7 Nov 2025
SOURCE: CPF Board
The retirement age in Singapore will increase from 63 to 64 on 1 July 2026. The re-employment age will also rise from 68 to 69.
But how would this affect those who are reaching the CPF payout eligibility age? Read on to find out more.
What is the retirement age in Singapore in 2026?
The retirement age in Singapore will be raised to age 64 from 1 July 2026. The re-employment age will also be raised to age 69.
What does changing the retirement and re-employment age mean?
According to the Retirement and Re-employment Act (RRA), employers must not dismiss any employee based on their age before they reach the prescribed minimum retirement age. With the increase in retirement and re-employment age, older workers who wish to work can continue to do so for longer.
Employers should offer re-employment contracts to eligible employees at least three months before retirement, to allow sufficient time for the employees to consider the offer.
The re-employment contract should be for at least a year, renewable every year up to the prevailing statutory re-employment age. The terms and benefits of re-employment contracts can be the same as those prior to re-employment, or different (e.g. adjusted due to changes in duties or responsibilities). Employers and the individual should discuss the terms and come to a mutual agreement.
Employees are eligible for re-employment if they:
Are a Singapore citizen or Singapore permanent resident;
Have served their current employer for at least 2 years before meeting the retirement age for employees hired at age 55 and above;
Have satisfactory work performance, as assessed by the employer; and
Are medically fit to continue working.
Will the Singapore retirement age affect the CPF payout eligibility age?
The CPF payout eligibility age is age 65 and is not linked to the retirement age or the re-employment age. This means that your CPF payout eligibility age will not be affected by the change in Singapore’s retirement age in 2026.
Members can apply for their monthly retirement payouts as early as three months before turning 65 through the Plan My Monthly Payouts service.
Members can also defer receiving their CPF payouts up to age 70. For every year deferred, the monthly payouts will increase by up to 7%.
Increase in CPF contribution rates for senior workers in 2026
Older CPF members who want to continue working will also receive a boost in CPF savings. This is due to an increase in the contribution rate from both employees and employers.
The total CPF contribution rates for those aged between 55 to 65 will increase by 1.5% from 1 January 2026. This 1.5% increase consists of a 0.5% increase in employer contributions and 1% increase in employee contributions.
Use the CPF Retirement Payout Planner to get a better understanding of your future retirement payouts
The Retirement Payout Planner lets you set a retirement payout goal based on your desired retirement lifestyle and provides a detailed forecast on whether you can reach it, along with tips on how to achieve your goal.
On top of that, it also factors in the changes in CPF contribution rates as you age and helps to generate an accurate projection that is tailored just for you.
You can also simulate actions such as making top-ups to your CPF savings or withdrawals (for members aged 55 and above) to view their impact on your retirement payouts.
Singapore retirement age in 2026 and CPF payouts
The increase in Singapore’s retirement age and re-employment age in July 2026 will give older workers who want to work longer better statutory protection. The CPF payout eligibility age remains unchanged.
For more CPF-related news, check out the changes announced in Budget 2025 and what they mean for you. While you’re at it, be sure to also keep these healthy ageing tips in mind!
The information provided in this article is accurate as of the date of publication.
