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Singapore offers US$74,500 bonus to retain nurses, amid labour shortage, ageing population
- Covid-19 exacerbated the nursing shortage in Singapore, with a higher than usual number of foreign nurses leaving during the pandemic, the health minister said
- Under the incentive scheme, nurses will be entitled to up to US$74,500 over 20 years, or up to retirement age, whichever comes first
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Singapore will pay nurses a bonus of up to S$100,000 (US$74,500) to encourage them to stay in the public health system as the city state deals with a staff shortage and a rapidly ageing society.
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About 29,000 nurses in the publicly funded healthcare system will be eligible under the new retention plan, in which they would receive payouts over a 20-year period, or up to the prevailing retirement age, whichever is earlier, Health Minister Ong Ye Kung said in a speech on Tuesday.
“We want to support our nurses to do a good job,” Ong said.
The benefits are also open to foreign nurses after they have served four years in the country’s public healthcare sector.
Ong said Covid-19 had exacerbated the nursing shortage in Singapore, with a higher than usual number of foreign nurses leaving during the pandemic.
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