Extension of Matched Retirement Savings Scheme to Cover Seniors Aged Above 70

Debated in Parliament on 9 Jan 2024.

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Hazel Poa asked why the Matched Retirement Savings Scheme excludes seniors above 70 and whether there are plans to extend it to cover those still working.
The Minister for Manpower, Tan See Leng, responded that the scheme is set for enhancements as part of broader retirement adequacy measures announced in the National Day Rally and Forward Singapore report.
Specific details on the extension and other enhancements will be announced during the upcoming Budget 2024 and the Ministry of Manpower's Committee of Supply debate.

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Hazel Poa

Ms Hazel Poa asked the Minister for Manpower (a) why does the Matched Retirement Savings Scheme not cover seniors aged above 70; and (b) whether there are any plans to extend the scheme to cover seniors above 70, especially those who are still working.

Tan See Leng

As part of the retirement adequacy measures announced at the National Day Rally and in the Forward Singapore report, the Government will be enhancing the Matched Retirement Savings Scheme. Details will be announced at Budget 2024 and the Ministry of Manpower's Committee of Supply debate.

Summary written by AI (learn more)

Hazel Poa asked why the Matched Retirement Savings Scheme excludes seniors above 70 and whether there are plans to extend it to cover those still working.
The Minister for Manpower, Tan See Leng, responded that the scheme is set for enhancements as part of broader retirement adequacy measures announced in the National Day Rally and Forward Singapore report.
Specific details on the extension and other enhancements will be announced during the upcoming Budget 2024 and the Ministry of Manpower's Committee of Supply debate.

Questions identified by AI (learn more)

Extension of Matched Retirement Savings Scheme to Cover Seniors Aged Above 70 | PAPERCUTS

Extension of Matched Retirement Savings Scheme to Cover Seniors Aged Above 70

Debated in Parliament on 9 Jan 2024.

Summary written by AI (learn more)

Hazel Poa asked why the Matched Retirement Savings Scheme excludes seniors above 70 and whether there are plans to extend it to cover those still working.
The Minister for Manpower, Tan See Leng, responded that the scheme is set for enhancements as part of broader retirement adequacy measures announced in the National Day Rally and Forward Singapore report.
Specific details on the extension and other enhancements will be announced during the upcoming Budget 2024 and the Ministry of Manpower's Committee of Supply debate.

Questions identified by AI (learn more)

Full Transcript

Hazel Poa

Tan See Leng

Summary written by AI (learn more)

Hazel Poa asked why the Matched Retirement Savings Scheme excludes seniors above 70 and whether there are plans to extend it to cover those still working.
The Minister for Manpower, Tan See Leng, responded that the scheme is set for enhancements as part of broader retirement adequacy measures announced in the National Day Rally and Forward Singapore report.
Specific details on the extension and other enhancements will be announced during the upcoming Budget 2024 and the Ministry of Manpower's Committee of Supply debate.

Questions identified by AI (learn more)

Extension of Matched Retirement Savings Scheme to Cover Seniors Aged Above 70

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Questions Identified

Full Transcript

Hazel Poa

Tan See Leng

Summary

Questions Identified

Extension of Matched Retirement Savings Scheme to Cover Seniors Aged Above 70

Summary

Questions Identified

Full Transcript

Hazel Poa

Tan See Leng

Summary

Questions Identified