With one in four Singaporeans aged over 65 by 2030, Ms Indranee has said the Budget will provide companies with more incentives to employ older workers.
Institute of Policy Studies senior research fellow Christopher Gee pointed out that last year's measures on raising the retirement and re-employment ages, as well as CPF contribution rates for older workers, were accompanied by a promise of support for businesses in Budget 2020 to help with the extra costs of implementing these changes.
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