What benefits can permanent residents enjoy?

As one of the countries with the most developed economy and the richest population in the world, Singapore naturally becomes the most popular target country for immigrants. Next, let's look at the advantages of Singapore immigrants. What benefits can permanent residents enjoy?

I. Paid holidays

The most striking thing is its big and small holidays. Statutory holidays shall be closed according to regulations, and wages shall not be deducted. If the holidays are separated, you can also apply for leave, which is very flexible.

According to the government regulations, all employees who have worked for more than one year can enjoy at least 7 days of annual leave and at most 2 1 day, and at most 28 days of paid sick leave every year, except normal holidays. Everyone is free to choose the time of vacation.

Second, medical insurance.

As a country that entered the ranks of developed countries very early, Singapore's government has been very perfect in medical services. In addition to the promotion and popularization of medical insurance, medical savings are also strongly advocated.

If you get sick, medical insurance, health savings and individuals share the cost of treatment, of which individuals bear no more than 20%, which greatly reduces the risk of illness to families.

Third, the provident fund system

China, as the first country in the world to popularize the provident fund system, has become an important social security system in Singapore after more than 60 years of development, not only for housing.

As long as you are successfully registered in Singapore, you can start to pay the provident fund, and the amount is 30% of your salary, of which I only need to pay 10% and the employer only needs to pay 20%.

Fourth, the pension system

At present, the retirement age in Singapore is 55, that is, everyone needs to pay fees before the age of 55, but they can enjoy allowances after the age of 62. This fee is also composed of enterprises and individuals.

According to government regulations, the minimum amount of an account is S $90,000, which will be increased to S $6,543,800+S $2,000 in 2020. It should also be noted that if the beneficiary dies, the provident fund will be transferred to the name of the spouse or other immediate family members.