Majulah Package 2025: Retirement Bonus to Support Seniors in Need

As Singapore continues to embrace inclusive growth, the government has rolled out the Majulah Package in 2025—a major initiative designed to uplift the financial security and healthcare readiness of older Singaporeans. This comprehensive package reflects the nation’s long-standing commitment to ensure that every citizen, especially seniors, shares in the country’s progress.

What Is the Majulah Package?

Announced as part of Budget 2024 and launched in 2025, the Majulah Package is a multi-pronged support initiative tailored for older Singaporeans. The aim is to ensure seniors receive adequate support to meet both retirement savings goals and healthcare costs, two of the most pressing needs in later life.

Structured around CPF top-ups and one-time bonuses, the scheme offers peace of mind for those approaching or already in retirement. It also rewards lower-income seniors who remain in the workforce, acknowledging their continued contributions.

This initiative is a cornerstone of the government’s broader agenda to build a fairer and more inclusive society.

Eligibility Criteria

To receive benefits under the Majulah Package, recipients must meet several core eligibility criteria. The scheme specifically targets older Singaporeans who may be at greater risk of retirement income shortfalls or healthcare expense burdens.

General Eligibility:

• Age: Born on or before December 31, 1973.
• Citizenship: Must be a Singapore Citizen.
• Income Level: Subject to means testing; priority is given to lower- and middle-income seniors.
• Property Ownership: Must not own more than one property.
• CPF Balances: Some components, like the Retirement Savings Bonus, target those who have less than the Basic Retirement Sum (BRS) in CPF.

The eligibility process is conducted through government data, and no manual application is needed.

Majulah Package Benefits?

The Majulah Package is built on three primary benefits. Each one supports a different aspect of senior financial security—active income support, retirement savings top-up, and medical savings enhancement.

1. Earn and Save Bonus (Annual CPF Top-Up)

• Who It’s For: Working seniors
• Amount: Between S$400 and S$1,000 annually
• Purpose: Topped up directly into CPF accounts to grow retirement savings
• Income-Based: Lower-income workers receive higher top-ups

This benefit encourages continued employment among older Singaporeans and rewards them with CPF contributions that compound over time.

2. Retirement Savings Bonus (One-Time)

• Who It’s For: Seniors whose CPF balances fall below the Basic Retirement Sum
• Amount: Up to S$1,500, disbursed once
• Objective: Helps close the gap in retirement savings

This one-time bonus is designed to boost retirement adequacy for seniors who may not have had consistent CPF contributions during their working years.

3. MediSave Bonus (One-Time)

• Who It’s For: All eligible seniors
• Amount: Up to S$2,000
• Purpose: Deposited into MediSave accounts for future healthcare needs
• Factors: Calculated based on age, housing type, and property ownership

This top-up provides seniors with greater assurance that their healthcare costs will be manageable, especially as they age.

Payment Timeline

The rollout of the Majulah Package began in early 2025 and is staggered throughout the year to ensure smooth administration. This also ensures that seniors benefit from timely injections of financial support rather than receiving it all at once.

Timeline:

• March 2025: First wave of Earn and Save Bonus disbursed to over 570,000 seniors
• Mid to Late 2025: Retirement Savings Bonus and MediSave Bonus rolled out progressively
• All payments go directly into CPF accounts, where they continue to earn interest

This efficient payout system reduces the need for administrative overhead and allows seniors to track their funds through CPF and Singpass portals.

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