Compulsory Provident Fund (Ceryana): Difference between revisions
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Compulsory Provident Fund (CPF; French: ''Fonds Obligatoires de Prévoyance, FOP''; Sejunese: ''Kumpulan Tabung Simpanan Wajib, KTSW''; Chinese: ''强制性公積金, 強積金'') is a compulsory comprehensive savings plan for workers in [[Ceryana]], funding their retirement, healthcare, education and housing needs. Membership of the CPF is mandatory for Ceryanese citizens and permanent residents, and voluntary for other workers in country. | The '''Compulsory Provident Fund''' (CPF; French: ''Fonds Obligatoires de Prévoyance, FOP''; Sejunese: ''Kumpulan Tabung Simpanan Wajib, KTSW''; Chinese: ''强制性公積金, 強積金'') is a compulsory comprehensive savings plan for workers in [[Ceryana]], funding their retirement, healthcare, education and housing needs. Membership of the CPF is mandatory for Ceryanese citizens and permanent residents, and voluntary for other workers in country. | ||
The administrating body is the Compulsory Provident Fund Board (CPFB), which is a federal statutory body under the purview of the Department of Finance. It is responsible for investing contributions on behalf of accountholders. As at 2022, the CPF managed £10.36 billion ($5.35 billion) for approximately 55.6 million accountholders. | The administrating body is the Compulsory Provident Fund Board (CPFB), which is a federal statutory body under the purview of the Department of Finance. It is responsible for investing contributions on behalf of accountholders. As at 2022, the CPF managed £10.36 billion ($5.35 billion) for approximately 55.6 million accountholders. | ||
[[category:Ceryana]] | [[category:Ceryana]] | ||
Revision as of 08:40, 17 June 2023
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| Agency overview | |
|---|---|
| Formed | 1 July 1951 |
| Jurisdiction | Federal government |
| Headquarters | Compulsory Provident Fund Building, 512 Merseyside Ave, Hang Fa Tchun Noules 12530 |
| Employees | 4,100 (2022) |
| Minister responsible |
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| Agency executives |
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| Parent agency | Department of Finance |
| Website | www.cpf.gov.cy |
The Compulsory Provident Fund (CPF; French: Fonds Obligatoires de Prévoyance, FOP; Sejunese: Kumpulan Tabung Simpanan Wajib, KTSW; Chinese: 强制性公積金, 強積金) is a compulsory comprehensive savings plan for workers in Ceryana, funding their retirement, healthcare, education and housing needs. Membership of the CPF is mandatory for Ceryanese citizens and permanent residents, and voluntary for other workers in country.
The administrating body is the Compulsory Provident Fund Board (CPFB), which is a federal statutory body under the purview of the Department of Finance. It is responsible for investing contributions on behalf of accountholders. As at 2022, the CPF managed £10.36 billion ($5.35 billion) for approximately 55.6 million accountholders.