Story perspectives

Canada and Singapore Raise Retirement Ages for Financial Stability

11/9/2025

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Summary

Story summary

Canada is shifting the retirement age to 67–70 and adjusting OAS and the Canada Pension Plan to encourage delayed benefits, including enhanced deferral bonuses and stricter OAS income testing.
Singapore will raise the retirement age from 63 to 64 in 2026, with a long-term goal of 65 by 2030.
The changes aim to improve retirement adequacy and workforce retention.
Both countries emphasize proactive financial planning as retirement becomes more flexible.

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Story summary

Canada is shifting the retirement age to 67–70 and adjusting OAS and the Canada Pension Plan to encourage delayed benefits, including enhanced deferral bonuses and stricter OAS income testing.
Singapore will raise the retirement age from 63 to 64 in 2026, with a long-term goal of 65 by 2030.
The changes aim to improve retirement adequacy and workforce retention.
Both countries emphasize proactive financial planning as retirement becomes more flexible.