SAVINGS IN THE CENTRAL PROVIDENT FUND FOR PERSONS ABOVE 55 YEARS

Parliament of Singapore · 11 February 1999

Official Report, 11 February 1999, Vol 69, Issue 13 · Open in the reader (summaries, search, filters)

Claire Chiang See NgohLee Boon Yang

Mdm Claire Chiang See Ngoh asked the Minister for Manpower if he has figures on the total number of persons above 55 years old who have no savings in the Central Provident Fund.

Dr Lee Boon Yang: About 21,000 Singaporeans who are aged 55 years and above do not have CPF savings. This is the group of Singaporeans who had never worked as an employee before or who were self-employed during their working career. It is a small group compared to the 420,500 Singaporeans aged 55 years and above who have CPF savings.

Source: Singapore Parliament Official Report (Hansard) for 11 February 1999. Republished on SGParliament.