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SINGAPORE – At Prudential Singapore, age is indeed just a number.
The insurance company has retired from the age of 62, where they want to retire, if at all.
Removal of the retirement age will also allow to fulfill their personal and financial aspirations, said the company, which enacted the new policy on Oct 1.
Prudential Singapore's chief executive Wilf Blackburn said that it is more likely that it will be 83.1 years, and is closing in on 100.
He noted that people who can not wait to get away from it, can not wait to get away from it.
A prolonged period of inactivity, Mr Blackburn said.
"With this in mind, we are in the process of becoming more effective and more productive." if they wish to retire at all, rather than specify a work expiry date, "Mr Blackburn said.
There are six people aged 62 and above in Prudential's employ, who are eligible for re-employment in the next five years, the firm said.
With the new policy, they continue to work on the same benefits – including medical – as all employees, Prudential said. They will still receive a payout anytime they choose to leave their jobs.
"There is a lot that businesses can gain from the experience and experience of the most mature employees. "Mr Blackburn said.
The company said it was ready for the first time, and that it was ready to be written on the ready for 100 report which "explores the readiness and aspirations of Singapore residents" to live to 100.
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