In addition, the Committee will continue its work for another five years. It will work towards raising the employment rate for residents aged 55 to 64 to the medium-term target of 65% (from the current 53.7%). The Committee will also work closely with the Ministerial Committee on Ageing to tackle the issues of an ageing population in a holistic manner.
The Committee's final report includes an Executive Summary and organizes its recommendations into four key strategic thrusts:
- Expand employment opportunities for older workers
- Enhance the cost competitiveness of older workers
- Raise skills and value of older workers
- Shape positive perceptions towards older workers
Additional Sources: Channel NewsAsia "NTUC urges bosses not to wait for laws on employing older workers" (May 17, 2007)