What is the current retirement age?
The current full retirement age is 66 and 2 months for individuals who attain age 62 in 2019. The age when retired people can receive full benefits is increasing gradually to age 67. (The age for Medicare eligibility remains at 65.) See Benefits By Year Of Birth for more information.
What is the best age to retire with a pension?
The general retirement age is currently set to age 67, however, given sufficient pension contributions it is possible to retire as early as at age 62. The longer an individual postpones withdrawing a pension, the greater the government pension provision becomes.
What is the age of retirement in Singapore?
Under the RRA, the statutory minimum retirement age is still 62, but employers are now required to offer re-employment to eligible employees who turn 62, up to the age of 65. The bill will gradually increase the retirement and re-employment ages for Singapore employees to 65 and 70 years old, respectively.