SWEAG provides funding support of $125,000 for employers to raise both their internal retirement and re-employment ages by 3 years above minimum statutory requirements.
PTRG provides funding support of up to $125,000 for employers that commit to a part-time re-employment policy for its eligible senior workers.
Companies can apply for either one or both grants, capped at a total funding of $250,000. Click here to download the Factsheet.
Employers will receive funding support to implement early adoption of higher retirement/re-employment ages and/or part time re-employment policy for its senior workers. This allows companies to continue tapping on the rich experience and skillsets of these group of workers. Companies adopting these policies will be seen as progressive employers and will potentially be able to attract and retain more talents.
At the same time, the adoption of the Tripartite Standard on Age-Friendly Workplace Practices (TS-AWP) specifies a set of good age management practices for employers to implement at the workplace, to treat older workers fairly and provide them with support in areas such as training and workplace health programmes.
Any company registered or incorporated in Singapore including societies and non-profit organisations such as charities and voluntary welfare organisations.
To qualify for the grant, companies will need to have at least 1 senior worker aged 60 years and above. Companies will also need to adopt the Tripartite Standard on Age-Friendly Workplace Practices (TS-AWP).