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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 CPF is an employment-based savings ...
The reserves of the Government of Singapore is a collection of assets, after subtracting for liabilities, owned by the Government of Singapore and the entities listed in the fifth schedule of the Constitution, such as the Central Provident Fund (CPF), Housing and Development Board (HDB) and Temasek Holdings amongst others.
On 1 August 1998, Ngiam was appointed as chairman of the Central Provident Fund (CPF), and in October 1998, he was also appointed as chairman of the Housing Development Board (HDB). [61] [62] [63] On 7 June 1999, after almost 40 years on the job, Ngiam retired from the civil service, while retaining his chairmanships at CPF and HDB.
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The statutory boards of the Government of Singapore are autonomous organisations that have been tasked to perform an operational function by legal statutes passed as Acts in the Parliament of Singapore. The statutes define the purpose, rights and powers of each authority.
Ng stepped down as the chief executive officer of the CPF Board on 1 April 2019. [5] Ng remained a senior advisor at the MOM and CPF Board, as well as on the board committee for transformation at Public Utilities Board, as of March 2021. He was appointed as a non-executive and independent director of Great Eastern Holdings. [6]
Additional Housing Grant (abbrev: AHG) was an additional subsidy over and above the regular market subsidy and Central Provident Fund Housing Grant that new and resale Housing and Development Board flat buyers in Singapore can enjoy.
Singapore [b] Monetary Authority of Singapore / Government of Singapore Investment Corporation / Temasek Holdings / Central Provident Fund: 2,074: Non-commodity Norway [26] Government Pension Fund of Norway: 1,555: Oil & Gas Saudi Arabia [27] [28] Public Investment Fund / National Development Fund: 1,345: Oil & Gas Kuwait [29]