Why will the Workfare Income Supplement for platform workers be aligned with that of employees only in 2029 when their increased CPF contributions are implemented in 2025?
CPF contributions rates for platform workers will gradually increase from 2025 to 2028. To support lower-income platform workers during this period, the Platform Workers CPF Transition Support (PCTS) will help mitigate the drop in take-home earnings. The PCTS will fully cover the rise in CPF contributions in 2025 and will gradually taper off before ending in 2029.
In 2029 when the CPF contribution rates for platform workers are fully aligned with those of employees, the Workfare Income Supplement will be aligned with employee rates for platform workers who are either mandated or opt in to the increased CPF contributions.
This information is sourced from CPF
Related questions
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