with cardboard collector Lim Siew Huay. Watch the video at: https://www.facebook.com/LouisNgKokKwang/videos/1420808051279667/

    Are we increasing the payout eligibility age
    Lastly, the main question I have been asked about this Bill is whether we will also be increasing the CPF Retirement Account payout eligibility age, which is currently at age 65 to 67. Can the Minister comment on this please.

    Conclusion

    Madam, the above comments notwithstanding, I stand in support of the Bill.

    READ MORE Commentary , Latest


      Deprecated: Function WP_Query was called with an argument that is deprecated since version 3.1.0! caller_get_posts is deprecated. Use ignore_sticky_posts instead. in /home/papneeso/public_html/wp-includes/functions.php on line 5663
    • On reducing administrative workload of teachers
    • On rent control measures on coffee shop stalls in HDB estates
    • Louis Ng on Stamp Duties (Amendment) Bill
    • Louis Ng on Endangered Species (Import and Export)(Amendment Bill)
    • Contact
    • Privacy Policy
    COPYRIGHT © PEOPLE'S ACTION PARTY. ALL RIGHTS RESERVED Published by People's Action Party Chong Pang branch, at the direction of K Shanmugam
    • Contact
    • Privacy Policy
    COPYRIGHT © PEOPLE'S ACTION PARTY. ALL RIGHTS RESERVED Published by People's Action Party Chong Pang branch, at the direction of K Shanmugam
    ?>