Singapore's raising the retirement age and re-employment age is also based on its national conditions and economic development. This measure will encourage workers and employers to improve their skills. For older employees, their jobs will be adjusted accordingly, so that they can better play their own light and heat in their jobs.
Retirement has been delayed, and the Singapore government has also introduced relevant policies to protect people's lives and medical care. The Singapore government allocated S $66,543.8 billion this year to set up a special fund to provide medical insurance for the elderly over 60. This is also a kind of welfare for the elderly, and they cannot retire early and enjoy their old age. Fortunately, the government can give some compensation.
At present, the legal retirement age in China is 60 for men and 55 for women. Compared with other countries, the retirement age in China is relatively low. The legal retirement age in the United States is 67 for men and women, 65 for men and women in Germany, 65 for men and women in Britain, 60 for men in Russia and 55 for women.
Delayed retirement means that this person has paid more social security, among which pension insurance and medical insurance are the most concerned issues. This should also mean that after retirement, the pension that people can receive will increase relatively, and the money in the personal medical insurance account will also increase.
But everyone's life expectancy is different, which also increases a lot of uncertainty, especially after retirement, people will definitely enjoy different years of old-age care and medical care. This makes many people feel that extending retirement is an indirect harm to their own interests, and the state needs to introduce more policies that are conducive to the elderly's pension and medical care to appease the people's hearts.