The report provides in-depth industry analysis, information and insights into employee benefits in Singapore, including:
• An overview of state and compulsory benefits in Singapore
• Detailed information about private benefits in Singapore
• Insights into various central institutions responsible for the administration of the different branches of social security
• The regulatory framework for employee benefits in Singapore
Executive Summary :
The Republic of Singapore’s social security system is founded on principles of self-provision and self-reliance; the country’s government limits its expenditure on social security schemes. The government’s policy has been that each generation must earn and save enough for their entire life cycle, with each individual being responsible for their own financial sustenance after their retirement. The Central Provident Fund (CPF) is a key component of Singaporean social security system. Most mandatory and state-sponsored benefits are limited to nationals and permanent citizens of the country.
To get details at:http://www.reportscue.com/employee-benefits-in-singapore-market
This report provides a detailed analysis of employee benefits in Singapore:
• It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
• It covers an exhaustive list of employee benefits, including retirement benefits, death-in-service benefits, long-term disability, medical benefits, workmen’s compensation, maternity and paternity benefits, family benefits, minimum reources, unemployment, other benefits and private benefits
• It highlights the economic and regulatory situations relating to employee benefits in Singapore
Key Highlights :
• The Central Provident Fund (CPF) plays an important role in Singapore’s social security system.
• The CPF addresses employees’ retirement, medical, housing and education needs.
• Numerous means-tested...