A new spexEducation Undergraduate Scholarship Programme will offer two career tracks for national athletes.
SINGAPORE – In a bid to make sport a viable and attractive career path for Singaporeans, the Government will enhance its support to national athletes through a slew of initiatives.
Mr Tong said in his speech that the allowance adjustments will bolster the financial stability of athletes and para-athletes, as those who compete full time at the highest levels often have to “forgo the opportunity that most of us have, which is to accumulate savings, including CPF”. In addition, SportSG will contribute 17 per cent to the individual’s CPF account. That way, he or she will continue to receive an allowance of $4,000 while getting over $1,800 in CPF every month.
“We understand the pain in making the hard decisions, whether it is giving up the sport they love to pursue their , to make sure that they have financial stability, or letting go of their to pursue their sporting aspirations. The 18-year-old, who was among Singapore’s 15 debutants at the recent Paris Olympics, said athletes will not have to worry so much about their post-playing career now. “So now I just have to focus on table tennis, focus on training, focus on competitions and working hard on doing my best. Having this will help me in my future,” he added.
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