SINGAPORE: The Ministry of Manpower (MOM) said on Thursday (Dec 18) that it is extending a grant for employers offering part-time re-employment, flexible work arrangements and structured career planning for senior workers by two more years owing to continued demand.<\/p>\n
The Part-Time Re-employment Grant (PTRG), introduced in 2020, will be extended until Dec 31, 2027, amid continued demand, MOM said in a statement.<\/p>\n
This is to \u201ccontinue supporting senior worker employment by providing financial support to employers to offer part-time re-employment to their senior workers\u201d, the ministry said.<\/p>\n
Applications, which previously closed in October, reopened on Dec 18.<\/p>\n
Under the grant, employers will receive $2,500 for every senior worker they hire, aged 60 and above, subject to a cap of $125,000 per employer.<\/p>\n
\u201cSince its introduction in 2020, the take-up of the PTRG has been encouraging,\u201d MOM said.<\/p>\n
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.<\/p>\n
More than $92 million has been disbursed through the grant since 2020.<\/p>\n
Any company registered or incorporated in Singapore \u2013 including societies and non-profit organisations such as charities and voluntary welfare organisations \u2013 can apply for the grant.<\/p>\n
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\u2019s website.<\/p>\n
The PTRG is part of measures aimed at strengthening support for senior employment.<\/p>\n
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.<\/p>\n
Older workers can also tap programmes such as the SkillsFuture Level-Up Programme and Workforce Singapore\u2019s Career Conversion Programme. – The Straits Times\/ANN<\/p>\n
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