$2,450 Pension Bonus for Widowed Women in Singapore—True or Clickbait? The Singaporean government has launched many program for eligible women to get the pension bonus. A scheme is also announced for widowed women in Singapore to get a $2,450 pension bonus. These women will be provided with the pension payments in 2025. To find out if this information is true or not, read the complete article “$2,450 Pension Bonus for Widowed Women in Singapore—True or Clickbait?”
$2,450 Pension Bonus for Widowed Women in Singapore
There are several schemes that provide pension payments for low-income senior citizens and retirees. There are some of them: Family Pension, the Silver Support Pension, CPF LIFE, and the Majulah Package. These schemes aim at providing financial assistance to low-income senior citizens or retirees.
There is no official information about the rumors going on about the widowed pension scheme worth $2,450 for women. All these pension schemes have different rules and eligibility criteria. As per the current news, there are approximately 2 million senior citizens of Singapore who receive the senior bonus.
Fact Check—True or Clickbait?
There are various schemes aimed at supporting widowed women by providing them financial assistance and the benefits that their husbands were about to get before their death. However, the $2,450 pension bonus for widowed women in Singapore may be clickbait. The government has not yet announced any scheme related to this topic. The amount may be hypothetical, made up by imaginary figures that are a future possibility. Do not trust any website telling you that this is true news, as there are many frauds that can empty your bank account in minutes. Always trust the official websites of the Singaporean government.
Schemes for Widowed Women to Get Pension Bonuses
CPF (Central Provident Fund) Benefits
The Central Provident Fund Board (CPFB), commonly known as the CPF Board, is a mandatory savings and pension plan for working Singaporeans and Permanent Residents (PRs) mainly to save for their retirement, healthcare, and housing requirements in Singapore.
The CPF is an employment-based savings scheme with the help of employers and employees contributing a fixed amount to the savings to get future benefits.
If the deceased spouse has made a CPF nomination (in most cases, the wife), she will receive the CPF benefits. If there was no legal CPF nomination, then the savings will be disbursed according to the Intestate Succession Act.
Silver Support Scheme
The Silver Support (SS) Scheme offers continuing assistance for Singaporeans aged 65 and above who had low incomes during their working years and now have less in their retirement phase. This scheme is also applicable for widowed women who are eligible for this payment. You can check the eligibility criteria on the official website of the Singapore government.
ComCare Assistance
This scheme offers temporary monetary assistance for lower-income individuals or households who are temporarily not able to work, searching for a job or earning a low income and need assistance. This scheme is also for the widowed women who need temporary economic help. They are provided monthly cash assistance.
Majulah Package
The Majulah Package aims to assist Singaporeans born in 1973 or earlier, especially those born from 1960 to 1973, with an additional raise for their retirement. Widowed women can also receive this payment in 2025 if they’re eligible for it. The amount may be up to $1,000. The Majulah Package includes the following:
- Annual Earn and Save Bonus
- One-time Retirement Savings Bonus
- One-time MediSave Bonus
How to Claim?
- Verify your eligibility through the official website of the government for any scheme that provides financial assistance to women.
- Widowed women can reach out to support organizations like Wicare to get practical and psychological support.
- Check if your husband had made you a nominee for any benefit scheme that you can claim after his death.
Why Do Widowed Women Need to Get Pension Bonuses?
In general, Singaporean women have a longer life expectancy as compared to men. The number of widows in Singapore is more than five times that of widowers. It is really challenging for elderly women to manage the financial needs on their own without the support of their spouses, particularly those without children to depend on. They have a much lower average CPF balance. Their key concern is their financial security.
That’s why a pension bonus must be provided to widowed women to make them financially secure and assist them to keep pace with daily expenses and healthcare costs.