A new study commissioned by the Ministry of Manpower revealed that younger Singaporeans – or those entering the workforce today – will have a comfortable retirement with their Central Provident Fund (CPF) payouts.
The report, titled ‘Adequacy of Singapore’s CPF Payouts: Income Replacement Rates of Entrant Workers’, stated that the CPF system will not only be substantial for old age, but it also measures well against international standards. Full story
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