Special Employment Credit

Background

From 2012 to 2016, employers who hire Singaporean employees aged above 50 earning up to $4,000 a month receive SEC of up to 8% of the employee's monthly wages. 

As announced at Budget 2016, the SEC will be extended for three years (viz. 1 January 2017 to 31 December 2019) to continue providing a wage-offset to employers hiring Singaporean workers aged 55 and above, and earning up to $4,000. 

Re-employing Older Workers not covered by the new re-employment age of 67
To encourage employers to voluntarily re-employ Singaporeans aged 65 and above, it was announced at Budget 2015 that an additional wage offset of up to 3% would be introduced in 2015. 

From 1 July 2017, the re-employment age will be raised from 65 to 67. The new re-employment age of 67 will apply to those who turn 65 on or after 1 July 2017; in other words, those born on or after 1 July 1952. As announced at Budget 2017, the additional wage offset of 3% will be extended from 1 July 2017 to 31 December 2019 to encourage employers to voluntarily re-employ the two groups of employees who are not covered by the new re-employment age.

  • First, those aged 65 and above but below 67 and not covered by the new re-employment age of 67.
  • Second, those beyond the new re-employment age of 67.

Persons with Disabilities
​To support employment of Persons with Disabilities (PWDs), the SEC was extended to employers that hire PWDs of all ages in 2012. The SEC for PWDs is set at 16% of the employee's monthly income, up to $240 per month.​