Wednesday, August 20, 2008

Enhanced 2008 Marriage and Parenthood (M&P) Package

PM Lee annnounced the Ehanced 2008 Marriage and Parenthood (M&P) Package at the National Day Rally. We as first time parents were overwhelmed and delighted but the happinness is shortlived.

1. Enhanced Baby Bonus
The cash gift for the first and second child will be raised from $3,000 to $4,000. Read
more.

2. Children Development Account
The government matching contribution will be extended to the first child at up to $6,000.

3. Extended Government Paid Maternity Leave
Maternity leave will be extended from 12 weeks to 16 weeks for mothers. The last eight weeks can be taken flexibly over 12 months from the birth of the child, subject to mutual agreement between the employer and employee. More more
MOM website.

The catch! For Singapore citizen babies born on or after 1 January 2009 (or whose Estimated Date of Delivery is on or after 1 January 2009) to lawfully married parents.

Megan estimated DOB is Dec 2008 so we do not qualify! It's like kenna only 3 digit for 4D!

1 comment:

I Jen said...

Not to mention that Megan's mom is very upset! One month of maternity leave gone!!! This is really too stupid.