"We want to study the effects of legislation which was introduced in Japan in April--the hiccups, teething problems and all which have cropped up in the last six months," NTUC's director of industrial relations, Ms Joanne Cham Hui Fong, told Today in an exclusive interview.The Tripartite Committee on Employability of Older Workers, chaired by Minister of State for Manpower Gan Kim Yong, is expected to release a final report early in 2007.
If a re-employment scheme is introduced, it will apply to those 62 and above. Under current legislation, companies cannot retire someone at 60, but workers working until 62 do so with a wage cut of up to 10 per cent.Source: TodayOnline "Still a workforce to be reckoned with" (Octbober 16, 2006)
"The bigger issue we are dealing with today is how to promote the employment of older workers above 50 and the reemployment of retired workers beyond 62. Then we will have achieved the purpose of raising the effective retirement age," said Ms Cham.