The National Longevity Insurance Committee (NLIC) has released its report outlining an annuity scheme that promises to give CPF members 'income for life'. The scheme, to kick in in 2013, will be 'flexible, fair and affordable'. Straitstimes.com brings you excepts of our interview with NLIC Chairman Prof Lim Pin and committee member Zulkifli Baharudin.

Prof Lim Pin outlines the committee's key recommendations and estimates that 75 per cent of active CPF members will come on board the new longevity insurance scheme in 5 years.

NLIC member Zulkifli Baharudin elaborates on the 6-month consultation process and explains what CPF Life means to Singaporeans.

In his keynote address at the annual Singapore Tripartism Forum, former Manpower Minister Ng Eng Hen - now Education Minister - reflects on the importance of not 'protecting' workers here through a clampdown on the foreign worker quota and a high wage policy. He also elaborates on the way forward for Singapore's workforce.