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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.
Enabling Employment Credit (EEC) will be paid to employers of persons with disabilities aged 13 and above, and earning below $4,000 a month. In addition, employers who hire a person with disability who has not been in employment for the past six months, will receive an additional wage offset for the first nine months of employment.
The Enabling Employment Credit (EEC) is a new wage offset scheme to support the employment of persons with disabilities (PwDs). The EEC will replace the wage offsets for employers of PwDs under the Special Employment Credit (SEC) and Additional SEC, after the SEC and Additional SEC expire in December 2020.
Jan 24, 2020 · Encouraging employers to hire older Singaporeans – To further enhance the employability of older workers, the Special Employment Credit (SEC) was introduced in 2011 to encourage employers to hire older Singaporeans.
