9 in 10 Singaporeans do not feel well prepared for retiremen
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9 in 10 Singaporeans do not feel well prepared for retirement
By Gladys Ow, Channel NewsAsia | Posted: 16 September 2009 1907 hrsPhotos 1 of 1 
Elderly in SingaporeVideo 
9 in 10 Singaporeans do not feel well prepared for retirement SINGAPORE: Ninety-one per cent of Singaporeans do not feel well prepared for retirement compared to the global average of 87 per cent, according to an annual report by Oxford University's Institute of Ageing on Wednesday.
The Oxford Institute of Ageing is known for its gerontological research and training programmes.
Singapore, like most countries in the world, is facing an ageing population. In fact, the number of dependent adults is expected to surpass the number of dependent children for the first time next year.
The Oxford report suggested that the low level of preparedness is linked to a lack of access to financial advice. Although Singapore has a wide range of retirement products available, more could be done to educate families to plan for the long term.
The team responsible for the report conducted a workshop in Singapore to help stakeholders from the private and public sectors, non-government organisations and academics plan for an ageing society.
Participants were asked to suggest policy solutions for a variety of situations.
At the end of the three-day programme on Wednesday, researchers felt that Singapore is well-equipped to deal with an ageing population because there is a high level of awareness of the issues. One of the key solutions for Singapore is to keep older workers employed.
Dr George Leeson, deputy director, Oxford Institute of Ageing, said: "Governments need to help employers, employers need to help employees, and trade unions need to play a role. I know that in Singapore there are moves for re-employment legislation in 2012.
"What I think employers have to remember is that they are the people they have to keep in the workplace because there is going to be a demand for the skills they have."
Individuals are also encouraged to take responsibility for their own retirement by planning early, especially for financial security. -
Of course, especially with recession now many are using their savings to survive then how to prepare for retirement
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The 1/10 must be the MIW.
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"Individuals are also encouraged to take responsibility for their own retirement by planning early, especially for financial security."
There two kinds of people, those who do and those that give excuses. -
crap talking
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Retirement~~~
Would be like relaxing on
a nice resort somwhere in oz/Cebu island
sipping on a cocktail drink
thats more consider as retirement
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Originally posted by Fantagf:
crap talking
Let readers decide.
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Originally posted by noahnoah:
Retirement~~~
Would be like relaxing on
a nice resort somwhere in oz/Cebu island
sipping on a cocktail drink
thats more consider as retirement
great ideai know my sis in law going to retire back home in cebu for retirement
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Originally posted by noahnoah:
Retirement~~~
Would be like relaxing on
a nice resort somwhere in oz/Cebu island
sipping on a cocktail drink
thats more consider as retirement
I like I like.
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Originally posted by Chew Bakar:
I like I like.
u really like arU want to join me a not
if yes.
can go book tickets
U want Wat rooms , Superior or bali style de
U go apply leave first ok
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Originally posted by noahnoah:
u really like arU want to join me a not
if yes.
can go book tickets
U want Wat rooms , Superior or bali style de
U go apply leave first ok
You so rich still say u poor. STay in hotel for retirement. Wow!
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Originally posted by noahnoah:
u really like arU want to join me a not
if yes.
can go book tickets
U want Wat rooms , Superior or bali style de
U go apply leave first ok
Oredi no more leave, permanently unemployed.
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Originally posted by Chew Bakar:
Oredi no more leave, permanently unemployed.
i also no more leave liaobut when is time to fly
I just fly also
Life is like that one
Just Do it !
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Originally posted by noahnoah:
i also no more leave liaobut when is time to fly
I just fly also
Life is like that one
Just Do it !
You no boss, no leave
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Originally posted by noahnoah:
i also no more leave liaobut when is time to fly
I just fly also
Life is like that one
Just Do it !
Noah is rich.
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Originally posted by Chew Bakar:
Noah is rich.
I not rich hoI only eat cai png only
Simple and nice to eat
le
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Originally posted by noahnoah:
I not rich hoI only eat cai png only
Simple and nice to eat
le
eat cai png only.
sound like some old towkays that eat peanuts and porridge only hor.
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Originally posted by Chew Bakar:
Noah is rich.
yes, noah is rich. His dog is very well fed -
What if i question this way....
If a Singapore citizen start his career in Singapore and end in Singapore, what degree of confident he/she can retired comfortably at age 65.
What would be the quality of life that he/she worked for in his 40 yrs of career?
Considered Singaporean income and cost of living are subjected to
1) Effect of recession that erode income
2) Incremental high cost of healthcare and cost of living
3) CPF has been paying off Over value HDB.
4) CPF witholding
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Life is simple.You work, work and work and then you die.
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work until your last breath
can died and don;t fall sick
our gahmen pattern more than badminton
all the statistics, survey, etc is just for show
sure must cover all the ugly "things" must give investors all the good impression
all the statute set by them what
what is gracious society my definition - try your best to earn, invest and spend money
wisely no money no talk no honey
the best just exercise your voting right
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Originally posted by mancha:
"Individuals are also encouraged to take responsibility for their own retirement by planning early, especially for financial security."
There two kinds of people, those who do and those that give excuses.Huh?
Then why enforced CPF?
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HDB income ceiling is $8k? With projects like the duxton $700k each unit. How to retire comfortably.......
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I think I have heard LKY and the gang trying to encourage people to work beyond the retirement age numerous times (Is 60 the retirement age in Singapore?)If he couldnt convince you on that then the current standard of living certaintly would.
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Originally posted by noahnoah:
i also no more leave liaobut when is time to fly
I just fly also
Life is like that one
Just Do it !
hmmm...i use to see pair of guys going oversea together...