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The main takeaways from PM Lee's National Day Rally speech

During the National Day Rally, Prime Minister Lee Hsien Loong outlined new and continuing efforts that sought to answer the key questions Singaporeans ask themselves — how to improve their lives, what would happen to them in old age and where the country will be in the future.

During the National Day Rally, Prime Minister Lee Hsien Loong outlined new and continuing efforts that sought to answer the key questions Singaporeans ask themselves — how to improve their lives, what would happen to them in old age and where the country will be in the future. 

Here are the main takeaways from his speech:

MEETING RETIREMENT NEEDS

  • Lease Buyback Scheme extended to four-room flats: Read more about it here.
  • New Silver Support scheme to provide annual bonus for low-income seniors aged 65 and up to help them with living expenses: Read more about it here.
  • Option to withdraw part of CPF savings in lump sum during retirement, subject to limits (e.g. up to 20 per cent of total): Read more about it here.
  • CPF Minimum Sum raised to $161,000 next year - no major increases expected thereafter: Read more about it here.

EDUCATION

  • New tripartite committee to develop system of education training and career progression for all Singaporeans; drive support and recognition for advancement based on skills: Read more about it here.

GOVERNMENT AGENCIES

  • New Municipal Services Office overseen by Minister in Prime Minister's Office Grace Fu to coordinate government agencies to serve public better: Read more about it here.

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