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Enhanced support for retirement, inclusivity

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Mindy Tan

Mindy Tan

Published Tue, Feb 18, 2020 · 09:50 PM

    Singapore

    THE government is helping seniors increase their retirement savings through the introduction of a Matched Retirement Savings Scheme and adjustments to the Basic Retirement Sum (BRS).

    Lower to middle-income Singaporeans aged 55 to 70 who have not been able to set aside the prevailing BRS in their Central Provident Fund (CPF) will be eligible for the new scheme, said Deputy Prime Minister and Finance Minister Heng Swee Keat on Tuesday.

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    Singapore Budget 2020

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