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National Day Rally 2023: S$7 billion Majulah Package to help 1.4 million seniors with CPF savings
Meant for Singaporeans born in 1973 or earlier, the Majulah Package has three components:
- Earn and Save CPF bonus of up to S$1,000 each year for those who are working
- One-off Retirement Savings Bonus of up to S$1,500 for those who have not met basic retirement sum
- One-off Medisave bonus of up to S$1,000
