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Thinking about unretiring? More Singaporean professionals are exploring what's next after closing one chapter. Some find retirement less fulfilling than expected.
Others face financial changes or want to stay relevant. In Singapore, unretirement is becoming increasingly common, rather than the exception. Let’s explore the why, the how, and whether unretiring in Singapore might be the right move for you.
Unretirement: What Does it Mean?
Unretirement refers to the act of returning to work after retiring. It might be a full-time gig. Or perhaps a part-time role. Consulting, freelance, or even a creative passion. It's flexible, practical, and increasingly common.
The Latest Key Facts on the Unretiring Trend in Singapore:
| Age Group | Year | Rate | Metric | What It Means |
|---|---|---|---|---|
| 65+ | 2024 | 32.5% | LFPR (Labour Force Participation Rate) |
Share of residents aged 65+ who are working or actively seeking work |
| 65+ | 2024 | 31.7% | Employment Rate | Share of residents aged 65+ who are employed |
| 60–64 | 2024 | 67.9% | LFPR | Share of residents aged 60–64 who are working or actively seeking work |
Key Government Measures and Support (2025 updates)
| Key Government Measures and Support (2025 updates) | Details |
|---|---|
| Senior Employment Credit (SEC) | Extended to end-2026; up to 7% wage offsets for hiring Singaporeans aged 60+ earning <$4,000/month. Highest support tier now for ages 69+ (was 68+). |
| CPF Contribution Rates | For workers aged 55–65, rates will rise by 1.5 percentage points in 2026 to boost retirement savings. |
| Tripartite Workgroup on Senior Employment | Set up in 2025; will review senior employment policies and promote age-friendly workplaces. Includes an Alliance for Action to co-create solutions with stakeholders. |
| Skills Training & Career Workshops | Workforce Singapore will run targeted career guidance for seniors aged 50+ to support multistage careers and transitions. |
Why “Unretirement” Is Expanding
The trend of "unretirement" is on the rise for several reasons. Financially, many seniors are returning to work to secure their income due to longer lifespans and increasing living expenses.
Additionally, there is a strong desire among seniors to remain socially engaged, maintain a sense of purpose, connections, and cognitive health.
The Public Sector Outcomes Review reveals that in 2023, more than 90% of eligible senior workers were offered re-employment. This indicates strong interest from employers in keeping older employees. For PMETs, the re-employment rate was even higher, reaching about 98% in 2022 and 2023.
Flexible Work Options
Flexible work options are becoming increasingly available, as more companies offer part-time and remote work schedules. This shift is supported by government incentives that encourage employers to adopt age-inclusive HR practices.
Additionally, many seniors are exploring career-switching and consulting opportunities, seeking roles in new industries or part-time positions that provide a better work-life balance and allow for continued engagement in the workforce.
Why Are More Singaporeans Unretiring?
More Singaporeans are choosing to "unretire" due to a combination of factors. One significant reason is financial security, as the high cost of living in Singapore continues to rise.
Many retirees find that their savings are insufficient, particularly with increased life expectancies, and fixed incomes often struggle to cover housing, healthcare, and daily expenses.
Statistics from 2025 show that 32.5% of residents aged 65 and older are part of the labour force. Meanwhile, the CPF Enhanced Retirement Sum has increased to $426,000, and the Senior Employment Credit offers 7% wage support for eligible older workers through 2026.
Additionally, many seniors seek purpose and engagement, as retirement can lead to feelings of isolation. Work provides structure, social connections, and a sense of contribution. However, try volunteering or a side-hustle before jumping into formal employment.
From January 2023 to August 2024, there has been a 13% increase in job applications from seniors aged 60 and above. Furthermore, healthy aging and lifelong learning play important roles, as staying mentally and physically active is essential.
The government and NTUC support mature workers through various upskilling initiatives, including Workforce Singapore career workshops for those aged 50 and above and SkillsFuture credits for ongoing education.
To stay engaged, seniors are encouraged to learn new digital skills and attend networking events, fostering curiosity and personal growth.
The Impact: Unretirement in Singapore
Unretirement isn’t just a personal decision. It’s shaping the nation.
Economic Impact:
- Fills labour gaps as Singapore’s workforce ages.
- Seniors account for valuable expertise and continuity.
- GDP growth benefits: projected 1.5–2.5% in 2025.
- Social safety nets are relieved as seniors remain independent.
