Useful Information for Employers

How much SEC and ASEC can employers receive?

​​​​​​​​​​​​​​​From 2017 onwards, employers hiring Singaporean workers aged 55 and above, and earning up to $4,000 will continue to receive wage-o​ffsets, tiered by age (see table below).

​Age (years)​Wage-offset
​55 - 59Up to 3% of monthly wage​
60 - 64​Up to 5% of monthly wage​
65 & above​Up to 8% of monthly wage​


In 1 January 2015, an additional wage offset of up to 3% of an employee's monthly wages was introduced to encourage employers to voluntarily re-employ Singaporeans aged 65 and above. At Budget 2017, it was announced that this additional wage support would be extended from 1 July 2017 to 31 December 2019 to encourage the voluntary re-employment of older Singaporeans who would not be covered by the new re-employment age of 67, i.e. individuals born before 1 July 1952 and those above age 67 on 1 July 2017. ​​

Taken together, this means that employers who hire workers not covered by the re-employment age of 67 will receive an SEC of up to 11% of an employee’s monthly wages​.​ ​

​The SEC/ASEC payout formula for work done from 1 January to 31 December 2019, and the extended period of 1 January to 31 December 2020 is as follows :​​​​​

​​​​​  Income of employee in a given month ($) 
​ ​​​​ SEC/ASEC for the month ($) for employers who hire Singaporeans ​
Aged between 55 and 59 (i.e. >=55yrs 0mths and <=59yrs 11mths) Agedbetween 60 and 64 (i.e. >=60yrs 0mths and <=64yrs 11mths) Aged between 65 and 67 (i.e. >=65yrs 0mths and <67yrs 0mths) Aged 67 and above (i.e. >=67yrs 0mths)​
​Born on or after 1 July 1952 Born befor​e 1 July 1952​
Up to 3,000 3% of wage5% of wage​8% of wage11% of wage​11% of wage​
> 3,000 to 4,000360 – (0.09*wage)​600  (0.15*wage)​960 – (0.24*wage)1,320​ – (0.33*wage)1,320  (0.33*wage)​
 ​
The amount of SEC/ASEC payouts employers will receive per month for 1 January 2019 to 31 December 2020 is in the table below.​​
​​​​​​​  Income of employee in a given month ($) 
​​ ​​​​ SEC/ASEC for the month ($) for employers who hire Singaporeans ​
Aged between 55 and 59​​​
[Up to 3% SEC]​
Aged between 60 and 64​
[Up to 5% SEC]
Aged between 6​5 and 67 
aged 67 and above​
[Up to 11% SEC]
​Born on or after 1 July 1952
[Up to 8% SEC]
Born before 1 July 1952​
[Up to 11% SEC]
50015.0025.00​40.0055.00​55.00​
1,00030.0050.00​​80.00​110.00110.00​
1,50045.00​75.00120.00165.00​165.00​
2,00060.00​100.00160.00220.00​​220.00
2,50075.00​125.00200.00275.00​​275.00
3,00090.00​150.00240.00330.00​​330.00
3,25067.50​112.50180.00247.50​​247.50
3,50045.00​75.00120.00​165.00​165.00
3,75022.50​37.5060.00​82.50​82.50
≥​4,0000​00​0​0



The SEC payout reduces linearly for monthly wages between $3,000 to $4,000.​​