Noting that more Singaporeans are living longer, Lee said that they should get more support to stay active and work longer. To do so, the government will raise retirement age and re-employment age to 65 and 70 respectively by 2030. These will be done progressively, said Lee.
At the same time, the government will increase the Central Provident Fund (CPF) contribution rates starting from 2021 over the next 10 years, so as to help older workers build more retirement savings. The CPF is a mandatory social security savings scheme funded by contributions from employers and employees. It is a key pillar of Singapore's social security system, and serves to meet the retirement, housing and healthcare needs of Singaporeans.
These changes will "support older workers to continue working longer and help them be more financially independent," he said.
Lee then moved on to the topic of global warming and rising sea level. Lee said mitigating the impact of climate change will be treated "with utmost seriousness" by the government, as the most part of the city-state is low-lying land which is vulnerable to be engulfed by rising sea waters.
Some of the options include following the Dutch model of building polders (low-lying land reclaimed from the sea or a river and protected by dykes), or reclaiming a series of islands offshore, connecting them up with barrages and creating a reservoir.
Singapore is still examining the options carefully and will decide what to do when the time comes, he said. All Singaporeans can also do their bit to cut down carbon dioxide emissions and promote sustainability, such as cutting down on excessive packaging, food waste, or electronic waste, he added.
【国际英语资讯:Singapore PM outlines priorities for government agenda during National Day Rally】相关文章:
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