Page 2 of 7 FirstFirst 1234 ... LastLast
Results 21 to 40 of 123

Thread: Too old to worK till 65?

  1. #21
    Member
    Join Date
    May 2005
    Location
    Nee Soon
    Posts
    457

    Default Re: Too old to worK till 65?

    Where does the compulsory annuity fit in ? After the minimum sum has been expended or you use the minimum sum to buy the annuity ?

  2. #22
    Member
    Join Date
    Dec 2003
    Location
    CCK
    Posts
    1,051

    Default Re: Too old to worK till 65?

    Quote Originally Posted by Sion View Post
    An interesting summary of PM's speech -->
    http://app.sprinter.gov.sg/data/pr/2007081905.htm

    Excerpt from the above:

    "Ageing Population

    1. One factor in the widening income gap is our ageing population

    2. Singa*pore has one of the fastest ageing populations in the world

    a. Not enough babies

    b. Singaporeans are living longer

    i. Conversation with Father Michael Arro, Parish Priest at the Church of St Teresa

    (1) He came from France 50 years ago

    (2) Then his parishioners retired at 55, and he held funeral services for them around 60 – 5 years

    (3) Now, people retire at 62, and live longer to around 80 – around 20 years of retirement!

    ii. Father Arro was spot on

    (1) In 1957, average life expectancy was 61

    (2) Today, average life expectancy is 80

    (3) Many will live longer, e.g. to 90, or 100 and beyond

    (a) 9,000 Singaporeans over 90 years old

    (b) Of these, 500 Singaporeans are over 100!

    (i) e.g. 110-year-old Teresa Hsu – featured on CNA programme (“The New Old”)

    (ii) She is not the oldest

    (4) Also saw retired Prof Ann Wee (81) on the programme

    (a) Described herself as OPWA (Old Person With Attitude)

    (b) Said she aimed for a “rectangular life”

    (c) Happy and meaningful life for as long as you live

    (d) When the time comes, let it be quick and painless

    (5) Aim not to live forever, but to have a good life, and a good death

    (a) What Hokkiens call “ho see” (好死)

    (6) Japanese have the same philosophy

    (a) Seek three major components of a happy life: “ample eating, leisurely sleeping, and sudden death”

    (b) Special temples where people go to pray this – “pokkuri dera” (temples blessing longevity and painless death)

    c. What will Singapore be like in 2020?

    i. Visited Radin Mas – Sam Tan’s ward

    (1) 17% of residents (1 in 6) are aged 65 and above

    (2) Singa*pore as a whole will be close to this proportion by 2020"

  3. #23
    Member Static's Avatar
    Join Date
    Jul 2006
    Location
    Surfing soft porn in CS
    Posts
    1,079

    Default Re: Too old to worK till 65?

    60+ What u gona work as ?

    Manager ? Director ? CEO ? Most singaporeans won't even reach that position at their peak.

    Most probably
    --- > Cleaner ? Labourer ?

    Just imagine if u have been working as a senior executive/manager and got retrenched.
    At age 50+, nobody gona employ u and u can't retire.

    Ya seriously, i tink the govt should take the lead and hire old ppl into senior positions.
    陳綺貞 2010 [夏季練習曲] 巡迴演唱會 Cheer Concert 13 Nov 2010 MAX Pavilion@Singapore Expo

  4. #24
    Member
    Join Date
    Dec 2003
    Location
    CCK
    Posts
    1,051

    Default Re: Too old to worK till 65?

    Quote Originally Posted by Static View Post
    60+ What u gona work as ?

    Manager ? Director ? CEO ? Most singaporeans won't even reach that position at their peak.

    Most probably
    --- > Cleaner ? Labourer ?

    Just imagine if u have been working as a senior executive/manager and got retrenched.
    At age 50+, nobody gona employ u and u can't retire.

    Ya seriously, i tink the govt should take the lead and hire old ppl into senior positions.
    From yesterday's speech, stated very clearly that older workers should gradually expect to move down the organisation and take lower salaries. There is a re-employment act to be in force by 2012 that looks like it will require employers to offer re-employment to employees, at least up to 65 years (initially), but possibly not on the same terms. Quite a creative tactic, not seen it any where else. Needs all parties to play ball, though, employers to make good faith effort to re-employ/deploy, older workers to accept reduce status and pay, younger workers to make adjustments in working with older folk who will be reporting to them. Not the responsibility of g-ment alone but all companies and workers. Will not be easy but better than doing nothing.

  5. #25
    Member/Tangshooter
    Join Date
    May 2006
    Location
    ClubSNAP Community
    Posts
    3,118

    Default Re: Too old to worK till 65?

    Quote Originally Posted by Static View Post
    60+ What u gona work as ?

