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.
Central Provident Fund, CPF, savings, annuity, retirement
Public Policy | Social Policy | Social Welfare
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Social security -- Singapore, Old age pensions -- Singapore
Singapore Management University.
CPF LIFE: Managing longevity risk as Singaporeans live longer. (2012). Perspectives@SMU.
Available at: http://ink.library.smu.edu.sg/pers/32