The Central Provident Fund was set up as a compulsory savings scheme in 1955 to ensure that workers could take care of themselves in old age. That year, the total contribution rate was 10 per cent. The rate was gradually raised from the late 1960s until it hit an all-time high of 50 per cent in 1984 and 1985. Different contribution rates based on age were later introduced, and the rates have been adjusted according to economic factors.
Tap or hover your mouse over the bars to see the contribution rates for each year. The chart is best viewed using the latest versions of Chrome, Firefox or Safari.
Source: CPF Board
Straits Times graphic: Lin Zhaowei