National Day Parade 2021 Moved To Aug 21

Amidst the latest COVID-19 restrictions and the emergence of new cases, the National Day Parade 2021 (NDP) will be postponed to August 21. All Singaporeans will be able to join the National Day celebrations safely at home as there will be a livestream of the parade.

To mark Singapore’s 56th year of independence, a ceremonial parade will be held on August 9 instead. It will be similar to the celebration held last year, but it will take place at the Marina Bay floating platform. This announcement was imparted by the Ministry of Defence (Mindef).

TIGHTER COVID-19 MEASURES

By the end of July, there was an emergence of a large cluster linked to Jurong Fishery Port. Health Minister Ong Ye Kung stated:

“Unfortunately, while our fishmongers and stall assistants were going about earning an honest living, they got infected at the port. As they went on to work at various markets around the island, many more cases in the community were seeded.”

Tightening of measures was deemed to be vital at this point. Changes in the NDP came as the country went back to stricter measures under Phase 2 – Heightened Alert. It was scheduled to last until August 18, after the National Day. During this period, dining inside eateries is not allowed, group sizes for social gatherings have been capped at two, capacity caps for attractions and malls were cut, and people were advised to minimize social interactions.

CANCELLATION OF FIREWORKS & CHANGES IN REHEARSALS

The Red Lions displays and heartland fireworks, previously announced to be held on August 7 and 8, will be cancelled. Rehearsals and preparations for the NDP will also be subjected to changes.

Last July 17, a combined rehearsal happened at the floating platform. Moreover, Red Lions parachutists made test jumps in Ghim Moh and Bishan on July 15. The succeeding rehearsals will be conducted in smaller component groups, according to Mindef. Dates will not be disclosed to the public to discourage crowds from gathering around Marina Bay.

NATIONAL DAY PARADE 2021

NDP 2021 is planned to be a centralized, in-person event at the Marina Bay floating platform. Precautions taken include requiring all the performers and spectators to be fully vaccinated. Performers must undergo rapid antigen testing before every rehearsal and spectators must undergo pre-event testing.

Tickets would be given to those who have contributed to the fight against COVID-19. These people include Singaporean front-liners, community volunteers, and essential workers.

Image Credits: unplash.com

NATIONAL DAY RALLY

NDP is an important event that brings together Singaporeans from all walks of life, as one united people to affirm unity and nationhood. Mindef said:

“The changes this year will enable NDP 2021 to be held in safer conditions, while maintaining that cherished tradition.”

Apart from the NDP changes, the Prime Minister’s Office adds that the National Day Rally will now be held on Aug 29.

Sources: 1 & 2

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Delayed Retirement Age And Other Changes In Singapore Retirement

Despite the economic headwinds, the retirement age will begin to shoot up in 2022. Manpower Minister Josephine Teo highlighted they “did not arrive at this date lightly even though towards the later part of our deliberations, it was clear to us that the economic conditions have changed quite considerably.” All that is left for us to do is to adapt to the recent changes in the retirement age and CPF contributions.

INCREASED MOM RETIREMENT AGE

Foresee a gradual increase in Ministry of Manpower’s retirement age. Currently, the official retirement age is 62 years old. This number will increase to 63 years old in 2022 and to 65 years old in 2030. Do you think a higher retirement age is desirable?

Nonetheless, Prime Minister Lee Hsien Loong greatly emphasized that there is no change to the CPF payout ages and withdrawal. You may withdraw money from your CPF RA upon reaching 55 years old and start receiving CPF LIFE payouts from age 65. All these were discussed during the National Day Rally.

ALTERED EMPLOYMENT PROCESS

Possibly one of the most affected with the changes in the retirement and re-employment age is your employer. It is completely legitimate to work up to the MOM re-employment age. Your employer cannot deny you that.

At the moment, the re-employment age is 67. It will increase to 68 years old by 2022 and eventually become 70 years old by 2030. It is highly encourage that employers equip these employees with necessary training and skills to help them tackle the contemporary positions.

In light of the aging workforce, the Tripartite Workgroup on Older Workers made several other suggestions to restructure the work environment in Singapore.

RAISED CPF CONTRIBUTION RATES

Aside from the changes in retirement and re-employment age, the CPF contributions for workers beyond age 55 will be raised. This will be felt from January 1, 2021 onwards. The extra CPF contributions will go straight to your CPF Special Account.

When the CPF contributions for the 55-60 years old age group increases by 2021, the allocation for your CPF (SA) will jump from 3.5% to 5.5%. The rest will remain the same.

Image Credits: unsplash.com

May these guidelines and significant changes help you decide for a better future ahead!

Sources: 1 & 2

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