12 Jan '11, 11pm

No more pay cut at 60 for civil servants from July

'It should be a signal to companies to review if they should continue the pay-cut practice, or the extent to which it is being done.' National Trades Union Congress deputy secretary-general Heng Chee How, on the PSD's move to stop cutting wages of older workers FROM July, the Public Service will stop a practice which allows government agencies to cut the pay of employees who turn 60 by up to 10 per cent. The Public Service Division (PSD) said yesterday that it was making the change as older public-sector employees would be affected by wage adjustments should they be re-employed after reaching the retirement age of 62. The move, which came a day after Parliament passed the Retirement and Re-employment Act, ties in with a requirement in the new law that eligible retiring staff be offered the opportunity to continue working till age 65. The law, which takes effect on Jan 1 ne...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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