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Singapore National Employers Federation (SNEF) – Budget 2020 Wishlist

ST 21 Jan 2020

Singapore National Employers Federation (SNEF), the employers’ group hopes Budget will include wage offsets and funding to defray costs of hiring older workers

  • Employers seek wage offsets in the form of Special Employment Credit (SEC) in response to the higher employment costs associated with increasing retirement age, re-employment age, and higher Central Provident Fund (CPF) contribution rates for older workers.
  • This is SNEF’s budget wishlist following the report and proposals by the Tripartite Workgroup on Older Workers in August.

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