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Uplift and strengthen support for vulnerable and mature workers

To ensure that no Singaporean is left behind as the economy recovers, we will uplift and strengthen support for our mature and vulnerable workers. We will supplement their income and strengthen their retirement adequacy.

We will press on with our efforts to uplift our vulnerable segments of the workforce by implementing the recommendations from the Tripartite Work Group on Lower-Wage Workers and strengthening support for mature workers.

View the infographic on supporting lower-wage workers.

Enhanced Workfare Income Supplement SchemeShow

From Work Year 2023, Workfare will be enhanced to:

  • Provide higher payouts for all recipients, up to $4,200 per year.
  • Raise qualifying monthly income cap to $2,500.
  • Lower qualifying age from 35 to 30 years old.
  • Place all persons with disabilities in highest payout tier.

View the infographic on Workfare enhancements.

New Progressive Wage Credit SchemeShow

The Progressive Wage Credit Scheme will help employers co-fund wage increases up to a wage ceiling of $$3,000.

Advancing the well-being of lower-wage workersShow

The new Tripartite Standard and Progressive Wage (PW) Mark will be introduced to further promote the well-being of our lower-wage workers.

  • Government suppliers will need to be accredited with PW Mark from March 2023.

View the infographic on the TS-LWW.

Higher Basic Retirement Sum PayoutsShow

To provide higher lifetime payouts for CPF members, the Basic Retirement Sum (BRS) will be adjusted for cohorts turning 55 from 2023 to 2027.

  • About 8 in 10 active members aged 55 in 2027 – the highest level of attainment thus far – are expected to receive payouts of around $1,000 per month*, when they turn 65.
  • There is no requirement to top up CPF in cash or sell property if members have less CPF savings than their BRS.
  • The CPF withdrawal rules remain unchanged.

*Assumes male member under CPF LIFE Standard Plan, starting payouts at age 65.

More info:

Increase in Senior Workers’ CPF Contribution RatesShow

The CPF contribution rates for senior workers aged above 55 to 70 will continue to be increased gradually over this decade, to support their retirement adequacy.

  • From 1 January 2023, the employer and employee CPF contribution rates for senior workers will be raised by up to 1 percentage point each, as shown in the table below.
  • To support this, employers will receive a one-year CPF Transition Offset from 1 January 2023 to cover half of the increase in employer CPF contribution rates in 2023.
Employees’ age Current (% of wage)

From 1 Jan 2022 to 31 Dec 2022

 CPF Contribution Rates from 1 Jan 2023 CPF Transition Offset (% of wage)
Total (% of wage) Employer (% of wage) Employee (% of wage)
Above 55 to 60 28 29.50

(+1.50%–pt)

 14.50

(+0.50%–pt)

 15+

(+1%–pt)

 0.25
Above 60 to 65 18.50 20.50

(+2%–pt)

 11

(+1%–pt)

 9.50

(+1%–pt)

 0.50
Above 65 to 70 14 15.50

(+1.50%–pt)

 8.50

(+0.50%–pt)

 7

(+1%–pt)

 0.25

View the Factsheet on Senior Worker CPF contribution Rates.