Since its inception in 1953, the Central Provident Fund (CPF) has evolved to meet Singaporeans' housing and investment aspirations as well as retirement needs. Indeed, the story of the CPF reflects the economic history and social development of Singapore.
CPF policies have always been aligned with national objectives - economic growth, macroeconomic stability, asset-building and savings for health and retirement. The CPF's intricate connection with housing financing has made Singapore's social protection system a unique social innovation in the world.
As Singapore’s population ages, the CPF will adapt to stay relevant to retirement and related needs.
Author: Chia Ngee Choon
Call number: RSING 368.40095957 CHI
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