Working Hours in Singapore
In Singapore, the standard working week is 44 hours, which is usually spread over five or six days. The number of working hours per day should not exceed eight hours.
Overtime work is allowed in Singapore, and employees who work beyond their normal working hours are entitled to overtime pay. The rate of overtime pay is usually 1.5 times the normal hourly rate.
Employment Rights and Benefits in Singapore
Singapore has a range of employment rights and benefits in place to ensure that workers are treated fairly and with respect. Some of the key employment rights and benefits in Singapore include:
Employees in Singapore are entitled to at least seven days of paid annual leave per year. This entitlement increases to 14 days after one year of service, and then increases gradually with each additional year of service.
Employees in Singapore are entitled to 14 days of paid sick leave per year. During this period, the employee is entitled to full pay.
Female employees in Singapore are entitled to 16 weeks of paid maternity leave. This leave can be taken before or after the birth of the child.
End-of-service benefits are payments made to employees at the end of their employment contract. The amount of the payment is usually based on the length of service and the employee’s salary.
Pensions are not mandatory in Singapore, but employers are encouraged to provide their employees with a pension scheme. The schemes are usually based on a defined contribution plan, where both the employer and employee contribute to the pension fund.
Pensions for Expats in Singapore
Expats who work in Singapore may be eligible for a pension if their employer provides a pension scheme. The schemes are usually based on a defined contribution plan, where both the employer and employee contribute to the pension fund.
Expats who have worked in Singapore for at least three years may be eligible for a Central Provident Fund (CPF) account. The CPF is a mandatory savings scheme for Singaporean citizens and permanent residents, and it provides retirement, healthcare, and housing benefits.
Retirement Age in Singapore
The retirement age in Singapore is currently 62 years, but it will be increased to 63 years in 2022 and to 65 years by 2030.
It is important to note that the retirement age may change in the future, depending on the economic and demographic circumstances in Singapore.
Singapore offers a range of employment terms and conditions in place to ensure that workers are treated fairly and with respect. From annual leave to sick leave and pensions, Singaporean law ensures that employees are provided with adequate benefits.
Expats who work in Singapore may be eligible for a pension if their employer provides a pension scheme or if they have worked in Singapore for at least three years and are eligible for the CPF.
The retirement age in Singapore may change in the future, and it is important for individuals to plan for their retirement accordingly, whether through a pension scheme provided by their employer, the CPF, or a private pension scheme.
Overall, Singapore offers a range of employment terms and conditions that are designed to protect workers and ensure that they are treated fairly. Expats who work in Singapore can expect to receive similar benefits to Singaporean nationals, and it is important for them to understand their entitlements and obligations under Singaporean employment law.