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National Day Rally 2019 Highlights - Changes Will Affect Payroll

  • Retirement age will be increased to 63 in 2022 and to 65 by 2030. The current retirement age is 62.
  • Re-employment age will be increased to 68 in 2022 and to 70 by 2030. The current re-employment age is 67.
  • CPF contributions above 55 years old will be gradually raised in 2021.

 

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