Singapore Government
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CPF Reforms and Other Measures to Help Older Singaporeans Improve Retirement Adequacy and Work Longer

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To help Singaporeans improve retirement adequacy and work longer, the Government will introduce five key changes, along three thrusts announced by Prime Minister Lee Hsien Loong in his National Day Rally Speech on 19 Aug 2007.

Help Singaporeans work longer:
  • Institute re-employment legislation by 2012, to require employers to offer re-employment to workers reaching 62, up to age 65, and eventually to 67

  • Reward work by further increasing the Workfare Income Supplement (WIS) for older workers
Improve the returns on Central Provident Fund (CPF) savings:
  • Increase CPF interest rates
Make savings last for life expectancy:
  • Progressively raise the draw-down age

  • Look at making longevity insurance compulsory for CPF members currently aged 50 and below


 


Brochures


City of Possibilities; Home for All
Highlights of PM Lee's National Day Rally 2007 Speech

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Malay This link opens in a new window

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Tamil This link opens in a new window

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Planning for Our Golden Years: More CPF Savings for Retirement
Summary of the CPF reforms and other measures for a more secure retirement

English This link opens in a new window

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Chinese This link opens in a new window

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Malay This link opens in a new window

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Tamil This link opens in a new window

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Cartoon Booklet


"More $ for Your Retirement"
Recaps the details of the CPF reforms and other measures in simple language and with cartoons to illustrate

More $ for Your Retirement This link opens in a new window

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Videos


CPF & Other Changes videos: 'Money, Got Enough?'
Video animation highlighting the key changes that will help Singaporeans work longer and save enough for retirement.

Money Got Enough? (English Audio) This link opens in a new window

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Money Got Enough? (Mandarin Audio) This link opens in a new window

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Money Got Enough? (Malay Audio) This link opens in a new window

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Money Got Enough? (Tamil Audio) This link opens in a new window

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Workfare Income Supplement videos: 'Be a Winner!'
Singaporeans discuss the rationale and benefits of the Workfare Income Supplement Scheme (WIS).

Be a Winner! (with English Subtitles) This link opens in a new window

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Be a Winner! (with Mandarin Subtitles) This link opens in a new window

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Be a Winner! (with Malay Subtitles) This link opens in a new window

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Be a Winner! (with Tamil Subtitles) This link opens in a new window

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Presentation Slides


CPF Reforms and Other Measures for a Secure Retirement
View the reforms and measures in:

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Chinese This link opens in a new window

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Posters



InTouch with CPF - More Money for Your Retirement (English) This link opens in a new window

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InTouch with CPF - More Money for Your Retirement (Chinese) This link opens in a new window

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InTouch with CPF - More Money for Your Retirement (Malay) This link opens in a new window

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InTouch with CPF - More Money for Your Retirement (Tamil) This link opens in a new window

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InTouch with CPF - How You can Optimise the Extra 1% Interest (English) This link opens in a new window

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InTouch with CPF - How You can Benefit from the Deferment and Voluntary Deferment (D and V) Bonuses (English) This link opens in a new window

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Factsheet



CPF Reforms and Other Measures This link opens in a new window

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Press Releases and Speeches


20 September 2007

- Press Release on National Longevity Insurance Committee 

19 September 2007

- Speech by Dr Ng Eng Hen, Minister for Manpower and Second Minister for Defence at the Close of the Debate on Ministerial Statement on CPF Reforms and Other Measures for a Secure Retirement


18 September 2007
- Speech by Mr Gan Kim Yong, Minister of State (Education & Manpower) on Re-Employment at Parliament Sitting

- Speech by Mr Tharman Shanmugaratnam, Second Minister for Finance, on Ministerial Statement on CPF Reforms and Other Measures for a Secure Retirement


17 September 2007

Ministerial Statement on CPF Reforms and Other Measures for a Secure Retirement by Dr Ng Eng Hen, Minister for Manpower, 17 Sep 07 at Parliament


21 August 2007
- Remarks by Dr Ng Eng Hen Minister for Manpower and Second Minister for Defence, at the Press Briefing on CPF Reforms and Other Measures to Help Older Singaporeans Improve Retirement Adequacy and Work Longer


19 August 2007
- Speech by Prime Minister Lee Hsien Loong at National Day Rally

 

Frequently Asked Questions (FAQs)


Overview of CPF Reforms and Other Measures

Help Singaporeans Work Longer

Improve the Returns on CPF Savings

Make Savings Last for Life Expectancy

Implementation and Public Communication

 


For More Information


Visit the CPF website for online calculators on CPF extra interest and Minimum Sum Deferment and Voluntary Deferement Bonuses (D- and V- Bonuses).

You can also contact CPFB at (65) 1800 227 1128 or email them at cpfboard@cpf.gov.sg. 

 




Last updated on 08 Jan 2008 18:11:32