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Sin­ga­pore is a suc­cess­ful nation which revolves on a national phi­los­o­phy of self-reliance. Through­out our rapid devel­op­ment, we have refrained from becom­ing a wel­fare state. This was made pos­si­ble through the intro­duc­tion of the Cen­tral Prov­i­dent Fund (CPF) in 1955. There are many exter­nal forces which can hin­der the effec­tive­ness of our CPF sys­tem. One […]

So you think you know about CPF and your per­sonal finance? Find out if you are really a Guru or “Boh-chup”.   http://www.cpf.gov.sg/imsavvy/quizme.asp

This arti­cle was first seen on http://theonlinecitizen.com/2008/02/cpf-life-does-it-really-address-retirement-needs/ By Leong Sze Hian I refer to the arti­cle “Income that stretches a life­time, under new scheme” (BT, Feb 13). Under the old CPF sys­tem, a min­i­mum sum (MS) of $ 67,000 at age 55, at the old guar­an­teed inter­est rate of 4 per cent, can pro­vide a monthly payout […]