Eligibility Criteria of the Majulah Package
19 Sep 2023Parliamentary Question by Ms Denise Phua Lay Peng:
To ask the Deputy Prime Minister and Minister for Finance whether the Majulah Package for Singaporeans can be modified to include items for which only age, and not housing type and income, form the eligibility criteria.
Parliamentary Question by Mr Edward Chia Bing Hui:
To ask the Deputy Prime Minister and Minister for Finance whether the Majulah Package can be amended to encompass elements where sole age-based qualifications are applicable, excluding considerations of housing category and income.
Parliamentary Reply by Senior Minister of State for Finance, Mr Chee Hong Tat:
Mr Speaker, may I have your permission to answer Questions 8 and 9 together.
Sir, the Majulah Package is meant to boost the retirement and healthcare adequacy of Singapore citizens who were born on 31 December 1973 or earlier.
The key segments we want to help are the “young seniors” who are now in their 50s and early 60s. They have benefitted from Singapore’s economic growth and our investments in education, healthcare, and social security. Hence, we have designed the Majulah Package to provide more support to those with lower incomes and less wealth.
Nevertheless, we recognise that there may be concerns that are common to all Singaporeans within this group. MOF will therefore consider the suggestions by Ms Phua and Mr Edward Chia as we finalise the parameters of the Majulah Package.
Details on the Majulah Package will be announced in Budget 2024.
To ask the Deputy Prime Minister and Minister for Finance whether the Majulah Package for Singaporeans can be modified to include items for which only age, and not housing type and income, form the eligibility criteria.
Parliamentary Question by Mr Edward Chia Bing Hui:
To ask the Deputy Prime Minister and Minister for Finance whether the Majulah Package can be amended to encompass elements where sole age-based qualifications are applicable, excluding considerations of housing category and income.
Parliamentary Reply by Senior Minister of State for Finance, Mr Chee Hong Tat:
Mr Speaker, may I have your permission to answer Questions 8 and 9 together.
Sir, the Majulah Package is meant to boost the retirement and healthcare adequacy of Singapore citizens who were born on 31 December 1973 or earlier.
The key segments we want to help are the “young seniors” who are now in their 50s and early 60s. They have benefitted from Singapore’s economic growth and our investments in education, healthcare, and social security. Hence, we have designed the Majulah Package to provide more support to those with lower incomes and less wealth.
Nevertheless, we recognise that there may be concerns that are common to all Singaporeans within this group. MOF will therefore consider the suggestions by Ms Phua and Mr Edward Chia as we finalise the parameters of the Majulah Package.
Details on the Majulah Package will be announced in Budget 2024.