Research and Inspiration on the Reform and Innovation ofSingapore Central Provident Fund Pension System to Cope Withthe Aging Population

• 作者: Dong Keyong Xiao Jinxi
• 来源期刊: 美中公共管理:英文版
• 学科: 社会科学
• 关键词: central provident fund(CPF) CPF system central provident fund pension system(CPFPS) pension system reform and innovation
• 年，卷（期）: 2020,（5）
• 页码范围: 229-238
• 页数: 10页
• 分类号: C92

摘要

From the perspective of dealing with the aging of the population, this paper conducts a more in-depth study on thereform and innovation of Singapore’s central provident fund pension system (CPFPS). The study concluded that: Inthe face of the aging population, Singapore continues to reform the CPFPS. Singapore established and improved amulti-pillar pension system, with the CPFPS as the main pillar, the Supplementary Retirement Scheme (SRS), theWorkfare Income Supplement Scheme (WISS) and the Housing Pension System (HPS) as the supplementarypillar. The reform and innovation of the CPFPS not only improved and enriched the pension system model, but alsoenhanced the sustainability of the pension system. The CPFPS has been combined with such social and economicpolicies as the SRS, WISS and HPS, thus realizing the diversification of pension accumulation, enhancing theadequacy of pension, and better coping with the aging population. Singapore’s practice of reforming and innovatingthe CPFPS in response to the aging population has certain reference and inspiration for the reform and innovationof pension system in China and other countries in the world.