How much is enough for retirement in Singapore?

[starlight1968sg]

doodbug\" post_id=\"2130351\" time=\"1709696477\" user_id=\"13281:

all of you must be doing really well at the workplace to be offered reemployment and all!

Am actually pretty sure I will be made redundant or made to feel redundant in advance of the official retirement age.

haha, i dont know if re employment will be offered when my time comes.
I just see my colleagues being offered.
I think the nature of the work/industries matters a lot.

[MrsKiasu]

Thanks all for the info…will have different outcome it seems. Have options to extend our service, if needed.


Maybe employer matters? If it is G, may be higher chance of extension?

[sharonkhoo]

doodbug\" post_id=\"2130351\" time=\"1709696477\" user_id=\"13281:

all of you must be doing really well at the workplace to be offered reemployment and all!

Am actually pretty sure I will be made redundant or made to feel redundant in advance of the official retirement age.

It depends on whether there are younger people dying to take over your job, and whether the organisation prefers to have a new person or someone they know and (hopefully) trust! So far, it seems that quite a few I know in public service have been re-employed. The terms may not be the same as before, but if the terms of work are acceptable and they enjoy the work, they have continued.

[Liew Nga Wing]

starlight1968sg\" post_id=\"2130350\" time=\"1709696181\" user_id=\"14025:

Mine is slightly different.
When am a few months close to the retirement age, the company will offer me an extension of service. Based on my colleagues' experience, it is usually 2 years of extension with pay and job scope likely the same but medical benefits will be following the current scheme.

Then what will happen after this 2 years extension? Will 100% extend again?

[Liew Nga Wing]

slmkhoo\" post_id=\"2130349\" time=\"1709696045\" user_id=\"28674:

Yes - I'm a young 60yo woman! That's different from saying \"I'm a young woman\" (which no-one will believe anyway)!

If you are always surrounding by old or invalid people, you will remind yourself is old but for me every week play with those youngsters who are talking about dating, finding new jobs or going study in overseas....you will forget your age.

[sharonkhoo]

Liew Nga Wing\" post_id=\"2130357\" time=\"1709703339\" user_id=\"195250:[quote=\"Liew Nga Wing\" post_id=2130357 time=1709703339 user_id=195250]
If you are always surrounding by old or invalid people, you will remind yourself is old but for me every week play with those youngsters who are talking about dating, finding new jobs or going study in overseas....you will forget your age. [/quote]

I agree with the value of spending time with people younger than I am, but not to forget my age and feel young.

I spend quite a lot of time with people younger than I am - my 2 daughters are in their 20s, and another group that I am meeting with over these few months are also in the 20-30yo range. And my church cell group are in their early 30s, with quite a few babies in the mix! I don't find that it makes me forget my age - if anything, it reminds me how far I've come! I don't really care about age, anyway, and I think what I have experienced and know benefits the young people I spend time with. At the same time, their perspectives and experience gives me new insights too, and I appreciate the opportunities to journey along with them.

[MrsKiasu]

I don’t mind growing older…it is the feeling of being behind in achievements that seem to give me some stress. I think probably going forward may be my payback time unless one day I m feeling too tired and tell myself just embrace it.

[MrsKiasu]

Agree, reality is reality.. but we tell ourselves we can still do a lot of things. Like the 'young 60yo lady'

[Estéema]

For some elderly marooned at home wld appreciate able to be useful & contributing - the actualization. To earn abit enuf for food & pay for good holidays, whilst keeping oneself on the move & help keep going instead of less active lifestyle & illnesses abay.


I’m always tempted to return to workforce since 20 years back, but the days turn to years & it gets harder. I missed those days of lunching with my colleagues, organizing events & being dynamic at my workplace mingling with staff of all nationalities. I guess I’ll be less capable, but nvtheless shld still hv some gunk. Lol

[sharonkhoo]

Estéema\" post_id=\"2130365\" time=\"1709706816\" user_id=\"66413:

For some elderly marooned at home wld appreciate able to be useful & contributing - the actualization. To earn abit enuf for food & pay for good holidays, whilst keeping oneself on the move & help keep going instead of less active lifestyle & illnesses abay.

I’m always tempted to return to workforce since 20 years back, but the days turn to years & it gets harder. I missed those days of lunching with my colleagues, organizing events & being dynamic at my workplace mingling with staff of all nationalities. I guess I’ll be less capable, but nvtheless shld still hv some gunk. Lol

You've done a lot of volunteering - that's just as good. Not necessary to get paid. Only very little of my work is paid now; most of my time is either volunteering or at home.