[1] It caters for around 150,000 eligible Singaporeans who are at least 65 years of age to receive a quarterly government payout of between S$300 and S$750 from beginning 2016 onwards.
The scheme in general is maintained by the Central Provident Fund Board of the Government of Singapore, which assesses a person's eligibility and thereby paying him or her.
Qualifying factors may include lifetime wages, household support and housing type.
[3] The Silver Support Scheme was introduced in August 2014 during the National Day Rally by Prime Minister Lee Hsien Loong.
The overall aim is mitigating inequalities by supplementing incomes for the bottom 20-30% of elderly Singaporeans, who may have lesser means, in their retirement years.