Workers Reaching Re-employment Age Limit of 68 and Exiting Workforce in Next Three Years

82 Mr Keith Chua asked the Minister for Manpower in each of the next three years from 2023, what is the number of workers who will reach the re-employment age limit of 68 and are likely to exit the workforce.

Dr Tan See Leng: Seventy-three thousand resident employees will reach the statutory re-employment age of 68 in the next three years. However, not all of them will exit the workforce upon turning 68. The employment rate of residents nearing or past the re-employment age has increased in recent years. In 2022, the employment rate of residents aged 70 and above was 21.1%, up from 15.8% in 2017.