Overview

• Lee acknowledged that no pension system is perfect but said the self-reliance principle ensures each generation funds its own retirement.
• The government will maintain a perpetual cycle of innovation, adjusting contribution rates and payout ages to keep the scheme fit for new generations.
• CPF has unveiled Plan Life Ahead, Now! (PLAN), a one-stop digital dashboard consolidating retirement, housing and health insurance planning tools.
• Targeted measures such as the Workfare Income Supplement, Silver Support Scheme and periodic CPF top-ups offer safety nets and enhance intergenerational equity.
• Public trust remains very high, evidenced by nearly $5 billion in voluntary top-ups last year and about 30 percent of members making no withdrawals at age 65.