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 provides funding support of up to $250,000 to progressive employers who are willing and able to implement higher internal retirement and re-employment ages above the prevailing statutory ages.
||Funding per senior worker
(age 60 and above)
|Total eligible funding
|65 and above
||70 and above
- Total eligible funding is capped at 50 senior workers per company.
- The ages and rates in the table are applicable up to 30 June 2021, as you need to apply the changes at least 1 year before scheduled statutory increases.
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.
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.
When to apply
Application is open from 1 July 2020.
How to apply
You can approach the Programme Partners (NTUC’s e2i and SNEF) to apply for the Senior Worker Early Adopter Grant and Part-time Re-employment Grant.