16 Apr '14, 6am

Just what to do after work? #retirement #Singapore #retire

The global financial crash of 2008 not only diminished the savings of workers nearing retirement, but it also altered mindsets about the work cycle. In America, most people have to work their way back to the point where they originally had been ready to call it a day. With welfarism squeezed after the Clinton reforms and European workers being put on notice of a tightening of benefits, retirement is becoming a misnomer in the West. Workers are bracing themselves to continue on the job for as long as they have to. Singaporeans will need to be no less realistic about what essentially is now a life choice and less of a mandated cut- off. Workers here are denied a margin of cushion as the economy is more exposed than most to external shocks. Job security is less assured as downturn cycles get shorter between recessions. With Central Provident Fund retirement savings pitched at...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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