Committee of Supply 2023 debate, Day 4: Yip Hon Weng on enhancing retirement adequacy
Singapore must continue to make progress towards improving retirement adequacy and senior employability, said MP Yip Hon Weng in Parliament on Wednesday (Mar 1). He asked how the Ministry of Manpower (MOM) will help certain segments of the population, such as senior workers in low-wage and casual jobs who do not have sufficient CPF funds, to address their retirement adequacy. He also wanted to know how MOM will ensure that companies continue to retain their senior workers, given the increase in the senior worker CPF contribution rate.
Singapore must continue to make progress towards improving retirement adequacy and senior employability, said MP Yip Hon Weng in Parliament on Wednesday (Mar 1). He asked how the Ministry of Manpower (MOM) will help certain segments of the population, such as senior workers in low-wage and casual jobs who do not have sufficient CPF funds, to address their retirement adequacy. He also wanted to know how MOM will ensure that companies continue to retain their senior workers, given the increase in the senior worker CPF contribution rate.
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