Homepage
PR Newswire
22-05-2015, 06:01 PM
(This post was last modified: 22-05-2015, 06:03 PM by valuebuddies.)
(22-05-2015, 04:02 PM)CityFarmer Wrote:(22-05-2015, 02:22 PM)valuebuddies Wrote:(22-05-2015, 01:11 PM)specuvestor Wrote: Technically SRS has nothing to do with CPF. Retirment age is creeping up so those schemes pegged to statutory retirement age will be impacted. Under new RRA, you cannot force retirement before 62, and option to renew upto 65, and encourage to 67.
Sounds strange, meaning to say VBs' dream for early retirement will not be materialised?And if I choose not to work after my 50s, will I be penalised or put into jail?
I reckon you should know the "restriction" is on the employers, rather on employees. I have taken it as common sense.
I think it is not a "restriction", there are many reasons an employer can gives for retrenchment, and in most of the case, no reason is actually needed. So question is back to as to what is the importance of the statutory retirement age, when the main scheme "CPF" is not relevant to the statutory retirement age?