The Manpower Minister has urged the party to engage with seniors to re-enter the workforce.
Manpower Minister Tan See Leng greeting attendees at a lunch hosted by the PAP Seniors Group in commemoration of the International Day of Older Persons on Sept 28.
He was speaking to more than 250 People’s Action Party activists and partners on Sept 28 at a lunch hosted by the PAP Seniors Group in commemoration of the International Day of Older Persons, held at the Grand Copthorne Waterfront. Said Dr Tan: “Work will give seniors a sense of purpose and help them stay connected to society. They can work at a tempo that is suitable for them.”This will provide options for seniors who want to continue working, but at a lower intensity.The Workplace Fairness Legislation, which Dr Tan said he aims to table in Parliament by the end of 2024, will also give seniors the assurance of fair treatment in their jobs.
Meanwhile in China, many provinces have large fiscal deficits, and having people work for longer would ease pressure on pension budgets.“Older workers do not want their pension payouts to be delayed, while younger workers worry that with more seniors staying on at their jobs, there will be fewer openings for the next generation,” Dr Tan said.
“Our social security framework is unique because we avoid the pitfalls of pooled savings while allowing members who are less well-off to also benefit by redistributive and progressive schemes,” he said.announced in the 2024 Budget that will benefit around 1.6 million Singaporeans through means-tested bonuses and a MediSave Bonus for all seniors born in 1973 or earlier.
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