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Learn about the Government's wage offset schemes to support employers that hire senior workers and persons with disabilities. Find out who qualifies, how to receive the payouts and the latest updates for 2024.
Special Employment Credit (SEC) is a payout granted to employers who employ older persons between the age of fifty-five to sixty years old. SEC was first created as a budget initiative in 2011, and in such a period, it only targeted the increment of the employability rate of aged individuals.
The SEC will help employers adjust to the reemployment legislation. Employers can also tap this group of older workers for their skills and experiences to augment their manpower needs.
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The Special Employment Credit (SEC) is a government scheme to encourage employers to hire older workers. It gives employers up to 80% of CPF contributions for employees aged 60 and above, paid twice a year.
This grant helps employers to recruit and retain persons with disabilities by supporting up to 90% of the job redesign costs, capped at $20,000 per employee with disability, whichever is lower. It can be used to defray the cost for the following job redesign initiatives: Purchase of equipment. Workplace modifications.
(1) Senior Employment Credit • To help employers with the transition to the higher Retirement Age (RA) and Re-employment Age (REA), the Government will provide wage offsets, through the Senior Employment Credit scheme, to employers that hire senior Singaporean workers aged 55 and above.
Mar 24, 2016 · SINGAPORE - The Government will extend the Special Employment Credit (SEC) for three years to the end of 2019, as part of its plan to address the immediate concerns of companies while...
