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Senior Worker Early Adopter Grant and Part-time Re-employment Grant

The Senior Worker Early Adopter Grant and Part-time Re-employment Grant can be used to support employers in implementing key recommendations by the Tripartite Workgroup on Older Workers. They’re introduced as part of the Senior Worker Support Package in February 2020.

Senior Worker Early Adopter Grant

The minimum Retirement Age (RA) and Re-employment Age (REA) will be raised to 65 and 70 respectively by 2030. The first increases to 63 and 68 respectively will take effect from 1 July 2022.

The Senior Worker Early Adopter Grant (SW EAG) provides funding support of up to $125,000 to progressive employers who are willing and able to implement higher internal retirement and re-employment ages above the prevailing statutory ages.

To qualify, employers also have to adopt the Tripartite Standard on Age-Friendly Workplace Practices.

Funding

You can get $2,500 per eligible senior worker (age 60 and above), if you raise your internal retirement and re-employment ages by 3 or more years above prevailing statutory ages:

Applied for grant Raise internal Retirement Age (RA) and Re-employment Age (REA) by
Before 5 July 2021 3 or more years from existing RA and REA of 62 and 67.
On 5 July 2021 or later

3 or more years from new RA and REA of 63 and 68 that would take effect on 1 July 2022.

This allows your senior workers to benefit fully from 3 years of higher internal RA and REA, which is what the SW EAG is designed to promote.

You applied for the SW EAG on 1 Aug 2021.

To qualify, your internal RA and REA needs to be at least 66 and 71 respectively.

The total eligible funding is capped at 50 senior workers per company.

Part-time Re-employment Grant

The Part-time Re-employment Grant provides up to $125,000 to employers who commit to a re-employment policy where they would provide part-time re-employment opportunities to eligible senior workers who request for it. These arrangements benefit seniors who prefer lower work intensity, and encourage them to stay in the workforce.

To qualify, employers also have to adopt the Tripartite Standard on Age-Friendly Workplace Practices.

Funding

If you’re eligible, you can get $2,500 per senior worker (age 60 and above).

The total eligible funding is capped at 50 senior workers per company.

For more details, visit WSG’s website.