| 4.11 Fourth, we will top up the CPF
accounts of older Singaporeans. This group has made
many contributions to building today’s Singapore.
Now, many of them are doing less well as they have lower
skill levels, earn less, and have more difficulty finding
new jobs when they lose their existing jobs. The deeper
cuts in the CPF contribution rate for those aged 50
to 55 will also have an impact on the retirement finances
of this group.
4.12 To help older Singaporeans aged 50 and above
save more for their retirement needs, I will top up
the CPF Special or Retirement Accounts of Singaporeans
aged 50 and above by $100. This will cost the Government
$80 million.
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