As our population continues to age, the issue of financial security for older people in Singapore has become a pressing concern. Many rely on pensions and benefits to support their daily expenses, but accessing these resources can sometimes be a struggle. In this article, we will dive into the top four challenges faced by older people in Singapore when it comes to accessing pensions and benefits.
One of the main challenges faced by older people is the complex eligibility criteria for pensions and benefits. The criteria often require applicants to meet various requirements, such as age, income level, and residential status. These criteria can be confusing and overwhelming, especially for those who are not well-versed in financial matters. As a result, many older people may miss out on potential benefits due to their inability to understand or navigate the eligibility criteria.
Another challenge is the long waiting time for approval and disbursement of pensions and benefits. The application process for pensions and benefits can be lengthy, and the wait for approval and disbursement can take even longer. This can be frustrating for older people who may need immediate financial assistance. Additionally, these individuals may also face difficulties in obtaining the necessary documentation or information requested by the authorities, further delaying the process.
Moreover, language barriers can also hinder older people from accessing pensions and benefits in Singapore. With a diverse
