I WOULD like to thank the Government for implementing the Lease Buyback Scheme (LBS).

Even though the official retirement age is 62, there are many seniors who are offered a golden handshake by employers when they reach their 50s.

I am sure there are retired 60-year-olds who would like to take up the LBS, especially during the downturn.

Two years is a long time when one has no income and there are bills to pay and groceries to buy. One?s savings could also be diminished during this period of unemployment.

Therefore, why not lower the eligibility age to 60 from 62?

Mr David Soh Jin Hoe

For more my paper stories click here.