CNA reported that parliament has just approved the Silver Support Scheme (SSS) which will give low-income elderly a stipend of $300 – $750 every quarter to supplement their income.
To my relief, the report mentions that the elderly will be means-tested to see if they qualify for the scheme, and how much they would receive.
One of the main points highlighted is that the SSS is not a substitute for retirement income and it is only meant as a supplement.
Earlier this year, SingFirst (some random opposition party) came up with an article on how they would spend our money, which I dissected and wrote off as being fundamentally unsound ideas.
One of my biggest gripes was their ridiculous suggested policy of giving a monthly $300 “pension” to the elderly. You know, that retired towkay that drives his Merc to MBS for valet parking before he blows through a …