Better jobs, voluntary top-ups among factors boosting CPF savings

A total of 67 per cent of active CPF members who turned 55 last year met their Basic Retirement Sum. PHOTO: ST FILE
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SINGAPORE - More workers are meeting their cohort's Central Provident Fund Basic Retirement Sum (BRS) at age 55, even as the sum is raised each year.

This is likely due to factors such as rising wages and labour force participation rates, government schemes to boost retirement savings, and more voluntary top-ups, observers told The Straits Times.

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