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S'pore jumps six places in pension index rankings

CPF system rated well in integrity and sustainability; less so in adequacy

Published Mon, Oct 7, 2013 · 10:00 PM
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[SINGAPORE] The Republic has moved up sharply in the latest Melbourne Mercer Global Pension Index rankings, placing its Central Provident Fund (CPF) among the top 10 retirement-income systems in the world.

Singapore jumped from 13th to seventh spot, with its overall index value at 66.5 this year, up from 54.8 last year.

Although the Republic moved up a grade - from C to B - Mercer said the CPF system has room for improvement in some aspects "that differentiate it from an A-grade system", although it had a sound structure and many good features.

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