| The Singapore Allowance is a flat
rate supplemental payment made monthly to pensioners
receiving a gross pension below a specified ceiling.
The Allowance is currently set at $130 per month with
the gross pension ceiling at $900 per month. There are
currently 16,859 pensioners residing in Singapore, of
which 11,827 or 70 per cent enjoy the benefit of the
Singapore Allowance.
The Singapore Allowance was last revised
in 1993. From 1 August 1997, we will increase the Singapore
Allowance by $10 per month to $140 per month, and also
the gross pension cap from $900 to $950 per month.
The revised Singapore Allowance will
increase the Government's pension bill of $662 million
by about $1.84 million per year. |
