CPF

Fortitude Budget: CPF contribution increase for seniors deferred to 2022

THE planned rise in Central Provident Fund (CPF) contribution rates for senior workers in 2021 will be deferred by one year, to help businesses manage costs in these challenging times, Deputy Prime...

Budget 2020: Basic Retirement Sum set at S$93,000 for those turning 55 next year

THE Basic Retirement Sum (BRS) will continue to increase by the same 3 per cent per year for the next two cohorts, Deputy Prime Minister and Finance Minister Heng Swee Keat said in his Budget...

Budget 2020: Senior employment credit, CPF offset among new measures for those hiring older workers

SINGAPORE will introduce a Senior Worker Support Package comprising four measures, to support enterprises that employ older staff, Deputy Prime Minister and Finance Minister Heng Swee Keat said in...

CPF to take action against honestbee for unpaid July contributions

THE Central Provident Fund (CPF) Board is taking enforcement action against honestbee for failing to pay contributions for its employees in July, a spokesman for the board said in response to...

Government mindful of cost pressures posed by CPF rate hike: Chan Chun Sing

The Government is aware of business cost pressures posed by an upcoming hike in Central Provident Fund (CPF) contribution rates for older workers, as well as a rise in the retirement and re-...

As firms adapt to new guidelines, employees must reskill earlier to work longer

IT'S a known fact that Singaporeans are living much longer these days, with the country's life expectancy at birth currently the longest in the world at 84.8 years - even greater than that of...

Very few Hyflux investors used CPF to buy shares

Only a small minority of Hyflux investors had used their Central Provident Fund (CPF) savings to buy shares in the troubled water treatment company.