MOM extends part-time re-employment grant until December 2027

“Since its introduction in 2020, the take-up of the PTRG has been encouraging,” MOM said.

More than 7,500 employers have tapped the grant to support their employment or retention of senior workers as at November, benefiting more than 65,000 senior workers, it added.

More than $92 million has been disbursed through the grant since 2020.

Any company registered or incorporated in Singapore – including societies and non-profit organisations such as charities and voluntary welfare organisations – can apply for the grant.

The company needs to have at least one resident worker aged 60 years and above at the point of application and claim, according to MOM’s website.

The PTRG is part of measures aimed at strengthening support for senior employment.

Other schemes include the Senior Employment Credit, which provides wage offsets of up to 7 per cent to employers that hire workers aged 60 and over.

Older workers can also tap programmes such as the SkillsFuture Level-Up Programme and Workforce Singapore’s Career Conversion Programme.

In a statement on Dec 18, NTUC deputy secretary-general Desmond Tan said NTUC welcomed the extension of the grant and encouraged employers to use it to offer flexible work arrangements, so that their experienced senior staff can be retained “while meeting their evolving needs”.

He said that seniors are a vital part of Singapore’s workforce as they have “valuable skills and experience”.

“From NTUC’s regular engagement with workers and unions, we understand that while some seniors prefer to continue in full-time roles, others have expressed a desire for reduced work hours during re-employment,” said Mr Tan.