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The 2023 COL Special Payment and 2023 COL Seniors’ Bonus will be disbursed together in June 2023, with eligible senior Singaporeans receiving up to S$700 in total.
SINGAPORE (The Straits Times/Asia News Network): About 2.5 million Singaporeans will receive a special payment in June that provides relief to the cost of living for Singaporean households, as part of efforts to help them cope with inflation and cushion the impact of the higher goods and services tax rate.
In Budget 2023, support for households and individuals through the Assurance Package was enhanced to help Singaporeans cope with inflation.
Among measures announced by DPM Wong, the Government-paid paternity leave will be doubled from 1 January 2024, and CPF monthly salary ceiling will be raised from S$6,000 to S$8,000 by 2026.
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