CENTRALPROVIDENTFUND（CPF）,SINGAPORE SINGAPORE 1.0BACKGROUND The Central Provident Fund (CPF) was established in 1955 as a compulsory social security savings scheme to provide financial security for workers in their retirement or when they were no longer able to work. Over the years, it has ...
Medifund, an endowment fund, has also been set up by the Government to assist needy Singaporeans in paying their hospital bills, when they have exhausted payment from their Medisave and MediShield. 3.1.7.2 Home Ownership The Public Housing Scheme and the Residential Properties Scheme have helped...