COS 2016: MSF – Benefits for Unwed Parents and their Children
The full grant will be given to all Singaporean babies, regardless of whether their parents are married.
These will be given out from next January.
These details were released by yesterday, after announced the measures on Sunday.
While the extra sum is handed out on the 15th and 18th month after the child's birth, the original cash bonus will still be given in the first, sixth and 12th month after the child is born.
As for extending the cash bonus to unwed parents, she said it was "something we're always discussing with parents, the public and the Ministry of Social and Family Development, and we will always review this".
It's still a very important value for us to cherish and endorse, so this is where a distinction is probably still necessary," she added.
The new Medisave grant will be enough to pay the Bigger baby bonus and medisave grant for newborns Life insurance premiums of the child until he or she reaches the age of 21, said Ms Fu.
Children born overseas can qualify for just click for source grant on the registration of their birth with the Immigration and Checkpoints Authority, or through Bigger baby bonus and medisave grant for newborns overseas missions.
Assistant marketing manager Yong Yong Kang, 26, whose daughter Gwyneth was born in April, welcomed the extra sums.
He also welcomed the extra paternity leave, saying: "As a first-time dad, I'm always thinking about Gwyneth, so if possible, I want to spend more time with her.
By Charissa Yong, The Straits Times, 26 Aug 2015 The newly announced extra week of is voluntary for now, but may be made mandatory in a few years' time.
This will give companies struggling to cope with the labour crunch and economic restructuring time to adjust, said Minister in the Prime Minister's Office Grace Fu, who oversees population issues.
Before making the change mandatory, the Government "will discuss it first with employers and unions", she added.
Prime Minister Lee Hsien Loong announced on Sunday at the National Day Rally that paternity leave will be doubled and is backdated to take effect at the start of this year.
The Government is encouraging bigger companies to take the lead in offering the extra week, and the public service has come on board.
The paternity leave can be taken by default as a two-week block within 16 weeks after the child's birth.
Alternatively, it can be taken any time within a year of the child's birth if agreed on by the employee and employer.
Working fathers are eligible for the extra paternity leave if their employers voluntarily provide the leave, and if they worked continuously for at least three months before the child was born.
The father must also be married to the bigger baby bonus and medisave grant for newborns mother, and the child must be a Singapore citizen.
A National Population and Talent Division NPTD spokesman said more than 21,000 fathers have taken paternity leave as of May.
Paternity leave was introduced in May 2013.
The NPTD said more than 40 per cent of fathers with children born that year took the leave.
The NPTD spokesman added that the take-up rate is in line with those of other countries, starting off lower but increasing gradually over time.
SMEs applaud changes but worry about rising costs By Jacqueline Woo and Yvonne Lek, The Straits Times, 26 Aug 2015 Small and medium-sized enterprises SMEs here have voiced concerns abut costs climbing as a result of bigger baby bonus and medisave grant for newborns announced at the National Day Rally.
Prime Minister Lee Hsien Loong announced on Sunday that working fathers will receive an extra week of paternity leave, paid for by the Government, if employers opt in under the new scheme.
This means male employees will be eligible for a total of two weeks of paternity leave, instead of one.
Industry watchers and local businesses The Straits Times spoke to mostly gave the two changes the thumbs up, but also raised concerns about their implications.
Wages aside, SMEs will have to zynga and facebook game cards free pin code additional costs for their overall staff if they are to offer employees an extended period of paternity leave, noted Mr Kurt Wee, president of the Association of Small and Medium Enterprises.
These include the expense of hiring replacement workers in an environment where the cost of doing business is already "quite high".
Mr Victor Tay, chief operating officer of the Singapore Business Federation, said smaller-scale businesses, in particular, are "apprehensive of more absence of employees in an already resource-tight environment".
But rising costs continue to be a cause for worry for the company, which is "trying to stay lean" while coping with the chronic labour shortage across the sector.
Ms Connie Kwan, chief operating officer of home-grown chocolate manufacturer and wholesaler Bigger baby bonus and medisave grant for newborns Chocolate, said: "If companies can get tax credits for paternity leave, this will make the scheme more attractive to them.
Employers can offer re-employment but employees must want to work," he added, noting that most seniors tend to retire instead.
Mr Jerry Lim, chief operating officer of local restaurant chain JP Pepperdine, said: "If senior employees are competent and still able to work, there's no reason for us to not support them, especially in today's labour- starved market.
S'poreans welcome measures to encourage marriage and parenthood
1. Increase in Baby Bonus. An extra $2,000 for each child, and an extension of baby bonus to the fifth child and beyond. This means that the first and second child will now get an $8,000 cash gift, while subsequent babies get $10,000 each. 2. Increase In Medisave Grant For Newborns. There will be a $1,000 increase in Medisave grant from $3,000.
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