[Tee tiong huat]

Changes to the Retirement and Re-employment Act represent official acknowledgement that most current white collar work is knowledge or technology based. Employees are theoretically able to continue their careers well into their sixties. Even though the Govt has long acknowledged the problem of ageism in S'pore, it has maintained that introducing anti-discriminatory laws could increase business costs and undermine our economic competitiveness.

Thk to old LKY & wife.

And thk to old his DPM Goh...

[Tee tiong huat]

For 2025 apply for PTV $60 per household. Go to local CC to apply. What's PTV?. Public Transport Voucher.

[Tee tiong huat]

Think is go for old folks, even if pass 69 years. If they are V.healthy walk and walk...walk. is good.

https://www.webmd.com/vitamins/ai/ingred...pu-erh-tea

[Tee tiong huat]

HDB resale prices rose 9.6% in 2024, with price growth slowing in Q4. 

S'PORE – Prices of Housing Board resale flats rose 9.6% in 2024 – quicker pace than 4.9% increase recorded in 2023. Resale prices risen continuously on a quarterly basis since 2nd quarter 2020.2 Jan 2025
https://www.straitstimes.com › hdb...
HDB resale prices rose 9.6% in 2024, with price growth slowing in Q4

[Tee tiong huat]

Spore govt: Has implemented a number of changes in 2025, including: CPF contributions The contribution rate for senior workers aged 55–65 increased by 1.5% from January 1, 2025. Monthly salary ceiling for CPF also increased to $7,400 from January 1, 2025.

Special Account (SA) closure 
The SA for CPF members aged 55 and above was closed from the second half of January 2025. Savings from the SA were transferred to the Retirement Account (RA) or Ordinary Account.

The ERS increased to 4-times Basic Retirement Sum (BRS) from January 1, 2025. Matched Retirement Savings Scheme (MRSS). Matching grant cap increased to $2,000 per year & the age cap was removed from January 1, 2025.

Silver Support Scheme
Quarterly payments increased by 20% to keep pace with rising costs and salaries. Workfare Income Supplement Scheme. The qualifying income cap increased from $2,500 to $3,000.

Property Tax
A one-off rebate of up to 20%, capped at $1,000, was provided for all Owner-Occupied residential properties in 2025. The rebate was automatically offset against any Property Tax payable.
S Pass eligibility.

The qualifying salaries and levies for S Pass holders will continue to be raised. (This want I think is not for us, but for boss & company).

About 850,000 older Singaporeans to receive cash under Assurance Package Seniors’ Bonus.
Singaporean who do not own more than one property, must be living in properties with an annual value of up to $31,000, & w/an assessable income not exceeding $34,000, said Ministry of Finance on Jan 15. 

1) Seniors can get payouts from Feb 5, 2025, via PayNow-NRIC. To do so, they would need to link their NRICs to PayNow through their banks.

2) They can also provide their bank account info at govbenefits website. (govbenefits.gov.sg) Jan 27 & get cash benefits via Giro from Feb 13.

3) Without PayNow-NRIC-linked bank accts or valid bank accounts will receive their cash benefits later, via GovCash.

Every aged 20 years & below, or S'porean 
above 55 years and above, will also get an AP MediSave top-up of $150 in their Central Provident Fund (CPF) accounts.

[Tee tiong huat]

About 850,000 older Singaporeans to receive cash under Assurance Package Seniors’ Bonus.
Singaporean who do not own more than one property, must be living in properties with an annual value of up to $31,000, & w/an assessable income not exceeding $34,000, said Ministry of Finance on Jan 15. 

1) Seniors can get payouts from Feb 5, 2025, via PayNow-NRIC. To do so, they would need to link their NRICs to PayNow through their banks.

2) They can also provide their bank account info at govbenefits website. (govbenefits.gov.sg) Jan 27 & get cash benefits via Giro from Feb 13.

3) Without PayNow-NRIC-linked bank accts or valid bank accounts will receive their cash benefits later, via GovCash.

Every aged 20 years & below, or S'porean 
above 55 years and above, will also get an AP MediSave top-up of $150 in their Central Provident Fund (CPF) accounts.

https://www.straitstimes.com/singapore/a...iors-bonus

[Symmetry]

The Govt has to make sure that there are safe white collar jobs for the older generation so that they can work longer. MOM needs to list the 15 or 20 jobs that those 60 years old cannot be employed for.

