Those not from pioneer generation hope for help from govt in Budget 2014
- POSTED: 10 Feb 2014 21:42
NTUC Secretary-General Lim Swee Say said union leaders had received feedback from those who are not part of the pioneer generation, who hoped the government will also include some benefits for them in the upcoming Budget 2014.
SINGAPORE: Initial responses to preliminary details of the Pioneer Generation Package mentioned by Prime Minister Lee Hsien Loong on Sunday have been positive, said NTUC Secretary-General Lim Swee Say.
But Mr Lim added that union leaders had received feedback from those who are not part of the pioneer generation, who hoped the government will also include some benefits for them in the upcoming Budget 2014, which will be announced on February 21.
The pioneer generation has been defined as Singaporeans who will be 65 years or older by the end of 2014.
Mr Lim said requests received from a younger age group included enhanced CPF contributions by employers to boost their Medisave.
He elaborated: "The younger (age) group -- those in the 50, 55 (age group) -- I think two years ago, the government made the announcement, the commitment that over time, progressively we will restore their CPF contributions to be fully aligned with those that are less than 50 years old, because right now they are getting lower CPF contributions compared to the workers less than 50 years old."
The total CPF contribution is 36 per cent for those aged 50 and below, and the rate declines progressively for those above 50 years.