The topic of having an unemployment insurance in Singapore is not new. In fact, since 2016, Labour MP Patrick Tay has broached the subject in Parliament and called for unemployment support for PMEs who are retrenched and transiting into their new jobs.
Having unemployment support can help tide them through this tricky transition period. This reduces the amount of stress that they undergo and the chance that they would pick an unsuitable job. Nevertheless, we should not forget that there’s a need to balance the support rendered. It should not become a disincentive to work.