Pioneers to get Medisave top-ups
PIONEERS will receive letters from the Government this week informing them of the Pioneer Generation Medisave top-ups that they will get next month.
The top-ups range from $200 to $800, and come up to about $190 million in total, said the Ministry of Finance (MOF) yesterday. About 430,000 pioneers will be receiving these top-ups.
This is part of the Pioneer Generation Package, which Singapore citizens aged 67 and above this year, and who received their citizenship before 1987, qualify for.
Pioneers will receive Medisave top-ups of $200 to $800 annually for the rest of their lives, with the amount based on their birth year.
Those who were born earlier receive higher top-ups as they typically have accumulated less savings, the MOF said.
The amounts given depend on a person's age, annual value of the place of his residence and number of properties owned.