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Cpf Life: Managing Longevity Risk As Singaporeans Live Longer, Singapore Management University
Cpf Life: Managing Longevity Risk As Singaporeans Live Longer, Singapore Management University
Perspectives@SMU
To combat the possibility that retirees might outlive their assets, Singapore’s Central Provident Fund (CPF) – the national compulsory savings and social security scheme – made the bold move of mandating annuitisation. This followed the findings of a 2007 government study examining how CPF might respond to an increasing life expectancy as the country's baby boomer generation enters retirement.