Friday, November 22, 2019

Singapore to increased retirement age upto 65 years by 2022

Featured

Impeachment inquiry: Why Ukraine needs US military assistance

The American military assistance to Ukraine is at the center of the impeachment inquiry against Donald Trump. The Democrats...

Video: SpaceX Starship prototype explodes during test

The projects of SpaceX are undergoing considerable development and Elon Musk's company continues to conduct tests to evaluate progress....

Hong Kong: Students movement threatens the next escalation

Possibly it was due to the mediators that worse could be prevented in Hong Kong. The deputies, lawyers and...
Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

Singapore will increase the retirement age by three years to 65, the country’s Prime Minister said on Sunday.

The retirement age will be increased to 63 by 2022 from the current retirement age of 62 and to 65 by 2030, Prime Minister Lee Hsien Loong said.

Singapore has the longest life expectancy in the world depending on the elderly, if birth rates fall and foreign labor is limited.

“Most senior citizens do not want to stop working. We are healthy for the long term and live longer, but do not want to spend more time in retirement”.

“Many of us also want to increase our savings when we retire”, Loong said.

Read also: Progress Singapore Party launched to contest by-elections 2021

Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

Latest News

British Airways cancels some flights on technical glitches

British Airways has canceled some of its flights due to a technical problem. The technical problem has led to a...

Hill’s impeachment hearing: “Blending Ukraine is a Fictional Narrative”

Impeachment hearing: Fiona Hill, Russia's director of the National Security Council until August, said on Thursday that it was a "fictitious narrative" that Russian...

Israeli Prime Minister Benjamin Netanyahu charged with corruption

For months, Benjamin Netanyahu was expected to be charged: On Thursday night, Attorney General Avichai Mandelblit announced charges against the Israeli Prime Minister for...

Impeachment inquiry: Why Ukraine needs US military assistance

The American military assistance to Ukraine is at the center of the impeachment inquiry against Donald Trump. The Democrats accuse the president of having...

Italy: Five killed, 2 seriously injured in fireworks factory explosion in Sicily

Five people were killed and two seriously injured in an explosion at a fireworks factory in Sicily, Italy. According to the Italian emergency authorities -...
- Advertisement -

Related News