Training Agency

Central Provident Fund Board

The Singapore Central Provident Fund Board (CPFB) was set up in 1955 to provide financial security for workers in their old age or when they are no longer able to work. Over the years, it has evolved into a comprehensive social security savings scheme, which not only takes care of CPF members’ old age, healthcare needs and home ownership, but also provides financial protection to their families through its insurance schemes. Today, the CPFB has a membership of three million and a fund size of S$103 billion.