Social Impact:
- Promotes workplace diversity and reduces ageism.
- Supports intergenerational knowledge sharing.
- Enhances mental health and combats loneliness.
Pros and Cons: Is Unretirement Right For You?
Unretirement presents both advantages and disadvantages, making it essential to assess whether it's the right choice for you.
The pros include greater financial security, as returning to work can help bolster income. It also offers mental stimulation and improved health, fostering social engagement and the chance to form new friendships. Additionally, unretirement provides opportunities for mentoring and knowledge sharing, while reducing reliance on government support.
On the other hand, there are cons to consider. Many individuals may experience fatigue or stress from adapting to new roles, and returning to work can lead to a loss of leisure time. Furthermore, workplace ageism and hiring biases may still exist, along with potential skills gaps, particularly regarding new technology. Lastly, demanding jobs could pose health challenges for some seniors.
Comparison Table:
| Pros | Cons |
|---|---|
| Financial stability | Fatigue, loss of free time |
| Mental stimulation | Tech adaptation challenges |
| Social inclusion | Age discrimination |
| Organisational continuity | Health risks in physical roles |
| Lower pension/healthcare reliance | Balancing work and family needs |
Bite-Size Tip: Talk to recent “unretirees” before making a decision. Learn from those who've already leaped.
Actionable Steps to Unretiring in Singapore
Ready to take the plunge? Here’s how to make it a smooth transition.
| Assessment Area | Details |
|---|---|
| Assess Your Motivation | - Are you unretiring for money, meaning, or both? - Write down your reasons. Be honest with yourself. Pro Tip: Discuss with family or a trusted mentor for a second opinion. |
| Evaluate Financials | - Audit your CPF, savings, and any recurring expenses. - Consult a professional if unsure. Bite-Size Checklist: - Review health insurance coverage. - Adjust Social Security or pension withdrawals if you’ll earn income. |
| Check Your Health | - Consider both physical and mental well-being. - Schedule a check-up before starting work—especially if considering a demanding role. Pro Tip: If you have mobility or health concerns, look for remote, consulting, or part-time roles. |
| Update Skills and Network | - Refresh your CV and LinkedIn profile. - Reach out to former colleagues, industry groups, or attend a career workshop. Bite-Size Checklist: - List three skills you’d like to update. Sign up for a course. - Attend two networking events this year. |
| Explore Suitable Roles | - Decide if you’d like part-time, consulting, or a complete career switch. - Use job portals, employer events, and government resources. Pro Tip: Consider roles outside your previous industry. Many seniors enjoy new challenges. |
| Leverage Government Support | - Apply for roles with employers backed by Senior Employment Credit or Part-Time Re-employment Grant. - Seek career guidance from Workforce Singapore, NTUC, or local job centres. Quick Guide: - Use SkillsFuture to subsidise upskilling courses. |
Digestible Bite-Size Pro-Tips
- Start small. Test out flexible gigs before going full-time.
- Don’t be afraid to negotiate hours or responsibilities.
- Prioritise your health and family above all.
- Look for age-friendly employers and roles that value your experience.
- Always stay curious and make learning a regular habit.
Frequently Asked Questions
Is it really possible to find a suitable job as a senior in Singapore?
Yes! Over 90% of eligible seniors were re-employed in 2023. Many employers support age-friendly practices.
Do I lose my retirement benefits if I earn an income?
Not usually. But check CPF and Social Security arrangements to optimise your payouts. Just be mindful that lump-sum withdrawals or additional income (including from withdrawals or SRS) could affect your tax bracket or reduce future CPF payouts.
It’s wise to review your CPF Retirement Dashboard, understand CPF withdrawal rules, and plan using tools like SRS or CPF top-ups to preserve your retirement income.
What kind of jobs are available?
Everything from consulting, teaching, sales, hospitality, caregiving, remote digital work, and even creative roles.
How do I balance work, health, and family?
Opt for roles with flexible time or remote work. Communicate clearly with loved ones about your commitments.
Is Unretiring in Singapore For You?
It’s a personal choice. For some, it’s a second shot at fulfilment. For others, it’s about financial stability. Think about your needs, goals, and health. Singapore's policy support, growing age-friendly workplaces, and lifelong learning opportunities make unretirement a viable, practical path for many.
Unlike in the past, you’re not expected to “fade away” at a certain age. Life after 60 can be vibrant, productive, and rewarding. Above all, it’s yours to shape.
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