1. Share the Fruits of Growth with all adult Singaporeans—Growth
Dividends
All adult Singaporeans will get Growth
Dividends. Those who earn less or live in smaller homes
will get more Growth Dividends. Close to half of adult Singaporeans will get $800.
2.
Reward Low-Wage Workers for Work—Workfare Bonus
Low-wage Singaporeans aged 40 and above, living in homes with Annual Value of up to $10,000 can receive a Workfare
Bonus if they are employees or self-employed persons engaged in regular work in 2005 and 2006. The Bonus will be paid in 2 portions of up to $600 each.
3.
Help Lower-Income Households with Living Expenses—Utilities-Save, S&CC
and Rental Rebates
Lower-income
households will get Utilities-Save (U-Save) rebates to help them cope with living
expenses. They will also continue to enjoy Service & Conservancy Charges (S&CC)
and rental rebates. Those living in smaller HDB flats will get more rebates.
| HDB
Flat Type | U-Save Rebates | S&CC
Rebates | Rental Rebates | | 1-room | $200 | 4
months | 3 months | | 2-room | $200 | 3
months | 1.5 months | | 3-room | $100 | 2
months | - | | 4-room | $80 | 1.5
months | - | | 5-room | $60 | 0.5
months | - |
4.
Help the Elderly
meet Retirement and Healthcare Needs—Top-ups to CPF Special/Retirement & Medisave Accounts
Singaporeans
aged 50 and above in 2005 will receive top-ups to their CPF Special/Retirement
and Medisave Accounts to help meet their retirement and healthcare needs.
The
amount of CPF top-ups depends on your age and the Annual Value
of your home as at 31 December 2005.
| Age | Annual
Value of Home $6,000 or less | Annual
Value of Home more than $6,000 and up to $10,000 | Annual
Value of Home more than $10,000 | | 50-59 | $600 | $400 | $100 | | 60
& above | $800 | $600 | $200 |
Note: Half
of the amount will go into the CPF Special/Retirement Account, the other half
will go into the CPF Medisave Account.
5. Invest in the Next Generation—Opportunity
Funds
Students from lower-income families will get more opportunities
for enrichment and learning, such as the purchase of computers
and reading materials, and overseas study trips. MOE schools,
Junior Colleges/Centralised Institute, ITEs, Special Education
schools and self-help groups (CDAC, Mendaki, SINDA and the Eurasian
Association) will receive $50 million in total to create Opportunity
Funds.
6. Recognise
the Contributions of our NSmen—40th Anniversary NS
Bonus
To mark 40 years of National Service (NS) and recognise the
contributions of our national servicemen (NSmen), Singaporeans
who are serving or have served their NS in the SAF, SPF and
SCDF will get a one-off NS bonus.
| NS
status |
Amount |
- Full-time national servicemen (NSFs)
- Operationally ready NSmen who have not completed their operationally ready
national service (ORNS) training cycle
| $100 |
- NSmen who have completed their ORNS training cycle
- NSmen who are above statutory age (i.e. 40 years old for non-officers
and 50 years old for officers)
| $400 |
7.
How can I Sign Up for my Progress Package?
The CPF Board will write to you in late March 2006
on your Progress Package. To get your Progress Package on 1
May 2006, you must sign up in one of the following ways from
1 April 2006:
Sign-up
Mode
(Available from 1 April 2006) |
By
when must I sign up to receive my Progress Package on
1 May 2006? |
When
is the last day to sign up through this mode? |
| ATMs
(DBS/POSB/OCBC/UOB) | 25 April 2006 | 31 May 2006 |
Website
www.progress.gov.sg |
25 April 2006 | 31 Dec 2006 |
| Hard
copy forms (at SingPost offices, CPF Service Centres, Community
Centres/Clubs and Community Development Councils) |
15 April 2006 | 31 Dec 2006 |
If you have further questions on the Progress Package, please call the CPF Board at 1800-2222-888.
|
