S'pore Platform Workers Set for Enhanced Workplace Injury Compensation and CPF Contributions Under New Law
Tuesday, 10 September 2024, 03:48
Key Benefits of the New Law
The anticipated law will transform the landscape for S'pore platform workers.
- Increased Compensation: Eligible workers can expect improved financial support during workplace injuries.
- Higher CPF Contributions: Contributions will enhance the retirement savings of these workers.
Financial Impact
According to estimates, a 35-year-old platform worker earning S$3,000 in net monthly income could receive a total of S$23,830 in additional cash and CPF contributions over time. This change not only aids in workplace injury situations but also strengthens the overall financial framework for platform workers.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.