A Singapore Government Agency Website
This report looks at establishments’ provision of retrenchment benefits to employees eligible for retrenchment benefits.
9 in 10 establishments continued to pay retrenchment benefits to eligible employees. The proportion of small establishments with 10 to 24 employees which paid retrenchment benefits was comparable to those with 25 to 199 employees. Majority of establishments continued to pay 1 month of salary per year of service, although more were giving out lump sum payments.
Released on: 29 December 2016