Enhanced support for retirement, inclusivity

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.