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Singapore Power

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Pre-retirement Planning

Singapore Power (SP) Group is a leading energy utility company in the Asia Pacific. With assets of S$26.3 billion as at end March 2009, it is one of the largest corporations in Singapore. SP owns and operates electricity and gas transmission and distribution businesses and provides energy market support services in Singapore and Australia.

SP has a workforce of over 2,700 employees in Singapore, and nearly 56% are mature and older employees (aged 40 years old and above). A strong advocate of re-employment of older employees, it signed the Employers’ Pledge of Fair Employment Practices in 2008.

The HR policies of the company include pre-retirement job counselling and employability (capacity building), along with a comprehensive range of workplace health programmes, performance-based total reward system, quality life programmes and more.

Programmes such as Turning Point in Life have been rolled out to help employees aged 59 and above prepare for retirement and equip them with the know-how to remain socially active, and deal with financial and insurance matters.