Pension scheme in Singapore: case study and implications
By: Asher, Mukul G.
Material type:
ArticlePublisher: 1999Description: p.3687-694.Subject(s): Case studies | Pensions - Singapore | Pensions
In:
Economic and Political WeeklySummary: Recent pension reform literature has appropriately stressed the importance of mandatory pre-funding as an important element in ensuring socially adequate, secure, and sustainable retirement financing. This paper, based on an analysis of Singapore's experience, offers several suggestions for economies contemplating a move from non-contributory to contributory fully funded schemes. While pre-funding of retirement financing is desirabale, to ensure intended results, it is essential to give considerable attention to design, implementation, and regulatory issues. In particular, great care needs to be exercised in undertaking the investment of accumulated funds in a prudent, yet remunerative manner. - Reproduced
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Articles
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Indian Institute of Public Administration | Volume no: 34, Issue no: 52 | Available | AR44045 |
Recent pension reform literature has appropriately stressed the importance of mandatory pre-funding as an important element in ensuring socially adequate, secure, and sustainable retirement financing. This paper, based on an analysis of Singapore's experience, offers several suggestions for economies contemplating a move from non-contributory to contributory fully funded schemes. While pre-funding of retirement financing is desirabale, to ensure intended results, it is essential to give considerable attention to design, implementation, and regulatory issues. In particular, great care needs to be exercised in undertaking the investment of accumulated funds in a prudent, yet remunerative manner. - Reproduced
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