    Manager ? Director ? CEO ? Most singaporeans won't even reach that position at their peak.

    Most probably
    --- > Cleaner ? Labourer ?

    Just imagine if u have been working as a senior executive/manager and got retrenched.
    At age 50+, nobody gona employ u and u can't retire.

    Ya seriously, i tink the govt should take the lead and hire old ppl into senior positions.
    With so many old ppl working..is the economy able to generate enough jobs for the new generation..look at the number of graduates we have every year..and setting up a new university means the number is going to increase even further..how many new graduate's jobs can a company generate every year? It oni means graduates have to accept lower starting pay to be employed..and we oso face competition by foreign students like China and India who are willing to work for way low wages..and on top of that with the increase in education fees, it oso means it will take longer for ppl to repay the bank loan for school fees..not everyone have rich parents to pay the fees for them..
    This is an electronic post which requires no signature.

  6. #26
    Senior Member Sion's Avatar
    Join Date
    Jan 2004
    Location
    新天地
    Posts
    4,768

    Default Re: Too old to worK till 65?

    Quote Originally Posted by Static View Post
    60+ What u gona work as ?

    Manager ? Director ? CEO ? Most singaporeans won't even reach that position at their peak.

    Most probably
    --- > Cleaner ? Labourer ?
    You forget about directors, advisors and consultants etc.

  7. #27
    Member
    Join Date
    May 2005
    Location
    Nee Soon
    Posts
    457

    Default Re: Too old to worK till 65?

    Quote Originally Posted by Static View Post
    60+ What u gona work as ?
    You can still be a photographer like that Ah Pek in the Silkygirl TV ad.
    Last edited by arpinkor; 20th August 2007 at 12:15 PM.

  8. #28
    Senior Member
    Join Date
    Sep 2005
    Location
    Raffles Place
    Posts
    1,808

    Default Re: Too old to worK till 65?

    i need to eat the pill of immortality.

    why ? becos working at 65 and beyond in Singapore is really challenging ...

  9. #29
    Member/Tangshooter
    Join Date
    May 2006
    Location
    ClubSNAP Community
    Posts
    3,118

    Default Re: Too old to worK till 65?

    Quote Originally Posted by Static View Post
    Ya seriously, i tink the govt should take the lead and hire old ppl into senior positions.
    Dun talk abt older ppl first..let's talk abt the yellow ribbon project..do u think gov. sector is going to take in ex-convicts?
    This is an electronic post which requires no signature.

  10. #30
    Member Static's Avatar
    Join Date
    Jul 2006
    Location
    Surfing soft porn in CS
    Posts
    1,079

    Default Re: Too old to worK till 65?

    Quote Originally Posted by Sion View Post
    You forget about directors, advisors and consultants etc.
    Can u employ me when I am 50+ and out of job?
    陳綺貞 2010 [夏季練習曲] 巡迴演唱會 Cheer Concert 13 Nov 2010 MAX Pavilion@Singapore Expo

  11. #31

    Default Re: Too old to worK till 65?

    End of the day, it is all talk and we will only know if the theories and policies work when the results come back from the ground.

    The goverment will not and cannot implement any laws to force companies to engage older workers. Presently the suggestion is that companies must offer a position to retiring workers but it doesnt say they must accept the workers. There is a big difference.

    End of the day be realistic, money talks and as an company why on earth would they want to spend more money to employ older workers. And if they need to pay younger workers a lower pay to keep older workers, these younger workers will simply jump ship to another company that can pay them higher as they dont have older workers to support.

    Having the government take the first step in engaging older workers is a good one and one has to be realistic, forget 5 to 6 thousand pay as Manager etc etc. Expect more a 1 to 1.5k pay as a clerk, office guy etc etc.

    So best is to save now when you are young, dont got dump your money on the latest car or some fancy full interior design for your flat which incidentally is of no value. And then depend on your savings and investments and not depend on anyone especially no the government.

  12. #32
    Senior Member
    Join Date
    Jun 2005
    Location
    SGee
    Posts
    1,572

    Default Re: Too old to worK till 65?

    another question is d pay, how low is to low even for some1 w/ 1 foot in coffin?

    i tot old ppl's job is look aft grandchildren?

  13. #33
    Member
    Join Date
    May 2003
    Location
    Singapore
    Posts
    454

    Default Re: Too old to worK till 65?

    Or shall we suggest the MM or the minister to work as a full-time cleaner in the hawer centre at their retirement age?


    Quote Originally Posted by Static View Post
    60+ What u gona work as ?

    Manager ? Director ? CEO ? Most singaporeans won't even reach that position at their peak.

    Most probably
    --- > Cleaner ? Labourer ?

    Just imagine if u have been working as a senior executive/manager and got retrenched.
    At age 50+, nobody gona employ u and u can't retire.

