A counterparty match (§2.11.1 proposal 2)

Platform operators pay 7% of younger and opted-in riders' earnings into CPF in 2026, rising to 17% by 2029, while Matched Retirement Savings, which credited $456M to more than 250,000 members for 2025, starts at 55 (and from 2026 covers persons with disabilities of any age). So the plan matches the own CPF top-ups of stallholders under 55, up to $1,200 a year, and from 55 helps hawkers claim the scheme that already matches them rather than paying twice. At $1,200 per stall a year across about 6,900 public-centre stalls (our estimate), the base match costs at most about $4.1M a year, a ceiling twice over: it assumes every public-centre stallholder under 55 takes it up in full, and it errs high on how many are under 55 (fewer than half, since the median hawker is 60). For scale, July 2026's six-month rent support cost about $8.3M once; the same sum each year would match every stallholder at any age. The stretch case reaches every stallholder under 55, coffeeshops and food courts included, at 70% take-up, and adds pooled hospital-cash cover: about $7.9M a year (§2.11.2). The 2018 Tripartite Workgroup turned down Government co-contributions to the self-employed's MediSave, which it said "departs from the principle of self-help"; the Advisory Committee on Platform Workers later called co-contribution "part of the unique social compact in Singapore" (2022), and the plan answers that the match pays only on savings the hawker makes first, as the Matched Retirement Savings Scheme already does from 55 (Hawkers and Social Protection, C.8.1).

Who pays

The library gives this mechanism no who-pays tag of its own.

What it costs

Base at most about $4.1M SGD · a year

Base at most about $4.1M a year, for public-centre stallholders under 55; stretch in §2.11.2 · a Budget line, administered by CPF Board and MOM, with NEA

What it builds on

Matched Retirement Savings from 55 ($456M to more than 250,000 members for 2025), which the plan helps hawkers claim (Hawkers and Social Protection, C.6, §2.11.1).

The ask of Government

Decision

Stallholder retirement match and MediSave as you earn

Instrument

a Budget line, administered by CPF Board and MOM, with NEA

Fiscal cost

Base at most about $4.1M a year, for public-centre stallholders under 55; stretch in §2.11.2

What it buys

Parity with the platform worker. "The rider got CPF. Now so does the cook."

Gap closed

No one shares the CPF burden

From §2.11.1, §2.11.2, §7.7.

Who gains

Hawkers

The counterparty share a platform worker already receives, paid into the hawker's own retirement savings (§2.11.2).