Government expands CPF matching schemes

Greater benefits: People ride bikes with the skyline of the central business district in Singapore in the background. The retirement and medical care schemes are designed to help eligible Singaporeans boost their retirement and healthcare savings. — Reuters

SINGAPORE: More Singaporeans will be eligible for two schemes that allow them to get matching contributions from the government when they top up their retirement and healthcare savings accounts, says the Health Ministry (MOH), Manpower Ministry (MOM) and the Central Provident Fund (CPF) Board in a joint statement.

The schemes are the Matched Retirement Savings Scheme and Matched MediSave Scheme, which help eligible Singaporeans boost their retirement and healthcare savings.