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Singaporeans receive Earn and Save Bonus, up to $1,000, to boost retirement savings under the Majulah Package.
Over 570,000 eligible Singaporeans will receive their first Earn and Save Bonus payment, ranging from $400 to $1,000, in March.
The bonus, part of the $9 billion Majulah Package, aims to boost retirement savings for working seniors.
Eligibility requires an average monthly income of $500 to $6,000 and owning a property valued at $31,000 or less.
Recipients will be notified via SMS after the bonus is credited to their CPF accounts.
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Los singapurenses reciben Bono de Ganancia y Ahorro, hasta $1,000, para aumentar los ahorros de jubilación bajo el Paquete de Majulah.