Will my CPF savings be available when I retire?

Your CPF savings will be available when you retire. The CPF system is fully funded and based on individual accounts. This means that every CPF member contributes to and saves for their own retirement. Even with fewer workers in future, there is no risk of your CPF savings not being there when you retire. 

Did you know? Such risks are typically faced by countries which fund their pensions entirely from taxes, such as the US’ Social Security and Canada’s Old Age Security programmes. 

This is why many countries have started restructuring their pension systems to improve sustainability, either by raising taxes, deferring or reducing pay outs, or introducing elements of individual saving into their pension systems.