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Capability Development Grant For SMES To Implement Re-Employment
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Tap on $10,000 from the Capability Development Grant to defray some of the costs incurred in implementing a HR system to support Re-employment.
As part of the effort to help older employees remain economically productive, the Government has enact the Retirement & Re-employment Act (RRA) to enable more people to continue working beyond the current statutory retirement age of 62, up to 65 in the first instance and subsequently, up to 67.
The RRA was passed will require employers to re-employ eligible employees who attain the statutory minimum retirement age of 62 years old or contractual retirement age (whichever is higher,) on or after 1 January 2012.
Specifically designed for SMEs, the grant is part of an initiative developed by Singapore Workforce Development Agency (WDA) in partnership with the Tripartite Partners to help companies to put in place HR systems to facilitate practices in preparation for the Re-employment Legislation.
For more information on the funding support and eligibility criteria, please visit http://www.asme.org.sg.
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