Publication Type

Journal Article

Publication Date

11-2012

Abstract

To combat the possibility that retirees might outlive their assets, Singapore’s Central Provident Fund (CPF) – the national compulsory savings and social security scheme – made the bold move of mandating annuitisation. This followed the findings of a 2007 government study examining how CPF might respond to an increasing life expectancy as the country's baby boomer generation enters retirement.

Keywords

Central Provident Fund, CPF, savings, annuity, retirement

Disciplines

Public Policy | Social Policy | Social Welfare

Copyright Owner and Holder

Copyright © Singapore Management University 2013

Subject(s)

Social security -- Singapore, Old age pensions -- Singapore

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