Eligible Singaporeans will not need to apply for the Silver Support Scheme - for those aged 65 or older - when it is launched this year, as they will receive their quarterly cash payments automatically.
The scheme, to help cash strapped retirees cope with living expenses, is the latest to join the growing list of financial help programmes in which recipients are automatically included. The Silver Support Scheme was first announced by Prime Minister Lee Hsien Loong at the National Day Rally in August 2014.
When the law was passed to implement the scheme last August, Manpower Minister Lim Swee Say said in Parliament that about 150,000 Singaporeans will receive a quarterly payout of $300 to $750 this year.
Mr Lim had said in Parliament previously that the Government will consider factors such as lifetime wages, the level of household support and housing type to determine if a person qualifies. The scheme is one of the most highly anticipated progammes of the Budget, which will be unveiled next week.
Thoughts:
- Direct cash transfers to those who did not earn much previously. Just thinking will this set in motion the entitlement mindset...
Thoughts anyone?
Yours,
Something Small Thinking Big
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