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Full-Text Articles in Social and Behavioral Sciences
Golden Years, Silver Fears, Singapore Management University
Golden Years, Silver Fears, Singapore Management University
Perspectives@SMU
Given the general decline in birth rates in developed nations, retirement planning is being increasingly discussed by both academics and government officials. Ralston asserts that policy makers need to start thinking about striking a balance between the citizen’s personal responsibility for retirement savings, and what the government should do.
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.