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The SWEAG (SENIOR WORKER EARLY ADOPTER GRANT) and PTRG (PART-TIME RE-EMPLOYMENT GRANT) incentivise companies to implement age-friendly employment practices.
These two grants combined awards companies SG$5,000 per Singaporean permanent staff over 60 years old. |
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Grant Summary
Grant Eligibility |
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Be registered in Singapore
Including societies and non-profits like charities and VWOs
Employ senior worker(s) above 60 years old
Such workers must:
(i) be SG citizen or PR,
(ii) be paid CPF,
(iii) be employed for at least 3 months on permanent basis or contract of at least 12 months, and
(iv) not be ACRA - listed personnel or shareholders
Details of Each Component |
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1. SWEAG
- Provides grant of $2500 per qualifying senior workers
- In exchange, your company has to increase your Retirement Age to 66 (from the current default of 63), and Re-employment Age to 71 (from the current default of 68)
- Note that under the RRA, your company cannot dismiss employees below Retirement Age based on his/her age
- Similarly, your company must offer re-employment to eligible employees which have passed Retirement Age, but who are still within Re-employment Age
2. PTRG
- Provides grant of $2500 per qualifying senior workers
- In exchange, your company has to commit to providing Part-Time re-employment opportunities to senior workers who have past their retirement age but who are still within the re-employment age, upon their request for such part-time workload
Above Info is as of 22 Oct 2021
Grant Amount |
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$5,000 per Qualifying Senior Worker Combination of $2,500 per worker for SWEAG, and $2,500 per worker for PTRG
Capped at $250,000 (50 Senior Worker) per Company Made up of $125,000 per company for SWEAG, and $125,000 per company for PTRG
FAQ
What are the Grant Deliverables after an Offer Letter is secured?
After the Offer Letter is accepted, employers have to complete the following deliverables before claiming for the grant reimbursement:
a) Adopt the TS-AWP and provide the necessary documentation/information to show adoption of the standard
b) Furnish sail-through/updated HR policy on:
i. SWEAG: internal retirement and re-employment ages showing the
increase from the current policy
ii. PTRG: the part time re-employment policy for SWs
c) Communicate the new HR policy in (b) to all employees (e.g. employer’s staff website, circular/ memo, employee handbook issued).
d) Submit duly completed claim form that provides information on all senior workers.
e) Issue addendums (specific clauses will be provided) to employment contracts documenting the policy change in (b) to all employees:
f) For SWs, the addendums will need to be individually addressed to and signed by the SWs.
g) For all other workers, the addendums can be standardised without having to be individually addressed nor acknowledged.
h) Submit CPF Form 90 for all senior workers being claimed.
i) Prepare NRICs of SWs for sighting by the programme partner (either physically, virtually or via photocopies).
a) Adopt the TS-AWP and provide the necessary documentation/information to show adoption of the standard
b) Furnish sail-through/updated HR policy on:
i. SWEAG: internal retirement and re-employment ages showing the
increase from the current policy
ii. PTRG: the part time re-employment policy for SWs
c) Communicate the new HR policy in (b) to all employees (e.g. employer’s staff website, circular/ memo, employee handbook issued).
d) Submit duly completed claim form that provides information on all senior workers.
e) Issue addendums (specific clauses will be provided) to employment contracts documenting the policy change in (b) to all employees:
f) For SWs, the addendums will need to be individually addressed to and signed by the SWs.
g) For all other workers, the addendums can be standardised without having to be individually addressed nor acknowledged.
h) Submit CPF Form 90 for all senior workers being claimed.
i) Prepare NRICs of SWs for sighting by the programme partner (either physically, virtually or via photocopies).
Next Steps |
Find out more how we can guide you on in applying for this grant here.
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