It’s 50/50 if you live past 85, better odds than the integrated resorts will offer you.
“If it is the tight labour market that’s pushing the participation up, then when the tight labour market goes, will companies then push out older workers? And the older workers will again be in the same situation as in a couple of years ago,” questioned Stephen Lee, president of the Singapore National Employers’ Federation (SNEF).
“The few important things people continue to talk about is, can I believe that there is a 50 percent chance of living beyond 85. That’s one of the most fundamental issue, because once they don’t believe that, the whole scheme is nonsense. So that is the very important part of our work – how to let people know that this is a fact and not a fiction,” explained Professor Lim, who chairs the National Longevity Insurance Committee.
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