Progress Package Overview
 
1. Growth Dividends
2. Workfare Bonus
3. Utilities-Save, S&CC and Rental Rebates
4. Top-ups to CPF Special/Retirement & Medisave Accounts
5. Opportunity Funds
6. 40th Anniversary NS Bonus
7. How to Sign Up for your Progress Package


1. Share the Fruits of Growth with all adult Singaporeans—Growth Dividends

All adult Singaporeans will get Growth Dividends. Those who earn less or live in smaller homes will get more Growth Dividends. Close to half of adult Singaporeans will get $800.
 


2. Reward Low-Wage Workers for Work—Workfare Bonus
Low-wage Singaporeans aged 40 and above, living in homes with Annual Value of up to $10,000 can receive a Workfare Bonus if they are employees or self-employed persons engaged in regular work in 2005 and 2006. The Bonus will be paid in 2 portions of up to $600 each. 


3. Help Lower-Income Households with Living Expenses—Utilities-Save, S&CC and Rental Rebates
Lower-income households will get Utilities-Save (U-Save) rebates to help them cope with living expenses. They will also continue to enjoy Service & Conservancy Charges (S&CC) and rental rebates. Those living in smaller HDB flats will get more rebates.

HDB Flat TypeU-Save RebatesS&CC RebatesRental Rebates
1-room$2004 months3 months
2-room$2003 months1.5 months
3-room$1002 months-
4-room$801.5 months-
5-room$600.5 months-


4. Help the Elderly meet Retirement and Healthcare Needs—Top-ups to CPF Special/Retirement & Medisave Accounts
Singaporeans aged 50 and above in 2005 will receive top-ups to their CPF Special/Retirement and Medisave Accounts to help meet their retirement and healthcare needs.
The amount of CPF top-ups depends on your age and the Annual Value of your home as at 31 December 2005.

Age Annual Value of Home $6,000 or less Annual Value of Home more than $6,000 and up to $10,000 Annual Value of Home more than $10,000
50-59 $600 $400 $100
60 & above $800 $600

$200

Note: Half of the amount will go into the CPF Special/Retirement Account, the other half will go into the CPF Medisave Account.

5. Invest in the Next Generation—Opportunity Funds

Students from lower-income families will get more opportunities for enrichment and learning, such as the purchase of computers and reading materials, and overseas study trips. MOE schools, Junior Colleges/Centralised Institute, ITEs, Special Education schools and self-help groups (CDAC, Mendaki, SINDA and the Eurasian Association) will receive $50 million in total to create Opportunity Funds.


6. Recognise the Contributions of our NSmen—40th Anniversary NS Bonus
To mark 40 years of National Service (NS) and recognise the contributions of our national servicemen (NSmen), Singaporeans who are serving or have served their NS in the SAF, SPF and SCDF will get a one-off NS bonus.


NS status Amount
  • Full-time national servicemen (NSFs)
  • Operationally ready NSmen who have not completed their operationally ready national service (ORNS) training cycle
$100
  • NSmen who have completed their ORNS training cycle
  • NSmen who are above statutory age (i.e. 40 years old for non-officers and 50 years old for officers)
$400


7. How can I Sign Up for my Progress Package?
The Progress Package Scheme is closed.



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