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The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore.
The statutory boards that come under the president's purview are the Central Provident Fund Board (CPF Board), the Housing and Development Board, JTC Corporation and the Monetary Authority of Singapore, while the Government companies are the Government of Singapore Investment Corporation Pte. Ltd., MND Holdings Pte. Ltd., and Temasek Holdings ...
[25] [26] Yong also said the board's aim was to transform Singapore into the "largest information and communications hub" within Asia. [ 27 ] [ 28 ] In 2000, Yong urged for local companies to regionalise and globalise through e-commerce, and hoped that Singapore will become the target for the Asian market. [ 29 ]
The list is not exhaustive such as family financial problems (e.g. health-cost issues, jobs seeking, financial assistance), CPF matters, various licenses, HDB-related problems (e.g. subsidised rental housing, obtaining a subsidised HDB flat), immigration issues, and appeals for school admissions and school fee subsidy, [1] neighbor and any ...
The Board administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organised sector in India. [9] The board is chaired by the Union Labour Minister of India. Presently, the following three schemes are in operation under the Act: Employees' Provident Fund Scheme, 1952
The Government and each of the fifth schedule entities manage a portfolio of reserves under their charge for the benefit of the Government. These entities are divided into two parts where Part 1 of the fifth schedule comprise Key Statutory Boards that were created from and managed according to a statute passed by Parliament such as the Housing and Development Board whereas Part 2 contains ...
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Singapore: The Central Provident Fund (CPF) in Singapore is a compulsory social security savings plan that requires contributions from both employers and employees. The CPF board invests these funds to generate returns and ensure the long-term financial stability of the pension system.