$255m in Medisave top-ups for Pioneer and Merdeka Generation seniors
He said the Pioneer and Merdeka generations had weathered difficult storms in the early years of Singapore and contributed to Singapore's growth.
In a joint statement, the Ministry of Finance and Ministry of Health said the top-up for Pioneer members totals $160 million while the top-up for Merdeka seniors is $95 million. Eligible Merdeka Generation seniors will receive $200 in Medisave top-ups annually until 2023. They started receiving the sum from last year.
For the Pioneer Generation Package, $8 billion was set aside in 2014 to be given out to those born in 1949 or earlier to help cover outpatient subsidies, Medisave top-ups, MediShield Life premium subsidies and payouts for long-term care.
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