The portable characteristic will be enhanced in the existing pension scheme and incorporated in the New Funded Superannuation Scheme to facilitate cross mobility between public-private and within public sectors.
As such, the To-Be design of the New Funded Superannuation Scheme will support mobility in workforce via the open recruitment.
Introduction of new funded superannuation scheme (based on contribution made by both employee and employer).
Facilitating mobility of civil servants appointed under the new funded superannuation scheme.
Facilitating mobility of civil servants under the current pension scheme (defined benefit) and those under EPF scheme.