In addition to the financial reward it already offers for the birth of new babies, what other steps could the government of Singapore take to guarantee its future financial security?

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britanyashton · Answer

http://www.cpahq.org/cpahq/cpadocs/Singapores%20Changing%20Structure.pdf go to page 7 -Singapore’s Central Provident Fund (CPF) was instituted in 1955 as a mechanism to provide Singaporeans with financial security in old age...It remains a mandatory savings scheme for all employees and employers in Singapore. -Medisave account savings are for meeting hospitalization and medical expenses and to buy medical insurance. Members must keep a minimum of $17,000 in their Medisave account to pay for medical expenses. The Ministry of Health plans to raise this gradually to $25,000 by 2003 (IMC 1999).