S.2 EP.4: Singapore’s All-in-One System
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PGIM does not establish or operate pension plans
Most retirement systems across the globe have three pillars: a government run social security system, an employment-based retirement system, and, finally, additional individual retirement savings.
In the fourth stop on our global tour, we travel to a country where the government runs the whole thing…Singapore! Their comprehensive system goes beyond retirement and is run by the government through the Central Provident Fund (CPF).
In this episode, Josh Cohen interviews Desmond Chew, a senior manager at CPF, to help explain its history and how it works, and Joe Cherian, a professor that lays out a methodology which helps evaluate both Singapore’s system and others around the globe. Join us to hear about this all-in-one approach.
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