Extension of Earn and Save Bonus Component of Majulah Package to Self-employed Seniors

Mr Murali Pillai asked the Minister for Manpower (a) whether the Earn and Save Bonus component of the Majulah Package will be extended to self-employed seniors in addition to those in full-time and part-time employment; and (b) if so, what steps will be taken to guard against persons making false claims of self-employment for the purpose of getting the bonus.

The Ministry of Manpower and Ministry of Finance are finalising the details on the Majulah Package, including the eligibility criteria for Earn and Save Bonus and the Retirement Savings Bonus. More information will be announced in Budget 2024.