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Home  >>   Daily News  >>   Singapore  >>Investment  >> S$2,000 increase in Baby Bonus, S$1,000 in Medisave grants for newborns
NEW UPDATES Asean Affairs  26 August 2015  




S$2,000 increase in Baby Bonus, S$1,000 in Medisave grants for newborns

SINGAPORE: All babies born from Jan 1 this year will get an extra S$2,000 in Baby Bonus and an additional S$1,000 in Medisave grants, the National Population and Talent Division (NPTD) announced on Tuesday (Aug 25).

The cash gift of S$2,000 – named Baby Bonus Plus – will be disbursed between the 12th and 18th months after the child’s birth. The scheme will also now cover all the children in a family, instead of just the first four children.

Before the increase, those with Singapore citizen babies received S$6,000 for their first and second child, and S$8,000 for their third and fourth child. They will now receive S$8,000 for the first two children, and S$10,000 for the third child onwards.

Each newborn will also get S$4,000 credited into his or her Medisave grant, up from S$3,000 currently. This will be enough to pay for his or her MediShield Life premiums until age 21, and help with other healthcare expenses such as recommended vaccinations.

The Government-paid paternity leave will also be increased by one week, making it a total of two. This additional week of paternity leave will be implemented on a voluntary basis initially, the NPTD said.

The Public Service Division said in a separate statement on Tuesday that it will take the lead by implementing the extended paternity leave with immediate effect. Male public officers will now be eligible for two weeks of paternity leave if they have a Singapore Citizen child born on or after Jan 1, 2015. The paternity leave can be taken within 12 months from the birth of the child, it said.

The moves, first announced by Prime Minister Lee Hsien Loong at the National Day Rally last Sunday, will help defray child-raising expenses and encourage fathers to be more involved in bringing up their children, the NPTD said.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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