Govt will continue to enhance CPF scheme to boost Singaporeans' retirement adequacy: PM Wong
Prime Minister Lawrence Wong said the government will continue improving and enhancing the Central Provident Fund scheme "very carefully" to ensure it boosts retirement adequacy for Singaporeans. In an interview with Chinese local daily Lianhe Zaobao to mark 70 years of CPF, he said this will be done in consultation with Singaporeans. Mr Wong added that the government is also studying the idea of an opt-in retirement investment scheme. He also assured Singaporeans that, as long as they contribute to CPF from young, there should be enough protection for them when it comes to their retirement. Jeraldine Yap reports.
Prime Minister Lawrence Wong said the government will continue improving and enhancing the Central Provident Fund scheme "very carefully" to ensure it boosts retirement adequacy for Singaporeans. In an interview with Chinese local daily Lianhe Zaobao to mark 70 years of CPF, he said this will be done in consultation with Singaporeans. Mr Wong added that the government is also studying the idea of an opt-in retirement investment scheme. He also assured Singaporeans that, as long as they contribute to CPF from young, there should be enough protection for them when it comes to their retirement. Jeraldine Yap reports.
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