SINGAPORE: The Singapore government has announced a S$2b package in another attempt to boost the country's low fertility rate.
To encourage couples to start families earlier, the government is making it easier for couples with young children to get their first homes.
Under the Parenthood Priority Scheme, up to 30 per cent of new public flats in matured and non-matured estates will be set aside for couples with children under the age of 16.
Also new is a Parenthood Provisional Housing scheme for this group of parents, who can rent a flat from the HDB while they wait for their new flats to be ready.
The HDB will launch about 1,150 units of three-, four- and five-room flats by the end of this month which can be rented out at between S$800 and S$1,900.
The latest measures are the third round of enhancements to the Marriage and Parenthood package. It will cost the government S$2 billion a year -- higher than the S$1.6 billion in the 2008 package.
It also covers areas such as assisted reproduction, healthcare and paternity leave.
Fathers will finally get paid paternity leave of one week. This is on top of the one-week leave they can co-share with mothers under the working mother's maternity leave entitlement of four months.
Couples who adopt can look forward to four weeks of paid adoption leave for working mothers.
Employers must make provisions for the various paid leave from 1 May 2013.
For those who have difficulty conceiving, the government will help pay a bigger share of Assisted Reproduction Technology treatments.
It will now cover up to 75 per cent of treatment costs. These will be capped at S$6,300 per cycle for three fresh treatment cycles, and S$1,200 per cycle for three frozen treatment cycles.
The Baby Bonus cash gift will increase by S$2,000 per birth, up to the fourth child.
Every newborn will have a CPF Medisave account with a grant of S$3,000 to support healthcare costs.
The enhanced Baby Bonus and Medisave will apply to all Singapore citizen children born on or after 26 August 2012.
Congenital and neonatal conditions will also be covered under MediShield. The government will extend MediShield to cover such conditions from March 2013.
For existing policyholders, such as insured children, they will automatically receive coverage for any congenital conditions diagnosed on or after 1 March 2013.
To encourage couples to start families earlier, the government is making it easier for couples with young children to get their first homes.
Under the Parenthood Priority Scheme, up to 30 per cent of new public flats in matured and non-matured estates will be set aside for couples with children under the age of 16.
Also new is a Parenthood Provisional Housing scheme for this group of parents, who can rent a flat from the HDB while they wait for their new flats to be ready.
The HDB will launch about 1,150 units of three-, four- and five-room flats by the end of this month which can be rented out at between S$800 and S$1,900.
The latest measures are the third round of enhancements to the Marriage and Parenthood package. It will cost the government S$2 billion a year -- higher than the S$1.6 billion in the 2008 package.
It also covers areas such as assisted reproduction, healthcare and paternity leave.
Fathers will finally get paid paternity leave of one week. This is on top of the one-week leave they can co-share with mothers under the working mother's maternity leave entitlement of four months.
Couples who adopt can look forward to four weeks of paid adoption leave for working mothers.
Employers must make provisions for the various paid leave from 1 May 2013.
For those who have difficulty conceiving, the government will help pay a bigger share of Assisted Reproduction Technology treatments.
It will now cover up to 75 per cent of treatment costs. These will be capped at S$6,300 per cycle for three fresh treatment cycles, and S$1,200 per cycle for three frozen treatment cycles.
The Baby Bonus cash gift will increase by S$2,000 per birth, up to the fourth child.
Every newborn will have a CPF Medisave account with a grant of S$3,000 to support healthcare costs.
The enhanced Baby Bonus and Medisave will apply to all Singapore citizen children born on or after 26 August 2012.
Congenital and neonatal conditions will also be covered under MediShield. The government will extend MediShield to cover such conditions from March 2013.
For existing policyholders, such as insured children, they will automatically receive coverage for any congenital conditions diagnosed on or after 1 March 2013.
