Retirement : should you be worried?

• Main Authors: Chong, Zhikang., Lin, Yiyan., Ng, Yen Siang.
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Business::General::Government policies; DRNTU::Business::General::Social aspects
• Online Access: http://hdl.handle.net/10356/51320
• Institution: Nanyang Technological University

The Central Provident Fund (CPF) is Singapore’s national saving system and contributions to CPF accounts are as high as 36% of a person’s wage. Previous studies on adequacy of CPF for retirement spending focused on the Income Replacement Rate (IRR) as the metric for measuring adequacy, but among the...