Govt looking at more ways to ensure S’poreans have enough for retirement: PM Wong

With more people living longer, there is a need to ensure that every Singaporean can retire with dignity and meet his or her basic retirement needs.

- Yap Wei Qiang Correspondent

That is why the Government will be studying ways to further strengthen retirement adequacy, said Prime Minister Lawrence Wong on Sept 24, the third day of the debate on the President’s Address.

“In particular, we want to help Singaporeans save more during their working lives, so that they have enough to meet their basic retirement needs for life, for a longer life,” he told Parliament.

For those who, despite their best efforts, cannot build up a sufficient nest egg, the Government will provide additional support.

The safety nets for those who need more help will also be strengthened - there will be more education support for children with special needs, and to help them have a smoother transition to adulthood and work. Persons with disabilities will have more opportunities to pursue their aspirations and lead fulfilling lives.