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Retirement
& Re-Employment Act 2012
The Retirement and Re-employment Act will be effective
in Singapore on 1st January 2012. In support of efforts by the Singapore
National Employers Federation (SNEF) to assist employers to prepare for this
new law, SICC would like to encourage member organisations to engage SNEF when
planning for re-employment of older workers.
The
objective of the law and tripartite guidelines on re-employment of older employees
is to enable employers to retain workers after 62 and up to 65 in a sustainable
manner. Whilst the law lays out clearly the employers’ obligations, the tripartite
guidelines provide for ways in which employers may adapt its employment terms
so that, most employees can and will be retained beyond 62. Compared to a
straight raise of the retirement age, re-employment provides employers with the necessary flexibility to optimise
their human resources as they continue to hire older workers.
Teams
from SNEF and/or NTUC would be happy to work with companies to prepare them for
the re-employment law. The teams can provide consultation and advice to help
companies align their existing re-employment polices with the tripartite
guidelines; companies can also tap on the teams to assist with funding through the ADVANTAGE! Scheme
for job/work process/workplace redesign and WSQ HR re-employment training.
SNEF’s Workgroup on Employability of Older Workers has
been reaching out to employers to offer its assistance. To date, it has
directly engaged 900 companies and worked with them to align their
re-employment policies with the law and tripartite guidelines.
Employers who wish to tap on SNEF’s
services before the law kicks in next year can contact Mr Lee Yew Cheong,
Senior Manager at SNEF at Tel(DID): 6827 6939 or email:
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.
For more information on re-employment and to download a copy of the Tripartite Guidelines on Re-Employment of Older
Employees, please visit the re-employment website at
www.re-employment.sg.
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