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Workers’ redundancy insurance and parental leave proposals
About introduction New SkillsFuture jobseeker support schemeThe Workers’ Party said it agreed with Mr Wong’s view that job losses would severely destabilise workers and their families.
The new scheme provides temporary financial assistance of up to S$6,000 for up to six months to low- and middle-income workers who are involuntarily unemployed.
The Workers’ Party, citing its 2016 policy document, called for a redundancy insurance scheme.
The proposal aims to reduce the financial pressure on retrenched workers, provide them with a longer time to find suitable re-employment, and minimize the impact of unemployment on their families’ health and well-being.
The opposition said it reiterated the call in its 2020 general election manifesto and in parliament’s 2023 budget debate.
According to the Workers’ Party’s manifesto, retrenched employees will receive compensation equivalent to 40% of their last salary for up to six months.
The grant will be capped at S$1,200 per month, with a minimum grant of S$500 per month to help low-wage workers. Subsequent grants after the first will depend on whether the worker is actively seeking a new job or undergoing retraining.
The Workers’ Party added that its redundancy insurance scheme is “funded primarily by premiums paid by workers while in employment, rather than by taxpayers”.
The party also expressed its dismay at Joshua Wong’s announcement that parents of newborns would receive Additional 10 weeks shared vacation.
On April 1, 2026, the new shared parental leave scheme comes into full effect, giving parents a total of 30 weeks of paid leave.
The Workers Party referred back to its 2020 manifesto, saying its proposal would give parents the right to 24 weeks of government-paid leave. The length of this leave would be chosen by both parents, but mothers would get at least 12 weeks and fathers would get at least four weeks.
WP said Mr Chua and Sengkang GRC MP and Associate Professor Jamus Lim repeated this call during the meeting. Parliamentary debate White Paper on Women’s Development in Singapore, April 2022.
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