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Pioneer Generation Fund liabilities exceed balance by nearly S$785 million
The committee urged continued monitoring as rising healthcare costs threaten the fund’s ability to cover lifetime benefits.
Summary by Channel News Asia
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Costs of Pioneer Generation schemes exceed fund balance by $785m, Govt to top up where needed: Report
The Government was urged to continue monitoring the sustainability of this fund and two others that support older Singaporeans. Read more at straitstimes.com.
Pioneer Generation Fund liabilities exceed balance by nearly S$785 million
A parliamentary committee report also found that the S$10 billion Future Energy Fund has yet to make any expenditure. The fund could support nuclear power infrastructure if Singapore decides to deploy nuclear energy, says the government.
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