25.9 C
Brunei
Tuesday, August 9, 2022
25.9 C
Brunei
Tuesday, August 9, 2022
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    Over 500 learn more about SPK

    Rokiah Mahmud

    The Employees Trust Fund (TAP) continued its campaign to brief on the National Retirement Scheme (SPK) to ministries in the government sector.

    Some 513 officers and staff from the Ministry of Foreign Affairs and Ministry of Health attended the briefing session.

    Since May 2022, more than 5,400 officers and staff in the government sectors were briefed about the new scheme.

    The session touched on the objective of SPK – to further improve the well-being of TAP members during retirement by taking into account various factors and challenges using the income replacement rate (IRR).

    The participants were also briefed on the annuity or monthly payments extended for life to deal with the increasing age, matters relating to the type of SPK withdrawal that is more flexible and allows withdrawals for members’ use before retirement, and the dependents’ welfare that is more expansive not only prior to retirement but also during retirement.

    The new SPK scheme is more inclusive, by admitting those working in the informal sector and the self-employed.

    An activity was also held for the participants to improve understanding and provide feedback.

    The dissemination drive will continue in stages for the private sector, the informal sector and employers.

    Officers and staff from the Ministry of Foreign Affairs (MoFA) and Ministry of Health (MoH) during the briefing session. PHOTO: TAP
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