Written Answer to PQ on Expanding Matched Retirement Savings Scheme or introduce a similar matching scheme

NOTICE PAPER NO. 553 OF 2026 FOR THE SITTING ON OR AFTER 27 FEBRUARY 2026
QUESTION NO. 1120 FOR WRITTEN ANSWER

MP: Dr Wan Rizal

To ask the Minister for Manpower whether the Government will consider extending the enhanced Matched Retirement Savings Scheme or introducing a similar matching scheme for vulnerable workers experiencing career interruptions due to caregiving or medical reasons.

Answer:

1. Vulnerable individuals who do not have enough retirement savings as a result of career interruptions due to caregiving or medical reasons can already benefit from the Matched Retirement Savings Scheme (MRSS) from age 55, which we enhanced in 2025. They may also benefit from other support measures such as the Silver Support Scheme, the Retirement Savings Bonus under the Majulah Package and recent Budget 2026 CPF Top-Up.

2. Younger Singaporeans have a longer runway to build their retirement savings and our priority is to support them to return to work when they are ready. They can tap on the employment facilitation services offered by Workforce Singapore (WSG) and NTUC’s Employment and Employability Institute (e2i) for job search and career transition support. When they return to work, they may be eligible for the Workfare Income Supplement, which supplements their income and retirement savings. Tripartite partners have also been promoting flexible
work arrangements which provide more opportunities for those who need such flexibility.