Senior Worker Early Adopter Grant (SWEAG) and Part-time Re-employment Grant (PTRG)
Type: MNC, SME
Support Type: Employee Retention Grants
Senior Worker Early Adopter Grant (SWEAG) provides funding support of up to $250,000 for employers to raise both their internal retirement and re-employment ages above minimum statutory requirements.
Part-time Re-employment Grant (PTRG) provides funding support of up to $125,000 for employers that commit to a part-time re-employment policy for its eligible senior workers.
Companies can apply for either one or both grants, capped at a total funding of $375,000.
Employers will receive funding support to implement early adoption of higher retirement/re-employment ages and/or part-time re-employment policy for its senior workers. This allows companies to continue tapping on the rich experience and skillsets of these group of workers. Companies adopting these policies will also be seen as progressive employers and will potentially be able to attract more talents.
- Any company registered or incorporated in Singapore including societies and non-profit organisations such as charities and voluntary welfare organisations
- To qualify for the grant, companies will need to have at least 1 senior worker aged 60 years and above.