The MRSS helps caregivers build retirement savings for eligible persons with disabilities. This can alleviate worries from caregivers about their child’s long-term financial needs, especially how their child will be cared for after they have passed on. 

For example, if a caregiver of a seven-year-old child diagnosed with autism makes a cash top-up of $2,000 every year for ten years, their child will see an increase in CPF retirement savings of at least $320,000 when he is 65 years old. This will allow the child to receive an increase of $1,700 in monthly payouts during retirement. 

Eligible caregivers aged 55 years old and above may also benefit from the MRSS for seniors.