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S$8b package unveiled for Merdeka Generation

It will benefit Singaporeans born in the 1950s; it will also be extended to those who missed out on Pioneer Generation Package if they became citizens by 1996

Published Mon, Feb 18, 2019 · 09:50 PM

Heng Swee Keat

Singapore

A S$8 billion package was unveiled on Monday to thank the generation born here in the 1950s - or became citizens by 1996 - for its contributions to Singapore.

"The Merdeka Generation Package (MGP) is a gesture of our nation's gratitude for their contributions and a way to show care for them in their silver years," Finance Minister Heng Swee Keat said on Monday when he delivered the government's latest Budget Statement. "It will provide them better peace of mind over future healthcare costs, while helping them to stay active and healthy."

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