Singapore’s LIFE program: Actuarial framework, longevity risk and impact of annuity fund return

• Main Authors: KWONG, Koon Shing, TSE, Yiu Kuen, CHAN, Wai-Sum
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2017
• Subjects: Life annuity; inflation risk; investment returns; longevity risk; Asian Studies; Behavioral Economics; Econometrics
• Online Access: https://ink.library.smu.edu.sg/soe_research/2110; https://ink.library.smu.edu.sg/context/soe_research/article/3110/viewcontent/s0217590817500199__1_.pdf
• Institution: Singapore Management University

The Central Provident Fund (CPF) is a defined-contribution savings plan forming the key pillar of the pension system in Singapore. The CPF Lifelong Income For the Elderly (LIFE) program, which provides lifetime income for retirees, is a mandatory pension scheme for all Singapore residents. In this p...