Singapore Plans New Law To Back Gig Workers’ Retirement

This year, Singapore is set to roll out new law designed to support gig economy workers with their retirement planning and offer them work injury compensation.

Minister for Manpower Tan See Leng made this announcement, highlighting the nation’s commitment to supporting its workforce.

“In our pursuit of including every Singaporean, especially our most vulnerable workers, we’re taking decisive steps,” Tan stated in his May Day message.

He described the initiative as a pioneering move in employment law, noting that Singapore is among the first in the world to implement such measures.

Commonly referred to as platform workers, gig economy participants are typically engaged with online platforms such as Grab, Deliveroo, and Lalamove.

These platforms provide them with the means to offer services such as ride-hailing or food delivery directly to consumers.

The forthcoming legislation not only addresses work injury and retirement savings but will also facilitate collective representation for gig workers, said Tan.

This approach aims to provide a more structured and secure working environment for individuals in this sector.

Following the 2022 adoption of recommendations from an advisory panel on gig worker policies, platform companies are now expected to ensure protection against work-related injuries.

These recommendations have set a precedent for enhancing worker safety and financial security.

Furthermore, the government is preparing to unveil additional support measures for unemployed individuals, aiding their reintegration into the workforce.

These initiatives reflect Singapore’s proactive stance in adapting to the evolving needs of its modern workforce, ensuring that no worker is left unprotected as the economy continues to transform.