Prognosis
Singapore to Offer Nurses Bumper Payouts to Keep Them Working
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Singapore will pay nurses up to S$100,000 ($74,000) over 20 years as part of a long-term plan to keep them in the workforce as the city-state grapples with an aging population and increasing pressure on hospitals.
About 29,000 nurses in the publicly funded health-care 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 Tuesday. The benefits are also open to foreign nurses after they have served four years in the country’s public health-care sector.