The CPF scheme and its economic implications

• Main Authors: Koh, Wang Chin, Tay, Mona Chia Chia, Seng, Kim Thye
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2014
• Subjects: DRNTU::Business
• Online Access: http://hdl.handle.net/10356/59336
• Institution: Nanyang Technological University

The Central Provident Fund (CPF) was established on July 1, 1955. It is essentially a compulsory savings fund to which both the employees and their employers contribute. The main intent of the CPF is to make funds available to employees when they reach retirement or cannot continue in employment due...