Enhanced Benefits, Singapore Unveils New Pension Scheme Policies

Enhanced Benefits, Singapore Unveils New Pension Scheme Policies

Singapore has introduced significant changes to its Central Provident Fund (CPF) system for the 2025 fiscal year, addressing challenges like rising living costs and increasing life expectancies. Unlike tax-funded pension systems, Singapore’s CPF is a unique compulsory savings model, serving as the cornerstone of retirees’ financial independence since 1955. In this system, employers and employees … Read more