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To what extent do you agree that government support plays the most important role for an ageing

population?

Community help Government support


 Giving social and emotional support and  Government made laws and introduced
provide healthcare and social services. measures to protect the interests of
Home Nursing Foundation senior citizens.
 Housewives, students and retirees to Tax Relief
look after senior citizens.  Taxpayers can claim income tax
 Offer free health checks. deduction if they take care of
 Organises some recreational activities.  Elderly relatives
 So as to help senior citizens remain  Contribute to their or their elderly
physically, mentally and socially active. dependents’ CPF retirement accounts
 When grandparents take care of
child/grandchild while both parents
work.
Tribunal for Maintenance of Parents
 Parents incapable of supporting
themselves
 And are above the age 60 years old
 Can claim financial support from their
children.
Public Housing Scheme
 1st time buyers of government flats will
get housing
 If the flat is in the same area where their
parents live.
Central Provident Fund
 Compulsory for employees.
 Special account for retirement,
emergency and investment.
 Medisave account can be used for
medical expenses.
 Retirement account
 Can withdraw savings once they reach
55 years of age
 But must leave a minimum sum..
 From 62 years old, they will get a
monthly sum to ensure they still have
some money.
Family support Individual responsibility
 Bring social stability and harmony.  Have to prepare for old age.
 Main source of emotional, social and Healthy lifestyle
financial support.  Individuals have to watch their diet.
The Senior citizen’s Week  They have to exercise regularly.
 To encourage the elderly to have a Financial planning
positive attitude.  Individuals have to plan early.
 To remind everyone to create a socially  So that they will be financially prepared
conductive environment. for old age.
Grandparent’s Day  They have to attend talks and read about
 Bring families together to show financial planning so that they will learn
appreciation for the elderly. about retirement planning.

Conclusion
 The most important factor is individual responsibility.
 By being responsible and keeping a healthy lifestyle, the elderly would not get sick easily,
thus they would not need much financial support.
 In addition, by doing their own financial planning, they would not need financial support too.
 By mentally preparing for old age they would also not need much emotional support.
 Thus, the individual’s responsibility is the most important.

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