Achieving Inclusive Growth And Retirement Adequacy - Ag minister tan chuan - Jin

some of the programmes that we are looking at to assure Singaporeans, and those are important, and importantly, to make sure those packages are sustainable, this is something many countries are grappling with. Others have also shared their concerns over the more vulnerable groups of Singaporeans, who struggle to make ends meet and have fewer opportunities to move ahead. So we remain, as a government, committed to fostering inclusive growth. I think much of what we have done, not just this year but in the last few years have indicated that that's something that we are placing emphasis on. We want all our citizens to enjoy the fruits of our economic success to achieve financial security for themselves and their families. Work is the best form of financial security. Our strategy at the broadest level is to keep unemployment low by keeping the economy healthy and thriving so that good jobs can be created, at the same time, maintain a tight labour market and encouraging more to work. With increasing life expectancy, many Singaporeans are able and want to work until they are older. As announced in Budget 2014, we will be increasing the CPF employer contribution rates to the Medisave Account (MA) for all workers. Older workers will also enjoy further increases to CPF contribution rates, to help them build up more savings for their retirement needs.