|
W3C
Reset Setting Change font size to lower sizeChange font size to original sizeChange font size to large size
    T
    T
    T
    T
    T
    T

Browse by Author

Results for Family Name : "Asher" AND Given Name/Initial : "Mukul G."
All (1) A B C D E F (1) G H I J K L M N O P Q R S T U V W X Y Z 


Download Attachment
:
 53
 Downloads
Financing old age in a rapidly ageing high income city state: the case of Singapore
Item Type: Conference or Workshop Item
Author: 
Asher, Mukul G. and
Author: 
Editor: 
Year:  00/00/2012
Abstract:  Singapore, an affluent city state, is among the most rapidly ageing society globally. This is due to low fertility rate (TFR of 1.2 in 2011); and increasing life expectancy (18.3 years for men and 21.8 years for women at age 65 in 2011). Its support ratio (working age persons/elderly) is projected to decline from 7.9 in 2011 to 2.2 by 2030, representing a steep decline. It primarily relies on a mandatory savings tier to finance old age. This tier is administered by a statutory Board called Central Provident Fund (CPF) under the Ministry of Manpower. The CPF has over the years been used not just for retirement, but for housing health care, and other purposes. Its wide scope and mandate has resulted in considerable complexity. This paper provides an assessment of the extent to which the current old age financing arrangements are likely to address longevity, inflation, and survivors’ risks faced by individuals in their old age. Not only each person will need support for a longer period in old age, but societal and individual expectations about old age support are also changing, reflecting the affluent society.
 
 
:
 53
 All Downloads