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

Rise in proportion of active members who meet cohort's basic retirement sum at age 55

New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on March 09, 2022, with the headline Better jobs, voluntary top-ups among factors boosting CPF savings. Subscribe