Mr Lee touched on current global issues as well, such as climate change and the US-China trade tensions, and how they affect Singapore.By 2030, theThe retirement age, which is currently 62, will go up to 63 in 2022. This will further be raised to 65 by 2030.
By the time the changes are completed, workers aged 60 and below will be able to “enjoy the full CPF rates”, Mr Lee said..On the education front, Mr Lee announced several measures aimed at helping lower-income students in tertiary-level institutions:Bursaries for polytechnic diploma programmes to increase from up to 80 per cent of fees, to up to 95 per cent
This will result to an additional 30,000 more households in Singapore, who will qualify for preschool subsidies. According to a Swiss study, by 2050, several cities in the world will experience “unprecedented” climate shifts – Singapore being one of them.Mr Lee said that coastal defences would be needed to protect Singapore against rising sea levels, specifically pointing to critical areas such as East Coast and Jurong Island.
“Although Singapore may not be able to stop climate change by ourselves, we can contribute solutions, and we must do our part.”In his speech, Mr Lee laid out his vision for the Greater Southern Waterfront . The area will be redeveloped as a new place to live, work and play.