CPF LIFE: Managing longevity risk as Singaporeans live longer
To combat the possibility that retirees might outlive their assets, Singapore’s Central Provident Fund (CPF) – the national compulsory savings and social security scheme – made the bold move of mandating annuitisation. This followed the findings of a 2007 government study examining how CPF might res...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2012
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| Online Access: | https://ink.library.smu.edu.sg/pers/32 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1008&context=pers |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | To combat the possibility that retirees might outlive their assets, Singapore’s Central Provident Fund (CPF) – the national compulsory savings and social security scheme – made the bold move of mandating annuitisation. This followed the findings of a 2007 government study examining how CPF might respond to an increasing life expectancy as the country's baby boomer generation enters retirement. |
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