Committee of Supply 2024 debate, Day 4: Yip Hon Weng on enhancing wage support and retirement
The recent Forward Singapore initiatives such as the Majulah Package and increased Enhanced Retirement Scheme payouts are commendable steps towards strengthening retirement adequacy and Singapore’s social compact, said MP Yip Hon Weng in Parliament on Monday (Mar 4). He wanted to know how these changes and initiatives translate to tangible benefits for citizens, especially those who require more support. He also asked the Manpower Minister to elaborate on plans to review and potentially adjust the Silver Support Scheme payout to reflect evolving needs.
The recent Forward Singapore initiatives such as the Majulah Package and increased Enhanced Retirement Scheme payouts are commendable steps towards strengthening retirement adequacy and Singapore’s social compact, said MP Yip Hon Weng in Parliament on Monday (Mar 4). He wanted to know how these changes and initiatives translate to tangible benefits for citizens, especially those who require more support. He also asked the Manpower Minister to elaborate on plans to review and potentially adjust the Silver Support Scheme payout to reflect evolving needs.
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