Central Provident Fund Board
CPF Board was established in 1955 to help workers save for their retirement. Since then, it has evolved to meet the changing needs of Singaporeans. Singapore's social policies embody the national philosophy of active government support for citizen self-reliance. This reinforces the values that keep Singapore strong, which are individual effort and responsibility for the family. Feeling secure in old age revolves around three key needs: retirement, housing, and healthcare. As a compulsory savings scheme, CPF is designed to help Singaporeans support and take care of themselves in retirement, with the government providing targeted assistance to the needy through subsidies and top-ups.