Thursday, September 20, 2012

Young working Singaporeans, you are OK. Really?

This was just in the news:

Young Singaporeans in the workforce today will have adequate savings in their
Central Provident Fund (CPF) accounts by the time they retire, according to an
independent study by the Ministry of Manpower.

A recent study using the Income Replacement Rate or IRR indicates that
Singaporeans are adequately covered. Pension economists measure
retirement adequacy by