Government studying roll-out of CAYE Medisave scheme to private sector: Tan See Leng

Singapore

THE Singapore government is studying if its Contribute-As-You-Earn (CAYE) scheme can be extended to the private sector, following an "encouraging take-up" in the public sector, according to Minister for Manpower Tan See Leng.

The scheme, which was rolled out in the public sector last year, allows freelancers or self-employed persons (SEPs) to make small and regular contributions to their Medisave accounts from the work they are contracted.