More support may be needed for Singapore seniors who can no longer work
During this year’s National Day Rally speech, Prime Minister Lee Hsien Loong introduced the Majulah Package to support Singaporeans born in 1973 or earlier in their retirement and healthcare savings. The package will especially benefit lower- and middle-income ‘young seniors’ with the Earn and Save Bonus – incentivising Singaporeans to work.
However, two groups of seniors who may face difficulties staying employed: those who suffer from poor health and caregivers, and hence will miss out on these benefits.
Assistant Professor Rahul Malhotra, Deputy Director and Head of Research at the Centre for Ageing Research and Education at Duke-NUS Medical School and Dr Jeremy Lim-Soh, Research Fellow from the same Centre, shares how more support can be given to these two groups. For example, through preventive care strategies like Healthier SG to promote healthy ageing among Singaporeans, and to recognise caregiving as a form of work to provide caregivers with retirement safety nets.
Read more here.