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In this chart,it shows that they are comparing two different category of ages.The blue colour is citizens aged 20-64 and the red colour is citizens aged 65 and older.

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Such as
1)Transport – Senior Citizen Concession Card (>60 years old)
this will give elderly  discounted prices on buses, MRT and LRT, and application starts when one turns 60 years old. The card is valid up to 5 years. paying a minimum travel value of $10 and a personalisation fee of $3. Moreover, this card allows senior citizens to have a longer period of time to cross certain traffic junctions once you tap this card
2)Discount when shopping for daily necessities – NTUC Fairprice (>60 years)
Singaporeans and PR aged 60 years and above will get 2% discount when they shop on Tuesday, and this has been in effect since 2002!
SOURCE: http://www.cheaponana.com/2014/06/5-benefits-of-being-a-senior-citizen/

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Between 1965 and this year, Singapore’s population grew from 1.9 million to 5.5 million. However, the number of citizens aged 65 and above is increasing rapidly, as population growth slows. The size of this group of citizens doubled from 220,000 in 2000 to 440,000 today, and is expected to increase to 900,000 by 2030.

Last year, the total population here grew by 1.3 per cent — its slowest pace since 2005, while total fertility rate continued to fall despite the Government’s incentives and encouragement, said the Prime Minister.

As a result, there has been a rise in “sandwiched” families, where two or fewer working adults are supporting both younger and elderly dependants. There is also more demand for healthcare and social services, Mr Lee said.

The Government has responded by helping seniors “age well and live fulfilling lives” through home ownership and good healthcare, for instance.

Other policies such as the Central Provident Fund and Silver Support Scheme, which provides permanent handouts to eligible seniors, are also in place to provide them with a good foundation for retirement, said Mr Lee.

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As more Singaporeans retire and fewer young Singaporeans enter the workforce, our citizen workforce will start to shrink 

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As more Singaporeans retire and fewer young Singaporeans enter the workforce, our citizen workforce will start to shrink 

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This will have implications on our economic growth. Productivity growth measures the growth in output produced by each worker. Productivity growth is driven by two main factors: capital and innovation. A rapidly ageing workforce, if not managed well, may lead to a lower level of innovation. Evidence from high-income OECD countries suggests that the median age of the population is negatively correlated with total factor productivity, a measure of productivity growth associated with higher innovation and improving technology. - SOURCE:br.com.sg/hr-education/commentary/economic-impact-ageing-singaporean-workforce#sthash.NUMmV484.dpuf

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Singaporeans are living longer and not having enough babies to replace themselves which also leads to the ageing populations has fewer working citizena supporting the growing pool of elderly.These will be in demand by a growing number of Singaporeans with those aged 65 and above forming 11.7 per cent of the citizen population this year up from 7.8 per cent in 2002

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What Did The Government Do To Help Retired Elderly?

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What Did The Government Do To Help Retired Elderly?

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Government ensured various social schemes to help the retired elderly;
1)MEDISAVE
it is used to pay for their future personal or immediate family member's hospitalisation and certain outpatient expenses incurred at any hospital in Singapore.
2)ENHANCEMENT for ACTIVE SENIORS
this programme is part of the Home Improvement Programme (HIP), offered from JULY 2012. Through this EASE programme, seniors can enjoy subsidies up to 95% to install improvement items such as grab bars and slip-resistant bathroom floors to make it more elderly-friendly.
3)PIONEER GENERATION PACKAGE
pioneer  can enjoy benefits that includes special subsidies for MediShield Life premiums, annual top-ups and additional  50% off subsidized services and medication at the polyclinics and Specialist Outpaitent Clinics in public hospital.

SOURCE:https://www.gov.sg/news/content/7-ways-the-government-is-helping-seniors

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Do The Elderly Have A Proper HealthCare After Retirement

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Do The Elderly Have A Proper HealthCare After Retirement

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The answer is yes.The elderly can use their Medisave or Medishield to pay up their bills at any hospital in Singapore but they are not able to use it at the clinic or any clinic as the Medisave and Medishield is specific only for the hospitals.

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Can Elderly Still Be Employed After Their Retirement Age?

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Can Elderly Still Be Employed After Their Retirement Age?

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Since 2012, employers have been required to offer re-employment to eligible workers from when they retire at 62 to when they turn 65, or at the very least give them one-off payments if they cannot re-hire them.
Older workers can also be re-employed by a different company, provided the workers agrees to the transfer and the new employer fully embraces their re-employment obligations