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Pioneer Generation Package

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In Singapore, the Pioneer Generation Package (PGP; Chinese: 建国一代配套, pinyin: Jiànguóyìdài pèitào; Malay: Pakej Generasi Perintis) is a S$9 billion package launched in 2014 aimed at helping pioneering Singaporeans to meet retirement adequacy. PGP is designed to honour elderly Singaporeans for their contributions to Singapore during the nation's nascency. The package covers approximately 450,000 Singaporeans over an estimated 20-year period. PGP caters for Singaporeans born before 1950, and obtained citizenship before 1987.[1][2]

References

  1. ^ https://www.moh.gov.sg/content/moh_web/home/costs_and_financing/schemes_subsidies/pioneer-generation-package.html
  2. ^ http://www.singaporebudget.gov.sg/data/budget_2014/download/annexb1.pdf
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