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Thread: Plans to help older lowówage workers

  1. #1

    Default Plans to help older lowówage workers

    SINGAPORE: A workgroup set up by government feedback portal REACH, which looked into manpower issues, has recommended better support programmes for lowóincome workers who are above 65 years old.

    It recommended an unemployment credit, in which a worker who has been laid off can take a loan from his Central Provident Fund (CPF) account for three months.

    The loan amount would be determined by the lastódrawn salary of the worker, and would be subject to a cap of three months.

    To fund the scheme, workers would contribute one per cent of their monthly income. The government would coófund the scheme by making the same amount of contribution.

    Those earning below S$1,000 may be exempted from contribution, with the government paying the full amount into the account.

    The loan has to be paid back upon employment.

    Another proposal is for a Wage Insurance Scheme which subsidises 50 per cent of salary difference between new and old jobs, when an individual who is involuntarily unemployed take on a lowerópaying new job.

    Like the Individual Unemployment Credit proposal, this insurance scheme is funded via a one per cent coópayment by workers and the government.

    A third recommendation is a basic retirement grant.

    REACH said the proposal is to provide a modest monthly stipend to individuals aged 65 years and above, who are identified as being in the low income and savings groups, to assist them with meeting their basic consumption needs.

    The workgroup suggested a monthly stipend of S$200 to S$300, similar to a scheme in Hong Kong called the Normal Old Age Allowance.

    To determine eligibility and to ensure that the scheme is targeted, meansótesting can be conducted through assessing a workerís income level and assets.

    REACH said this small grant is intended to be just one component of retirement adequacy, with other components like partótime work and personal savings making up the rest.

    To help older workers integrate into the workforce better, the workgroup has also suggested job reódesign, such as having flexible working hours and shorter shifts, as well as customised training such as an internship programme to help older workers learn customer service skills.

    Responding to the workgroupís recommendations, the Manpower Ministry (MOM) said the government is committed to helping older and lowówage workers and will study the proposals.

    It added that the budgetary implications of any proposal must also be carefully considered, so that any schemes that are rolled out are sustainable.

    óCNA/wk

    http://news.xin.msn.com/en/singapore...mentid=4628491


  2. #2
    Member 9V-Orion Images's Avatar
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    Default Re: Plans to help older lowówage workers

    Erection is coming.

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  3. #3

    Default Re: Plans to help older lowówage workers

    What about those mid 40s & 50s w/o job, or low wage, or odd jobs? I personally feel that this is a more critical age group becos for those who have children, they r most likely still be students. Tougher if only 1 parent is working.

    What about those 60yrs old but not yet 65? Who is going to hire 60yr old & what r they going to do from 60 to 65 if no job?

    How about after CPF 1st withdrawal at 55 till the next one at 62? What r these people going to do during that 7 yrs gap w/o job? Can the 1st withdrawal last 7 yrs?

    Isn't such plans supposedly cover the whole employment scene in s'pore instead of juz targeting an age group? Sounds more like a "Speaker Corner" thing than a highly effective plan to me The loan thing really gets me scratching my head.... borrow money from myself & i have to subject myself to rules & regulations with a payback?
    Last edited by nightpiper; 9th February 2011 at 11:51 PM.

  4. #4

    Default Re: Plans to help older lowówage workers

    Before the election everything is :
    1) OK, good and fine
    2) Lots of ang-pows, niceties and freebies

    But after the election :
    1) Every thing is not nice, expensive and worse to come
    2) GST UP, Tax UP, ERP UP, cost of living UP, Inflation UP, Unemployment UP
    3) And you are to shut up, be quiet and just obey for the next few years

    So BEWARE ! and vote wisely.
    Send them a message to reduce their winning margin of 67% to 51%.


  5. #5
    Senior Member xtemujin's Avatar
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    Arrow Re: Plans to help older lowówage workers

    Akan datang, GST 10%.

  6. #6

    Default Re: Plans to help older lowówage workers

    we now can borrow our own money. cheers!!

  7. #7

    Default Re: Plans to help older lowówage workers

    if they want to help them in a genuine case, it's great news. But so many rules n mean test, wonder will those in need come forward to use it. At e end of e day, likely to be abused by ppl who don't really need e help.

    Borrow from CPF (YOUR MONEY), return with interest subject to 3months loan only haha. Sound like a profit driven bank to me to a world class social security organisation for e ppl. Oh the main difference is we can withdraw money out from bank anytime but not money in cpf :-)oh we r subject to constant policy change to our cpf $.

  8. #8
    Member 9V-Orion Images's Avatar
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    Default Re: Plans to help older lowówage workers

    Quote Originally Posted by Rocky78 View Post
    Send them a message to reduce their winning margin of 67% to 51%.
    Number of votes cast by natural born citizen or a Singaporean citizen by descent in support of the ruling party:

    Number of votes cast by former Permanent Residents recently granted Singaporean citizenship in support of the ruling party:

    Total number of votes cast for the ruling party as compared to previous General Elections (GE): Unchanged or
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  9. #9

    Default Re: Plans to help older lowówage workers

    Quote Originally Posted by 9V-Orion Images View Post
    Number of votes cast by natural born citizen or a Singaporean citizen by descent in support of the ruling party:

    Number of votes cast by former Permanent Residents recently granted Singaporean citizenship in support of the ruling party:

    Total number of votes cast for the ruling party as compared to previous General Elections (GE): Unchanged or
    That is why it is their master secret dirty plan to invite in tons of Foreign Trash to float and prod up the SG population as PR.

    pee&poo is afraid of the real and true Singaporean citizens.


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