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Social Policies For The Aged In Singapore

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Chapter Summary

Singapore entered a demographic window of opportunity in the late 1970s and early 1980s. The large numbers of working-age adults, relative to the numbers of young and retired adults, produced a ?demographic dividend,? which aided the dramatic economic development of the State. This chapter focuses on intergenerational transfers as forms of family support, with the inclusion of living arrangements as a form of social support in old age. The realisation that the Singapore population was not reproducing itself led the government to reverse its population planning policy. As early as 1982, a high-level committee on Problems of the Aged was formed to address the long-term impact of population aging. Singapore?s Central Provident Fund (CPF) was instituted in 1955 as a mechanism to provide Singaporeans with financial security in old age.

Keywords: Central Provident Fund (CPF); family support; old age; Singapore; social support

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