Done By: Kerry Cao Caleb Foo Lim Zhong Hui Wong Qin Jiang.
10
Done By: Kerry Cao Caleb Foo Lim Zhong Hui Wong Qin Jiang
-
Upload
monica-kelley-tucker -
Category
Documents
-
view
216 -
download
0
description
Potential Problems Increase in responsibility Lack of Working Class members to support the elderly Less money spent for other things Made worse by reduction in collected taxes Overall increase of government annual spending on elderly- related policies Increase in taxes Dissatisfaction Overall decrease of government revenue from taxes
Transcript of Done By: Kerry Cao Caleb Foo Lim Zhong Hui Wong Qin Jiang.
Done By:Kerry CaoCaleb Foo
Lim Zhong HuiWong Qin Jiang
IntroductionSingaporeans aged
60 years and older are expected to rise by ~250%
Singapore would soon have an aging population
Potential Problems
Actions takenCommittee on Ageing Issues (CAI)
Propose policy recommendations for an ageing populationMeet emerging needs of an ageing population
Central Provident Fund (CPF)Helps build up assets and savings in preparation for old
ageProvides a steady stream of income for life, starting at 65.
MediSave, MediShield, MedifundSupplements CPFProtection for illnesses and pay for medical expenses
Actions takenElderShield
Provides basic financial protection to elderly who need long term care
Provides a monthly cash payout to help pay the out-of-pocket expenses
The Child Birth PoliciesVery successful
Implementation
Implementation
Government-Subsidised
Positive towards ageing seniors
Implementation
EvaluationGood governance
Protection and subsidies for the elderly Measures taken are somewhat effective
does not actually solve the root of the problem Help to clear some problems
Policy makingCareful foresight and future-planning for its
people display good response to Singapore's situation and its people's welfare
End
