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Ageing demands fresh thinking on pensions
Singapore doesn't have the luxury of time as it seeks new ways to maintain living standards. How the CPF embraces investment reforms is therefore crucial.
PENSION systems always reflect trade-offs between adequacy (of incomes), coverage (of the population) and cost (to the public and private sectors). Singapore's pension system continues to stand comparison with the better systems across the world.
The Central Provident Fund (CPF) has done
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