Low income seniors who qualify for the Silver Support Scheme will get letters from the Government starting tomorrow, the Ministry of Manpower said yesterday. Some 140,000 elderly citizens will have the money deposited in their bank account or receive a cheque posted to their home address, a ministry spokesman said. 'Payouts will reach all recipients by the end of the month,' he added.
Silver Support is targeted at the bottom 20 per cent of Singaporeans aged 65 and above, with a smaller degree of support extended to cover up to 30 per cent of seniors. It gives them a cash supplement of between $300 and $750 every three months based on flat type, lifetime wages and household support.
The first payout is a double payment covering six months from April to September. Subsequent payouts will be made every three months, from September. The scheme was announced by Prime Minister Lee Hsien Loong at the National Day Rally in 2014 and Finance Minister Heng Swee Keat gave details at this year's Budget speech in March. The Silver Support scheme was designed to automatically include those who are potential beneficiaries for scheme.
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