Updated: Jun 10, 2021
What are the grants?
Senior Worker Early Adopter Grant Funding support of $125,000 for employers to raise both their internal retirement and re-employment ages by 3 years above minimum statutory requirements. Part-Time Re-Employment Grant Funding support of up to $125,000 for employers that commit to a part-time re-employment policy for its eligible senior workers. Companies can apply for either one or both grants, capped at a total funding of $250,000.
What are the benefits?
Employers will receive funding support to implement early adoption of higher retirement/re-employment ages and/or part-time re-employment policy for their senior workers. This allows companies to continue tapping on the rich experience and skillsets of these groups of workers. Companies adopting these policies will be seen as progressive employers and will potentially be able to attract and retain more talents. At the same time, the adoption of the Tripartite Standard on Age-Friendly Workplace Practices (TS-AWP) specifies a set of good age management practices for employers to implement at the workplace, to treat older workers fairly, and provide them with support in areas such as training and workplace health programs.
Who is eligible?
Any company registered or incorporated in Singapore including societies and non-profit organisations such as charities and voluntary welfare organisations. Companies will need to have at least 1 senior worker aged 60 years and above to qualify for the grant. Companies will also need to adopt the Tripartite Standard on Age-Friendly Workplace Practices (TS-AWP).
Interested to find out more about the grant? Contact us now.