Besides the Pioneer Generation Fund, the committee also looked at the Merdeka Generation and Majulah Package Funds in its report.
On the impact of healthcare inflation on the long-term sustainability of the Pioneer Generation and Merdeka Generation Funds, MOF said that the government regularly reviews subsidy and payout levels to ensure sufficient coverage against rising healthcare costs.
As of Mar 31, 2025, around 450,000 seniors had benefited from the Pioneer Generation Package, with a current surviving cohort of around 300,000 seniors. The average amount received per person was about S$11,800.
“Given that these Funds are lifetime commitments to their respective beneficiaries, the Committee urged the Government to continue monitoring the sustainability of all three Funds and to continue reviewing subsidy and payout levels under these Funds to ensure that they provide adequate coverage against rising healthcare costs,” said the Estimates Committee in its report.
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