More members are able to set aside their retirement sums at age 55
Members who set aside the Required Retirement Sum (RRS) refers to those who either set aside the Full Retirement Sum in cash, or set aside the Basic Retirement Sum (BRS) and owned a property
Population of active and all CPF members (age 55)
Notes:
- CPF member: A person with positive CPF balance.
- Active CPF member: A person with at least one CPF contribution paid for the current or any of the preceding three months. Excludes self-employed who are not employees concurrently.
Why are more active members able to set aside the retirement sum, compared to all members?
Strengthened support for seniors who are in need through Silver Support
The Silver Support Scheme provides quarterly payments to seniors aged 65 and above who had low incomes during their working years and now have less in retirement. This includes full-time caregivers who were not able to work much when they were younger.
Silver Support payments disbursed
Majority live in 1- 3 room HDB flats
2021-2023 Silver Support recipients by housing type
2 in 3 Silver Support recipients are female
Number of Silver Support recipients, breakdown by gender