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Three in four older workers in Singapore don't intend to retire before 65; reasons include staying active, having purpose

Three in four older workers in Singapore have no intention of stopping work before they turn 65. ....

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86,000 Singapore employers have received wage offsets for hiring senior workers since 1 Jan '21

Minister for Manpower Dr Tan See Leng noted that this has benefitted 482,000 senior workers thus far, under the Senior Employment Credit scheme. ....

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Singapore to Increase Central Provident Fund Contributions From 2022

Singapore to Increase Central Provident Fund Contributions From 2022
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Budget debate at a glance: Transforming Singapore for a post-Covid-19 future

Here are 11 key themes which emerged.
1. Cushioning petrol duty hikes
As part of measures to shift towards a greener and sustainable Singapore for all generations, petrol duty rates will be raised by 15 cents per litre for premium petrol and 10 cents per litre for intermediate petrol.
The Government will set aside $113 million to provide rebates for petrol and petrol-hybrid vehicles, to ease the transition following the hike.
There will be a 15 per cent road tax rebate for owners of private cars for one year, and a 60 per cent rebate for those owning motorcycles. Owners of commercial vehicles will get a 100 per cent tax rebate for a year. ....

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MOM Committee of Supply 2021: Highlights for HR leaders to know

As part of priorities for this year, Minister Teo shared that the raise in retirement age and re-employment age will proceed as planned in July 2022; while from 1 May 2021, DP holders will require a valid work pass to work in Singapore. Full updates here.
Deeper aid for the hiring of locals to support rebound, help for every segment of the workforce to emerge stronger from the pandemic, and further support for business transformations - these are the three overarching priorities of Singapore s Ministry of Manpower (MOM) in 2021,
Manpower Minister Josephine Teo has announced.
In her speech at MOM s Committee of Supply (COS) 2021 yesterday (3 March), Minister Teo noted that these three priorities will cover not just the short-term concerns, but also the medium- and longer-term concerns in the country. She said: Digitalisation, remote work, widening income gaps and an ageing workforce will continue to challenge us. We must aim to overcome the crisis and help ev ....

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