As of May 2025, Singapore has introduced enhanced initiatives aimed at improving the quality of life for seniors. These updates focus on two main objectives: increasing retirement adequacy and encouraging longer workforce participation among older citizens. As part of the ongoing Majulah Package, seniors are receiving more structured support based on income and employment status.
Enhanced Earn and Save Bonus: Increasing Retirement Funds
The Earn and Save Bonus (ESB) remains a central feature of the Majulah Package. The scheme encourages older workers to remain in the workforce by rewarding active employment with direct top-ups to their Central Provident Fund (CPF) Retirement Account (RA).
Eligibility Requirements (Updated for 2025):
- Must be a Singapore Citizen.
- Born in 1973 or earlier (aged 52 and above in 2025).
- Actively employed and earning up to $6,000 per month.
Payout Structure for 2025:
| Annual Income Bracket | CPF RA Top-Up Amount (per year) |
|---|---|
| Below $6,000/month | Up to $1,000 |
| Between $6,001–$10,000/year | $400–$700 (tiered) |
| No employment income | Not eligible for ESB |
Funds are disbursed automatically and credited to the CPF RA, allowing compound growth and preparing seniors for a more secure retirement.
Retirement Savings Bonus (RSB): Targeted Financial Boost
The RSB provides a one-time bonus for lower- and middle-income seniors with lower CPF balances. This is intended to narrow the savings gap and ensure a more equitable retirement system.
Eligibility (as of May 2025):
- Singaporeans born in or before 1973.
- CPF Retirement Account balance below a government-stipulated threshold (exact figure depends on income tier).
Bonus Details:
- One-time bonus of $1,000 to $1,500.
- Automatically credited to CPF RA by the second half of 2025.
This incentive is aligned with efforts to encourage early and consistent savings through CPF contributions.
MediSave Bonus: Health Savings Support
Healthcare affordability remains a national priority. To further assist with out-of-pocket medical expenses, eligible seniors will receive a MediSave Bonus.
Highlights:
- Citizens aged 50 and above.
- One-time top-up of $500 to $1,000 based on income and CPF balances.
- Credited directly to MediSave accounts.
MediSave bonuses help cover premiums for MediShield Life, CareShield Life, and other approved medical expenses.
Encouraging Older Worker Employment: Ongoing Efforts
The government continues to incentivize employers to retain and hire older workers. In 2025, enhanced wage offsets and training subsidies have been introduced under the Senior Employment Credit (SEC) and CPF Transition Support schemes.
These efforts ensure older workers are not only supported financially but remain active contributors to the economy.
Timeline for Disbursements – 2025 Schedule
| Bonus Type | Disbursement Timeline |
| Earn and Save Bonus | Monthly (CPF Credit) |
| Retirement Bonus | July–September 2025 |
| MediSave Bonus | August 2025 |
All eligible recipients will be notified via Singpass and official letters. No application is required.
Conclusion: A Step Toward Secure Aging
With these expanded schemes, Singapore strengthens its commitment to inclusive aging. The 2025 updates reflect a holistic approach—supporting income, savings, and health—ensuring seniors live with dignity, independence, and security. By promoting continued employment and providing structured retirement support, these measures reaffirm Singapore’s vision of successful aging.
FAQs
What is the Earn and Save Bonus?
The Earn and Save Bonus is a CPF top-up for working seniors, rewarding continued employment with up to $1,000 yearly.
Do I need to apply for these bonuses?
No. All bonuses are automatically credited if you meet the eligibility requirements.
What if I am unemployed?
Unemployed seniors may not qualify for the Earn and Save Bonus but may still receive the Retirement Savings and MediSave Bonuses.
When will I receive my payout?
Payouts vary. Most bonuses will be credited between July and September 2025.
Where can I check my eligibility?
Use the official CPF or Singpass app to view eligibility status and disbursement details.
Are PRs eligible for these bonuses?
These schemes are exclusively for Singapore Citizens.
Is there a cap on CPF balances for RSB?
Yes, eligibility is based on having less than a certain amount in your CPF RA. Exact thresholds vary.
How do these schemes affect CPF LIFE payouts?
They enhance your RA, which may increase your future CPF LIFE monthly payouts.
Can I withdraw the bonus money?
No, all bonuses are credited into CPF accounts and cannot be withdrawn as cash.
How do these initiatives align with retirement age changes?
They complement rising retirement and re-employment ages, supporting seniors who wish to continue working.
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