How does Singapore’s pension compares with other developed countries?

In Singapore, the average CPF pension payout is S$355. The average wage is S$5,183. This means the average CPF payout is only 7% of average wage.

https://data.gov.sg/…/average-monthly-nominal-earnings-per-…

In Spain, average pension is 82% of last drawn salary.

In France, it is 74%.

In Italy, it is 65%.

In the OECD, it is 58%.

In Germany, it is 48%.

In Sweden, it is 45.5%.

In UK, it is 28% (but “this is only the state pension and a lot of British workers also have a private pension to supplement their income, usually arranged through their company”).

https://www-thelocal-fr.cdn.ampproject.org/…/how-do-fr…/amp…

*****

Based on the higher percentages in other countries:

There are still 20% of German pensioners living in poverty.

17% of UK pensioners living in poverty.

16.1% of Swedish pensioners living in poverty.

9.5 percent of French pensioners living in poverty.

If so, how many Singaporean pensioners are living in poverty?

 

 

Roy Ngerng

 

 

 

yyy
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15 Responses to “How does Singapore’s pension compares with other developed countries?”

  • hopelessleenpap:

    PAP THEMSELVES ” HIGH-LY”

    GOOD FOR NOTHING PAP GOONS.

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  • Pap has the mandate:

    Singapore has no pension system unless you are a PAP Millions dollars salary Ministers

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  • Hopelesslyuseless:

    600 to 1,600 for 5 years, mean $320 for one roomers and $120 for 4 or 5 roomers.

    WHAT ???

    CLASSIC ONE WHOLE CHICKEN IN PAY BACK TIME,

    COMPARED TO CHICKEN WINGS FOR “YES” VOTE ON GST 9%!!!!

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  • C’est la vie:

    ******
    It may have began life as a Pension, but it’s certainly not a Pension scheme per se, … if it can be dipped into for a lease purchase, chicken wings or chilly crab.

    So no, it’s just a compulsory multi-purpose/functional national savings plan.

    That’s right, you’re still without a Pension plan !!!
    ***
    ******

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  • PAP.GUARANTEED.WIN.GE2020:

    Dear Reader,
    Everywhere there will always be a group of people who will be left behind.

    These group of people belong to one of the following:
    1. the lazy and unmotivated group, not shameful at all to demand for free help and give nothing back to society.
    2. the unrealistic group, they think they are talents but in reality they are not. example, talent Ramesh finished a diploma in 3 months but others has to take 3 to 4 years to finish a diploma course.
    3. the Keeping up with the Joneses group, they don’t have the means to live a high live but always trying hard to keep up. In the end, they became broke.
    打腫脸皮充胖子。

    So readers, do not be fooled by Roy boy article.
    Everywhere there will always be a group of people who will be left behind.
    And, this is their fault … not PAP fault.

    PAP.GUARANTEED.WIN.GE2020
    PAP Huat, Huat, Huat arh …

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  • Bong:

    One person ever asked is CPF the people’s money or garment money.

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  • Bapak:

    Met many European retirees overseas ranging from 55 to 60+. They were happily hopping from one country to another with a lot of time in their hands. Asked how did manage to retire so early? They instead were shocked to learn that our seniors are still working & doing very low-end job and without pension.

    They asked don’t we practise pension scheme? It didn’t occur to me to ask them what is the point of this question.

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  • UniQ:

    The pension system is 6 over millions provide pension for 74 Million $$ Goons.

    Yet they are not a little bit shy about it.

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  • TruBlu:

    father said MAKE THEM DAFTS “WORK TILL DROP DEAD”.
    Son says no enough.$UCK TILL THEY DROP DEAD.

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  • ShamYewCum Suck Coke SC:

    Google and you can find that China pension system is males get pension from age 50. Females from 55.
    Mainly for non-farmers .

    I wonder will most singkees ever see their cpf withdrawn on their hands?

    A member of Park ever asked something like is the cpf monies belonging to the members or the garment. This speaks volumes but many singkees are daft and deaf.

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  • hmmmmm...:

    @PAPGURANTEEDWIN 2020:
    Are you so super high on drugs and enjoying on the swallows underage that you are getting that others basic livelihoods need are important.

    you may be on top on the blender now. i no time you will get grinded below soon.

    its only temporary. see what as happen to many before you.

    …..

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  • hmmmmm...:

    @PAPGURANTEEDWIN 2020:
    Are you so super high on drugs and enjoying on the swallows underage that you are getting that others basic livelihoods need arent important.

    you may be on top on the blender now. in no time you will get grinded below soon.

    its only temporary. see what as happen to many before you.

    …..

    GD Star Rating
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  • Clove:

    Loy only states the half-truth, not the whole truth!

    Purposely or otherwise, very high tax rates was ignored or concealed, just to play up the high returns!

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  • When crony chiefs fight it out:

    It’s a travesty when the Lee siblings gnarl and claw at one another for their old folk’s multi multi million dollar property. But our Singapore youngsters can hardly afford a humongously priced public high-rise pigeon hole they’d take the whole of their cpf live savings to pay up in twenty five years.

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  • WakeupSG:

    CPF is a pseudo pension fund!

    It is time to overhaul it!

    GD Star Rating
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