Active CPF Members Aged 55 from 2020 to 2024 and Future Projected Changes

35 Mr Shawn Loh asked the Minister for Manpower (a) what is the number and proportion of active CPF members who have turned 55 years old from 2020 to 2024; and (b) in light of a higher rate of labour market disruption, whether the Ministry expects the proportion of active CPF members to decrease in the future.

Dr Tan See Leng: An active Central Provident Fund (CPF) member is a member with at least one CPF contribution paid for the current or any of the preceding three months as an employee. The number and proportion of active CPF members who have turned 55 years old from 2020 to 2024 are shown below:

Even with the labour market disruptions during the pandemic years, the proportion has seen a slight uptrend between 2020 and 2024. We expect the proportion of active CPF members turning age 55 to remain stable in the coming years.