In 2026, Singapore is not only increasing the retirement and re-employment ages but also providing considerable financial and employment aid to older workers. Starting July 2026, the retirement age will be set at 64, and the re-employment age at 69 which will allow the earners’ years to widen for the senior citizens.
The matter is relevant presently since the majority of the people in their 60’s either want or need to work — possibly, for extra income, bigger CPF savings, or personal satisfaction. New perks and incentives are the workforce that is making it easier to stay and more rewarding to stay.
Higher CPF Rates for Ages 55–65
In 2026, the contribution rates for the workers aged 55 to 65 will increase by 1.5 percentage points. The additional amount will be deposited directly to the retirement account, which in turn will help to payout larger lifelong monthly installments.
The slight rise composes a major amount along the way.
Senior Employment Credit
Employers hiring or retaining workers aged 60 and above receive a wage offset of 11% of monthly salary. This credit lessens the charge for companies, thus, making them more open to offering senior-friendly jobs.
Part-Time Re-employment Grant
For every worker that an employer provides part-time or flexible re-employment positions to, the employer can receive up to S$125,000 over three years.
Many seniors tend to work less hours — this grant motivates the employers to facilitate those arrangements.
Raised Re-employment Age
Starting from July 2026, it will be mandatory for the employers to provide the re-employment option to the qualified workers who are 69 years old or younger (the previous limit was 68).
This, in turn, allows one more year of possible income and CPF contributions.
Progressive Wage Model Continues to Help
Workers in the lower-wage sectors (cleaning, security, retail) receive regular minimum wage increases. There are a lot of older workers in these fields who directly benefit from the rise in salary.
SkillsFuture Support for Older Workers
The elderly get additional SkillsFuture credits and subsidized courses to either learn new skills or just remain relevant in their current job.
Upgrading of skills often results in a better-paying position or job security.
Quick Overview of Key Benefits (2026)
| Benefit | Details | Who Benefits Most |
|---|---|---|
| Higher CPF Rates | +1.5% for ages 55–65 | Workers 55–65 still employed |
| Senior Employment Credit | Up to 11% wage offset | Employers hiring/retaining 60+ |
| Re-employment Age | Up to 69 from July 2026 | Fit & performing workers 63–69 |
| Part-Time Re-employment Grant | Up to S$125,000 for employers | Companies offering flexible roles |
| SkillsFuture Credits | Extra for seniors | Workers wanting to upskill |
Extra Financial Security
Extra Financial Security — Longer working years translate into more CPF savings, larger CPF LIFE payouts, and continued access to healthcare subsidies.
The adjustments and advantages of 2026 render it more appealing and financially rewarding for the seniors of Singapore to remain in the workforce beyond 60.
Please check the website of the Ministry of Manpower (mom.gov.sg) or consult your employer/HR team today in order to know your personal choices. If you are 60 or older, consider part-time jobs, training courses, or wage credits — a little effort now can secure your retirement later!