    Ya seriously, i tink the govt should take the lead and hire old ppl into senior positions.

  14. #34

    Default Re: Too old to worK till 65?

    Quote Originally Posted by arpinkor View Post
    You can still be a photographer like that Ah Pek in the Silkygirl TV ad.
    Heheh...

  15. #35
    Senior Member
    Join Date
    Apr 2005
    Location
    270 degree of Singapore
    Posts
    6,741

    Default Re: Too old to worK till 65?

    Quote Originally Posted by arpinkor View Post
    You can still be a photographer like that Ah Pek in the Silkygirl TV ad.
    Sony Alpha 700 hobbyist

  16. #36
    vince123123
    Guests

    Default Re: Too old to worK till 65?

    Does he need to work? Does he even work?

    Quote Originally Posted by ghost77 View Post
    Or shall we suggest the MM or the minister to work as a full-time cleaner in the hawer centre at their retirement age?

  17. #37
    Member
    Join Date
    Feb 2005
    Location
    Bedok
    Posts
    153

    Default Re: Too old to worK till 65?

    Quote Originally Posted by Static View Post
    60+ What u gona work as ?

    Most probably
    --- > Cleaner ? Labourer ?
    as cleaner ?
    mayb impossible, look around the food court n u will notice many foreign wokers, give us say 20 years to retirement, u think there will still be vacancies ?

    labourer ?
    also impossible liao, how much things can u labour around at the retirement age as compare to the younger generation.?

  18. #38
    Senior Member
    Join Date
    Sep 2005
    Location
    Raffles Place
    Posts
    1,808

    Default Re: Too old to worK till 65?

    u complain for wat ? there is someone 80 plus still working and giving speeches...

  19. #39
    Senior Member sammy888's Avatar
    Join Date
    Sep 2004
    Location
    Singapore, Singapore, Singapor
    Posts
    1,568

    Default Re: Too old to worK till 65?

    Quote Originally Posted by raincool2005 View Post
    u complain for wat ? there is someone 80 plus still working and giving speeches...
    And getting paid not as the older generation should (like we are told we should have to accept) but on par with the most competitive pay packet average of a similar world classs top notch MNC CEO. heheh.... and need not make way for the younger generation to take on the top job.

  20. #40
    Senior Member sammy888's Avatar
    Join Date
    Sep 2004
    Location
    Singapore, Singapore, Singapor
    Posts
    1,568

    Default Re: Too old to worK till 65?

    Quote Originally Posted by Chiang View Post
    as cleaner ?
    mayb impossible, look around the food court n u will notice many foreign wokers, give us say 20 years to retirement, u think there will still be vacancies ?

    labourer ?
    also impossible liao, how much things can u labour around at the retirement age as compare to the younger generation.?

    20 years is a long time from now. I am a strong advocate of technology and how it changes lives so quick that if you don't try to keep up you will be left behind. I use to tell my peers...learn computer skill beyond basic and maybe even intermediate. I said, Compute or Die. Alot laughed at me...as far back as half a decade ago..they no longer laughing but panicking. Each time a new software or technology comes into the market, new jobs are created but worst...old jobs are lose..obselete and taken over not by a cheaper labour force or a younger one but by a computer or a fuzzy logic mechanism. There are already roaming auto-bot vaccum cleaners now. By 20 years they might be auto toilet cleaner, self collecting dishes at hawker center or what have you. If we apply Moorse Law where technology speed doubles every 18 months...in 20 yrs..can you imagine what job is left to us to do if machine can do it without complaining, 14-21 days of annual leave, 14 medical leave, work 24 hours non stop, minimal invest without worrying about staff's personal life interfearing with work at the office...etc. True this is not new as some of this was already happening as far back as 10 yrs or more but it is speeding up.

    Just a decade ago, my office had 3 data entry staffs, 1 book keeper, 2 assistant accountant and 1 accountant handling all our offices accounting. Along come one accounting program with inventory control and all linked to a few computer and a bar code reader and code printer...well...when it was implemented, the staff was down to 1 accountant, asst accountant and 1 book keeper. Data entry was done by bar code scanning and we use the storeman to use a bar code reader to enter new products ( bye bye data entry staff) That's also the hard fact of growing and living the next 20 yrs and beyoud. I find it fine if new jobs are created when we lose old job types but what if we lose more then we can create and if created...human is not required?

    While we want to bicker about the govt not doing enough ( yes I do think they can do more for what they are paid ) we have to consider Plan B as well and that is finding a way out for ourselves too. Because if you don't help yourself, no one will...
    Last edited by sammy888; 21st August 2007 at 08:53 PM.

Page 2 of 7 FirstFirst 1234 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •