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CPF history
CPF company history timeline
To address this, the Minimum Sum Scheme was introduced in 1987.
In 2001, the Economic Review Committee, which was set up by the government to formulate a blueprint to restructure the economy, reviewed the CPF given its economic implications.
As life expectancy improved, the Minimum Sum Scheme, which was designed to stream out payouts for just 20 years, was no longer able to cover the longer lifespan of Singaporeans. Thus, the government introduced the CPF LIFE annuity scheme in 2009.
Central Provident Fund Board (2011, June 30). Looking back.
National Library Board. (2012). Central Provident Fund (CPF) written by Lim, Tin Seng.
Retrieved June 25, 2014, from Central Provident Fund Board website: http://mycpf.cpf.gov.sg/CPF/About-Us/HistoryofCPF.htm4.
Since then, CPF has paid out nearly $6 billion in benefits to eligible retiree participants in The Church Pension Fund Clergy Pension Plan and their eligible dependents as of December 31, 2016.
CPF has received proclamations from New York City, the Town of Bennington, VT, and Memphis, TN declaring March 1, 2017, “The Church Pension Group Centennial Anniversary Day.”
Learn about the revisions effective January 1, 2018.
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CPF competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Dudek | 1980 | $130,000 | 1 | 33 |
| Cone Denim | 1891 | $610.0M | 3,000 | - |
| Longview Fibre Paper and Packaging Inc | 1927 | $1.2B | 3,000 | - |
| A.L.P. | 1972 | $240.0M | 750 | - |
| Dakota Provisions | 2003 | $72.0M | 999 | - |
| Glen Raven | 1880 | $780.0M | 3,000 | 20 |
| Bunge | 1818 | $67.2B | 32,000 | 202 |
| Domtar | 2006 | $4.6B | 6,400 | 55 |
| Silver-Line Plastics | 1962 | $146.4M | 63 | 2 |
| Indiana Furniture | 1905 | $23.0M | 200 | - |
CPF history FAQs
Zippia gives an in-depth look into the details of CPF, including salaries, political affiliations, employee data, and more, in order to inform job seekers about CPF. The employee data is based on information from people who have self-reported their past or current employments at CPF. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by CPF. The data presented on this page does not represent the view of CPF and its employees or that of Zippia.
CPF may also be known as or be related to C P F Corporation, CPF and Cpf.