Fine-tune new measures to help seniors: Experts

Eligibility criteria for the Silver Support scheme will be broadened, and payouts will rise by 20 per cent.
Eligibility criteria for the Silver Support scheme will be broadened, and payouts will rise by 20 per cent.ST PHOTO: KUA CHEE SIONG

New Budget measures aimed at boosting the retirement incomes and employability of seniors are a step in the right direction but may not go far enough, say observers.

They noted yesterday that the steps may need to be fine-tuned or expanded to ensure that groups in need, such as low-income seniors, have sufficient funds to cover their expenses in the long term.

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A version of this article appeared in the print edition of The Straits Times on February 21, 2020, with the headline 'Fine-tune new measures to help seniors: Experts'. Print Edition | Subscribe