Guilty of 1, 2, 7. (Without fixing those, the others aren't possible.)
Not everyone found a land of plenty. Many of us struggled just to survive. I was telling one of my sisters recently that less than twenty years ago, I stopped eating instant ramen noodles as a 2-3x/day meal because I suddenly could afford real food.
Singapore has implement a re-employment law, where older workers past the statutory retirement age is offered employment under different terms. But it is still a work in progress as this long article shows.
Some companies obey the letter but not the spirit of the law, while some workers expectation of seniority pay leads to mismanaged expectations when offered re-employment.
Singapore think-tank, the Institute of Policy Studies (IPS), releases a study saying that contribution rates for older workers to the Singapore Central Provident Fund (CPF) should be increased to improve their retirement adequacy.
After listening tell me what Siemens' downsizing of 15k really means: how many will be #moved to other areas, how many will "accept" a partial #retirement model or redundancy #pay ?