cpf reforms will help most to save enough for retirement


CPF reforms will help most to save enough for retirement

The latest Central Provident Fund (CPF) reforms will enable more than eight in 10 now entering the workforce to have the Minimum Sum they need for retirement.

Now, only one in three succeeds in doing so.

Manpower Minister Ng Eng Hen revealed yesterday that with the new system, even low-wage workers would be able to meet the Minimum Sum, and that is even after using their CPF to buy a home.

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