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Assurance for the middle-aged and middle income Singaporeans

Publication Date : 14-08-2014

 

Middle-aged and middle-income Singaporeans need not feel burdened when it comes to taking care of seniors, and will themselves have room to seize opportunities and succeed, minister for social and family development Chan Chun Sing said yesterday.

He explained that recent measures such as the S$8 billion (US$6.41) Pioneer Generation Package to keep healthcare bills for pioneers affordable, and the MediShield Life medical insurance scheme, provided a sense of assurance for older Singaporeans that their needs would be looked after.

By the same token, there will be opportunities for younger and middle-aged Singaporeans, including for continued education and an environment in which they can succeed, Chan added.

This environment will be stable yet competitive, where job opportunities can be created, he said at a National Day dinner in Tanjong Pagar, where he is an MP.

"We will make sure our middle-income (Singaporeans) continue to keep pace with the demands of life in Singapore," he said, as he reiterated the government's commitment to take care of all Singaporeans.

His comments, delivered in Malay, Mandarin and English, come ahead of Sunday's National Day Rally, when prime minister Lee Hsien Loong is expected to speak on retirement adequacy, creating more opportunities for Singaporeans to pursue their dreams and improving the living environment in Singapore.

Chan said Singaporeans who are going to be tomorrow's seniors will be given Central Provident Fund and Medisave top-ups to help them save enough for their future retirement.

Housing Board grants to help them own their own homes as an "insurance against the needs of old age" will also continue. Strong family and social networks for support will also be put in place, he added.

"Every generation will do our best to take care of seniors", particularly those who are weak and vulnerable, said Chan.

At the same time, current policies must be sustainable so as not to saddle future generations with hefty bills, he added.

"We want them to scale the mountains of the world, not to be burdened by the debts of the older generation. This is why we want to leave behind healthy reserves for our younger generation," he said.

At last night's dinner, Chan and fellow Tanjong Pagar GRC MP Indranee Rajah, who is also senior minister of state (law and education), also highlighted some of the constituency's ongoing upgrading projects, such as new lifts and linkways.

New flats in the area will also create opportunities for younger Singaporeans looking to set up home, to return to the area to be closer to their families.

- See more at: http://www.straitstimes.com/news/singapore/more-singapore-stories/story/assurance-the-middle-aged-and-middle-income-singaporeans#sthash.9CUBsxSN.dpuf

 

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