4.13 Improving the employability of older, low-wage workers is the second reason why we are doing this. Currently, employers pay the full 13% rate for all workers earning more than $50 per month. We will now phase in the employer CPF contributions for workers who are aged above 35, so that employers only pay the full new contribution rate of 14.5% at a monthly wage of $1,500. Again, the contribution rates for workers above 50 years old will be scaled down accordingly.
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