Overview

The Majulah Package aims to provide Singapore citizens born in 1973 or earlier, especially those born in 1960 to 1973 (“Young Seniors”, currently in their 50s and early 60s), with an additional boost for their retirement. The Majulah Package comprises the following:

(a) Yearly Earn and Save Bonus;
(b) One-time Retirement Savings Bonus (paid in December 2024); and
(c) One-time MediSave Bonus (paid in December 2024).

Every Singaporean born in 1973 or earlier will receive at least one component of the Majulah Package. The Package will benefit about 1.6 million Singaporeans.