[Cmpunk]

https://youtu.be/oSlcYSRCbfw?si=aLgLrn3_7TivQ6a1

But he can do it

[Cmpunk]

https://youtu.be/TBBrC113Gl4?si=B6oou0het8G_aVbI

She can do it

[Tee tiong huat]

https://www.straitstimes.com/singapore/p...eme-portal

[Sharexchange]

64 old i going to start a business with no rental.

[Scythian]

By raising the retirement age to 64 will encourage more seniors and elderly to stay working and hopefully, will reduce the numbers of elderly dying alone in HDBs.

Its ok if they were died in the office.

[Scythian]

"Elderly couple who lived on their own in Jurong flat found dead together"
https://www.straitstimes.com/singapore/e...20together

[watchfirst9]

"Elderly couple who lived on their own in Jurong flat found dead together"
https://www.straitstimes.com/singapore/e...20together

sg follow ozie 

challenger.com.au/individual/interested-in/getting-ready-for-retirement/what-is-the-retirement-age-in-Australia
What is the retirement age in Australia? - Challenger
27 Jun 2024 ... This is the age you qualify to receive Government Age Pension benefits. The current Age Pension age is 67 and has been gradually increasing as ...


https://en.wikipedia.org/wiki/Retirement_age


OECD you can only say Czech S kor are lower than Sg.

[[[ForeverAlone]]]

China folks their elderly already happy retire before 70s Liao . Those still work partly due to their own business like hawker or farmers.

[Scythian]

Fresh graduate cannot find jobs, and with increasing retrenchment, why Govt raise retirement age to 64?

[Tee tiong huat]

This is what outside happening this moment in U.S.A just moment ago lehh., while we all of us is watching on our hand hp, all is about war, flood, Trump and his hopes for peace in this world.  Heart Tongue.

Updates: Trump signs slew of executive actions after being sworn in. Rotfl


9:19 PM: Mon Jan 20, 2025 in U.S.A., Trump in Oval Office signing executive orders.  Big Grin

• Trump signs executive actions: Trump signed a series of executive actions Monday, included revoking 78 of Joe Biden’s policies, hours after officially becoming the 47th president of U.S.A

Other actions signed today aimed at prompting immigration crackdown as well as US withdrawal from Paris Climate Agreement & the World Health Organization. (WHO?). crying

• Pardons for January 6 rioters: Tongue Rotfl Trump on Monday pardoned US Capitol rioters, he pardon cover more than 1,500 people, which would appear to cover nearly everyone charged since attack on January 6, 2021. He also commuted sentences of Oath Keepers & Proud Boys who were convicted of seditious conspiracy.

• TikTok gets 75-day extension:
Trump signed an executive action to delays enforcement of TikTok ban for 75 days. The law gives he (president) broad discretion on how to enforce ban, but TikTok’s ultimate fate in America remains in doubt???. Thinking

[Tee tiong huat]

This is what outside happening this moment in U.S.A just moment ago lehh., while we all of us is watching on our hand hp, all is about war, flood, Trump and his hopes for peace in this world.  Heart Tongue.

Updates: Trump signs slew of executive actions after being sworn in. Rotfl


9:19 PM: Mon Jan 20, 2025 in U.S.A., Trump is in Oval Office signing executive orders.  Big Grin

• Trump signs executive actions: Trump signed a series of executive actions Monday, included revoking 78 of Joe Biden’s policies, hours after officially becoming the 47th president of U.S.A

Other actions signed today aimed at prompting immigration crackdown as well as US withdrawal from Paris Climate Agreement & the World Health Organization. (WHO?).

• Pardons for January 6 rioters: Tongue Rotfl Trump on Monday pardoned US Capitol rioters, he pardon cover more than 1,500 people, which would appear to cover nearly everyone charged since attack on January 6, 2021. He also commuted sentences of Oath Keepers & Proud Boys who were convicted of seditious conspiracy.

