Social Insecurity in the New Millennium: The Central Provident Fund in Singapore
The Central Provident Fund (CPF), which used to work for Singapore as a distinctive national social security and welfare protection scheme, has come up against a myriad of challenges in a world more volatile, uncertain, disruptive and risky than it was at the time of its inception. Without some form of redistribution, the CPF model has become inadequate in the provision of social welfare safety and protection. The aim of the book is to review the origin and evolution of the CPF and the role it plays in both the social security and political economy of Singapore. The authors maintain that the CPF is still a cornerstone in the growth and development of Singapore, and that even though it is past its "golden age," the next page in its history can still be illustrious.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Action Party government annuity Asia Asian crisis asset enhancement babyboomers Bank benefits capital cash cent Central Provident Fund changes competitiveness costs CPF accounts CPF balances CPF Board CPF contribution rate CPF funds CPF Investment Scheme CPF members CPF savings CPF schemes defined-contribution demographic domestic economic growth Edusave effect employers employment global globalisation Goh Chok Tong Government Investment Corporation gross domestic product healthcare Home Ownership Scheme Housing and Development income increased individual inflation institutions issues knowledge-based economy labour market liberalisation loans Malaysia Mandatory Mandatory Provident Fund Medisave Medisave Account MediShield Minimum Sum needs old age Ordinary Account Organisation pay-as-you-go People's Action Party plans political economy privatisation productivity programmes Provident Fund rate of return Retirement Account risk security and welfare self-employed shares Singaporeans social insurance social policy social protection social security socio-political Special Account stocks Table wage welfare protection withdrawal workers