WE ARE encouraged to work beyond the retirement age.
The establishment of an agency to train older workers and to match them with suitable jobs would give a boost to workers who wish to work up to the age of 65.
The Government could subsidise the courses offered by the agency and give incentives to companies willing to hire older workers.
The agency could also cater to those above 55 who are willing to accept jobs with lower pay and less stress which they enjoy.
Seniors can contribute to the workforce if their workplaces are closer to home and the hours are flexible.
The present CPF withdrawal age is 55, and most senior citizens may have withdrawn some of their hard-earned money after setting aside the Minimum Sum.
They would not mind accepting lower salaries if they could reduce their financial burdens and enjoy free time.
Employers can also do their part by accommodating these employees so that they can remain employable instead of retiring early.
For older workers who are still unemployed, the agency can provide courses to upgrade their skills, and ultimately find work for them.
It will be a win-win situation where the unemployed can find jobs and those who are working can stay employable for a longer period.
Most importantly, seniors will gain job satisfaction while maintaining work-life balance.
With a steady income, they can set aside extra money to buy annuities, which guarantee an income for life.
Work will also keep seniors' minds active, hence reducing the likelihood of contracting dementia or becoming senile.
It should also alleviate society's burden of supporting the elderly.