• TikTok gets 75-day extension:
Trump signed an executive action to delays enforcement of TikTok ban for 75 days. The law gives he (president) broad discretion on how to enforce ban, but TikTok’s ultimate fate in America remains in doubt???. Thinking  & many more.

https://www.cnn.com/politics/live-news/t...index.html

[Tee tiong huat]

This is what outside happening this moment in U.S.A just moment ago lehh., while we all of us is watching on our hand hp, all is about war, flood, Trump and his hopes for peace in this world.  Heart Tongue.

Updates: Trump signs slew of executive actions after being sworn in. Rotfl


9:19 PM: Mon Jan 20, 2025 in U.S.A., Trump in Oval Office signing executive orders.  Big Grin

• Trump signs executive actions: Trump signed a series of executive actions Monday, included revoking 78 of Joe Biden’s policies, hours after officially becoming the 47th president of U.S.A

Other actions signed today aimed at prompting immigration crackdown as well as US withdrawal from Paris Climate Agreement & the World Health Organization. (WHO?). crying

• Pardons for January 6 rioters: Tongue Rotfl Trump on Monday pardoned US Capitol rioters, he pardon cover more than 1,500 people, which would appear to cover nearly everyone charged since attack on January 6, 2021. He also commuted sentences of Oath Keepers & Proud Boys who were convicted of seditious conspiracy.

• TikTok gets 75-day extension:
Trump signed an executive action to delays enforcement of TikTok ban for 75 days. The law gives he (president) broad discretion on how to enforce ban, but TikTok’s ultimate fate in America remains in doubt???. Thinking

Trump not O/OK, but also launches his promised deportation program on 1st day in office.

[Tee tiong huat]

Trump not O/OK, but also launches his promised deportation program on 1st day in office.

Thus is what is happening in U.S.A. night.  on their times...
https://www.livenowfox.com/news/trump-la...am-1st-day

[Tee tiong huat]

Fresh graduate cannot find jobs, and with increasing retrenchment, why Govt raise retirement age to 64?

May here is this, above as follow, maybe in this can find some info...?.  hope is help abit 
https://www.businesstimes.com.sg/wealth/...nt-closure

[Tee tiong huat]

Over past mth's, as S'poreans above 55 years old prepare for all eventuality, and many others too has received many questions about what one can or should do with their CPF money...as well as many others ???. I think S'pore PM can come up with some answer to some for those question in S'porean folk mind.

[Tee tiong huat]

Something in Foreign workforce info.

Dependency Ratio Ceiling (DRC) will decrease fm 77.8% >75%. 1 employee local =to 3-Workers Permit Holders (WPHs). Levy for WPHs will increase $400 to >$500 for "Basic Skilled"

R2 WPHs, $300 to $350 for "Higher Skilled" R1 WPHs.

Employment Pass (EP) qualifying salary for new EP applications will increase least $5,600, at least $6,200 for financial service, this'll renewal of EPs are expiring fm Jan 1, 2026.

Changes r part of a strategy to adjust S'pore's retirement & re-employment framework to help S'porean population.

[EvertonDiehard]

How many PMEs get to retire at 64? Many of my ex-classmates started getting retrenched in their 40s; many fell off the cliff, and ended up being underemployed as insurance/real estate agents, MLM salespeople, PHV drivers, cabbies, private tutors or gig workers. Meanwhile, foreign PMEs can be seen in all sectors, including Finance, IT, sales, marketing, HR etc.  

[Tee tiong huat]

Then why you kow peh they raise the retirement age, means you can work longer ... this also kow peh that also kow peh ... what you want? Money grow on tree hah ... go work lah

Some or there, younger workers is complaining lehh. They hope to have is what is in their mind, want to have is money$...and maybe easy or easier career in their work if can lehh.

[Tee tiong huat]

How many PMEs get to retire at 64? Many of my ex-classmates started getting retrenched in their 40s; many fell off the cliff, and ended up being underemployed as insurance/real estate agents, MLM salespeople, PHV drivers, cabbies, private tutors or gig workers. Meanwhile, foreign PMEs can be seen in all sectors, including Finance, IT, sales, marketing, HR etc.  

They have their up and down in life lehh, very one had....many still may still want to be like in this old day.

[EvertonDiehard]

Some or there, younger workers is complaining lehh. They hope to have is what is in their mind, want to have is money$...and maybe easy or easier career in their work if can lehh.

Youngsters want to be like their parents who own a landed home and car on a salary back in the 1960s and 70s. 

