Portuguese 
English 
Spanish 
3 min of reading 
0 comments 
In Singapore, The Government Implemented a Bonus of S$ 400 to S$ 1,000 to Incentivize Work and Savings, Causing Direct Impact on Retirement and the Market
The traditional retirement, that idea of completely stopping at around 60 years old, is no longer the norm in many places around the world. The accelerated aging of the population and the cost of maintaining pension systems are forcing countries to rethink the model.
Singapore has advanced with a strategy that is drawing attention: paying an annual bonus to those who continue working and strengthen their pension savings.
The information was disclosed by Ministry of Manpower, the government agency of Singapore.
-
He started running at 66 years old, broke records at 82, and is now a subject of study for having a metabolic age comparable to that of a 20-year-old, in a case that is intriguing scientists and inspiring the world.
-
Oldest tree on the planet reappears after 130 years of searches: Wattieza, 385 million years old, was 10 meters tall and had no leaves or seeds; Gilboa fossils in New York solved the mystery in 2007.
-
A 48-square-meter house assembled in hours with 4,000 bricks made of recycled plastic that does not absorb moisture, has natural thermal insulation, and costs less than 90,000 reais in a complete kit.
-
Luciano Hang revealed that Havan’s air fleet has already accumulated more than 20,000 landings, 10,000 flight hours, and 6 million kilometers traveled, and he says that without the planes, the company would never have grown so quickly.
What Is the Majulah Package, Earn and Save Bonus and Why Does It Pay S$ 400 to S$ 1,000
The program that supports this change is the Majulah Package, Earn and Save Bonus. It provides for an annual bonus of S$ 400 to S$ 1,000, with direct credit to the CPF, the country’s pension system.
The goal is to increase the financial security of older individuals and encourage them to stay in the workforce longer, especially among those who are still in their productive phase.
This bonus is not a monthly salary. It works as an annual boost, tied to eligibility criteria.
Who Can Receive the Bonus and How the Money Is Deposited in the CPF
The benefit is aimed at citizens who continue to work and meet income and housing-related rules. Verification is done automatically, with no need for manual registration in many cases.
The money is deposited into the CPF, which is the savings and retirement system used in Singapore.
In practice, the bonus strengthens the pension balance and helps build a more stable retirement, even for those who do not yet plan to stop working completely.
Retirement at 63, Reemployment Until 68 and the Change Set for July 1, 2026
The bonus is part of a larger package. Singapore already has a minimum retirement age of 63 and reemployment rules until 68, when conditions are met.
As of July 1, 2026, these ages will rise to 64 and 69.
This type of measure pushes the market towards a new standard, where older workers remain employed longer and continue to generate income.
Why Singapore Is Betting on This and What Is Behind the Longevity Bonus
The decision has not just a cultural side. It arises from a real problem affecting many countries: the population is aging, the workforce base is shrinking, and social costs are rising.
With more people living longer, governments need to choose between raising taxes, cutting benefits, or redesigning the model.
The chosen option was to create incentives to turn longevity into an economic advantage and strengthen the pension savings of those who stay in the market.
The Numbers That Show Why the World Is Watching This Model
The global population is aging at a rapid pace. And some countries are dealing with this challenge more intensely.
In 2024, the share of individuals aged 65+ will reach 13.66% in Singapore. Japan and Italy are already operating at higher levels, with 29.78% and 24.62%.
There is a forecast that the elderly population will continue to grow, with 2030 appearing as a decisive point for several economies.
The Straits Times, a newspaper in Singapore, provided the cited numbers and timelines.
What Could Change in the Future of Work with Bonuses for Older People to Stay Active
The strongest point of this model is the message it conveys: working after 60 could cease to be an exception and become the norm.
This could accelerate changes in the way companies hire, in the format of work hours, and in the structure of roles for older workers.
At the same time, the topic raises discussions about health limits, inequality, and even what it means to retire in a society where living to 80 or 90 becomes increasingly common.
Singapore is showing a trend that could be copied or adapted by countries facing the same challenge.
-
-
3 pessoas reagiram a isso.