SINGAPORE - More than 570,000 Singaporeans will receive $400 to $1,000 as part of the Earn and Save bonus in March.
In a statement on March 20, the Ministry of Manpower (MOM) said the bonus - as part of the $9 billion Majulah Package launched in 2024 under the Forward Singapore Exercise - will provide an additional boost in retirement savings for working seniors.
Singaporeans born in 1973 or earlier will receive the bonus if they meet these requirements:
* Working and have an average monthly income of $500 to $6,000 in the previous year of assessment
* Live in a property with an annual value of $31,000 and below
* Own not more than one property
The bonus will be credited automatically to the CPF accounts of eligible recipients, said MOM.
Citizens can check their eligibility for the bonus on the [govbenefits website](https://govbenefits.gov.sg/), by logging in to Singpass.
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