[Tangsen]

Some or there, younger workers is complaining lehh. They hope to have is what is in their mind, want to have is money$...and maybe easy or easier career in their work if can lehh.

Thats why we end up with more hungry foreign traxhes

[Tee tiong huat]

They have their up and down in life lehh, very one had....many still may still want to be like in this old day.

While...here another offer coming... Rotfl Clapping
https://gsfk.org/400-950-cash-deposit-coming/

This is a Majulah Package worth around sgd$9 billion. Package will benefit about 1.6 million Singapoeans.

[Tee tiong huat]

Some or there, younger workers is complaining lehh. They hope to have is what is in their mind, want to have is money$...and maybe easy or easier career in their work if can lehh.

Here...PM Wong offer another Package.

Approximately SGD-1B R allocated by S'pore & payment deposition will be done under 2-payouts. A gen payout & a special paycheck. In Feb 25, general payment of $S600 was deposited & special check $S200 was deposited. All new payout amounts,

main objective of the payouts is to assist seniors financially. The cash deposits received by eligible claimants are $S400 to $S850 & additional payout issued to hse- hold is $S600,  qualifiy claimants'll be issued paychecks of $S600 to $S900 under (AP). Assurance Payment for Senior Bonus. Furthermore, an adult S'porean aged 21 or above'll receive cash payouts of $$700 to $S2,250 - 5 yrs (2022 to 2026), provided if meet eligibility norms.

Dividend Payout Date
DBS, SIA, OCBC, UOB, SGX Dividend Payout Date 2025: When is it coming?. To receive the payout of $S600 to $S900, claimant’s annual income must not exceed $S34,000, & age must be @least 55 years. The schedule and disbursement are described below:

Annual Income Up to $S2100 Above $S2100
Disbursement Period Age above 64 Age between 55 and 64 Age above 65 Age between 65 and 64
February 2025 $S300 $S250 $S200 $S200
February 2025 $S300 $S250 $S200 $S200
It is important to note that the annual value of a family must be $S2100. The claimants are not eligible for benefits with property tax returns who have more than one residency.

Govt Payout Eligibility
This segment will discuss the eligibility norms for Government Payouts, which are as follows:
The claimants must provide Singapore identity cards and residential proof by paying tax returns.
The annual income of applicants must not exceed the $S34,000.

The applicants must pay property tax for only one residency. It must not be more than one residency. $500 Public Assistance Singapore
Singapore $500 Public Assistance Coming This Week: Eligibility, Payment Dates. These are certain required eligibility norms. For detailed descriptions,  beneficiaries are advised to log in to e-services.

Govt Payout Support Schemes: This segment will discuss the Govt Payout Support Schemes, which are as follows: Clapping Thumbs_up Big Grin

Assurance Package – Assurance Package is provided to low & middle-income citizens to cushion effect of the 2% escalated rate of GST. It involves payment for low-income seniors, community development council vouchers,
MediSave top-ups for seniors & children & more.
GST Voucher Scheme – GST Voucher Scheme was launched to assist low-income households. It comprises MediSave for seniors for healthcare assistance, Cash urgent financial requirements, U-Save for essential bills & more. In 2025, GST Voucher increased SGD 360 to SGD 400. Big Grin

Silver Support Scheme – Silver Support Scheme was launched to offer financial aid to low-income citizens during their working span & retirement. In 2025, amount provided increased from SGD 300 per quarter to SGD 360 per quarter.  Big Grin
Workfare Income Supplement – Workfare Income Supplement provides cash payments & additional CPF contributions to encourage eligible workers to build up their CPF savings. In 2025, amount increased SGD 3,200 to SGD4,000 annually. For detailed info regarding support schemes, candidates must visit the official website of the Govt of Singapore.

All We Know: Through payouts, the Govt aims to mitigate impact of inflation & cost of living.  Applicants can claim form online or can contact the higher officials. Applicants must adhere to govt guidelines during claim form. Recipient will receive payment amount directly into their bank acct. Notification letter of payment will be issued to eligible beneficiaries. In case of any error, beneficiaries must contact higher officials who provide guidance, resolve on issue. Further info, visitors must stay tuned to official web portal of S'pore govt. Confused To this>>>if need, read payout-related articles, frequently visit govt website.