분야
pptx02 CPF Schemes
03 FOUR SERVICES & TWO ECONOMICAL ROLES
04 STRENTH & WEAKNESS
INSURANCE
Finance Exhaustion Possibility
INSTALLMENT
INSURANCE
(1955~)
Responsibility for One's Own
Market-oriented System
One Man One Account
Employee and Employer
Certain Percentage of Income
Decision Contribution for Income, Age, etc.
The initial law
1953(Provident Fund), 1955
The current law
2001(Provident Fund)
Provident Fund Scheme
Central Provident Fund(CPF) runs
four types of private accounts.
-Ordinary Account
-Special Account
-Medisave Account
-Retirement Account
General Application
-Mostly workers
-Own account workers earning
yearly incoming more than S$6,000
Special system
Public sector workers of specific category
Member
-Monthly incoming less than S$500: X
-Monthly incoming more than S$1500: up to 20% of monthly
incoming according to age
-Different assignment rate according to member’s age
Own account worker
2.22%~8.67% of yearly incoming
only medisave account according to age
Employer
a worker’s monthly incoming less than S$50: X