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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 Singapore Civil Service is the bureaucracy of civil servants that supports the Government of Singapore. Along with the Singapore Armed Forces (SAF), statutory boards, and other independent government bodies, the civil service makes up the overall public service of Singapore. [1] As of 2022, the civil service has about 87,000 employees. [2]
The Ministry of Manpower (MOM; Malay: Kementerian Tenaga Manusia; Chinese: 新加坡人力部; Tamil: மனிதவள அமைச்சு) is a ministry of the Government of Singapore responsible for the formulation and implementation of policies related to the workforce in Singapore.
An employee's MPF assets are fully vested, and are portable when the employee changes employers. Benefits that have accrued under the scheme of a former employer can be transferred to a scheme operated by the new employer. [8] There are strict guidelines on the types of assets in the investment funds.
The Pioneer Generation Package (PGP) is a S$9 billion package launched by the Government of Singapore in 2014, aimed at helping pioneering Singaporeans to meet retirement adequacy. PGP is designed as a series of healthcare and social support schemes to show gratitude towards pioneer Singaporeans for their contributions to Singapore during the ...
Lawmakers and pension experts have urged the Hong Kong government to follow Australia's lead and allow employees to dip into their savings in the city's pension scheme to help them cope with the ...
Singapore maintains an active conscription system in accordance with the regulations set by the Government of Singapore, known as National Service (NS). [1] This requires all qualified male Singaporean citizens and second-generation permanent residents to serve a period of active duty military service in the uniformed services. [2] [dead link ]
The Government of Singapore consists of several departments, known as ministries and statutory boards in Singapore.Ministries are led by a member of the Cabinet and deal with state matters that require direct political oversight.