Tripartite workgroup proposes retirement age of 65, re-employment at 70
The panel also seeks higher payments for seniors who are not re-employed.
The Tripartite Workgroup on Senior Employment (TWG-SE) has recommended raising the retirement age from 64 to 65 and the re-employment age from 69 to 70 from 1 January 2029.
The group outlined six recommendations to create age-friendly workplaces and give senior workers greater assurance that they can continue working if they wish.
These include a new Flexi-Load Programme to help employers expand part-time and fractional work opportunities, and a programme office led by the Skills and Workforce Development Agency to support career transitions and age-inclusive employment practices.
TWG-SE also recommended increasing the minimum and maximum Employment Assistance Payment amounts to reflect wage growth, providing greater financial support to seniors who are not re-employed.
It also proposed enhancing Earned Income Relief for seniors working beyond the statutory retirement and re-employment ages and replacing the Senior Employment Credit with a new Re-Employment Credit from 2028.
The final recommendation is to enhance the Workfare Income Supplement to boost lower-wage seniors' income and retirement adequacy, whilst updating the Progressive Wage Credit Scheme to help employers raise wages.
TWG-SE has consulted more than 1,000 stakeholders, including employers, industry, and union representatives, since July 2025 to review its senior employment strategy.
TWG-SE said the government has accepted all six recommendations and will work with tripartite partners and industry stakeholders on implementation. Further details are expected in the first half of 2027.