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The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore.
In October 2023, employees of Flash Coffee, a Singapore-based coffee chain, reportedly were in a dispute with their employer because they were owed salary payments and Central Provident Fund (CPF) contributions. The coffee chain closed all of its 11 outlets in Singapore and stated that it would cease operations in Singapore completely.
The National Trades Union Congress (NTUC), also known as the Singapore National Trades Union Congress (SNTUC) internationally, is the sole national trade union centre in Singapore. NTUC leads the labour movement of Singapore , comprising 59 affiliated trade unions, 5 affiliated trade associations, 6 social enterprises, 6 related organisations ...
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The Singapore Civil Service is the bureaucracy of civil servants that supports the Government of Singapore. Along with the Singapore Armed Forces (SAF), statutory boards, and other independent government bodies, the civil service makes up the overall public service of Singapore. [1] As of 2022, the civil service has about 87,000 employees. [2]
According to a report by the Investment Company Institute (ICI), total U.S. retirement assets were $37.4 trillion as of Sept. 30, 2021 — down 0.5% from June 30 earlier this year. Retirement ...
It caters for around 150,000 eligible Singaporeans who are at least 65 years of age to receive a quarterly government payout of between S$300 and S$750 from beginning 2016 onwards. The scheme in general is maintained by the Central Provident Fund Board of the Government of Singapore, which assesses a person's eligibility and thereby paying him ...
As of November 2022, unemployment rate is 1.9 per cent with Singapore resident unemployment rate at 2.8 and Singapore citizen unemployment rate at 2.9 percent. [10] The long-term unemployment rate for Singapore residents was 0.8 per cent as of March in 2017, up from 0.7 per cent a year earlier. [11]