Defined Contribution - No mandatory national Government / State pension plan. Instead, there is the Central Provident Fund ("CPF"). It is a form of DC social security scheme funded by monthly contributions from employers based on a certain percentage of a Singaporean / permanent resident of Singapore employee's basic salary, overtime pay, cash incentives, allowances, bonuses and commissions. This does not apply to self-employed employees. CPF contributions can also be voluntarily made by the employee. CPF contributions can be used for the employee's retirement, housing and healthcare needs.

Other Plans - there are a few public pension plans, which cover certain limited categories of public sector employees but which are irrelevant for the private sector.

In the context of the CPF scheme, the funds in an employee's CPF account are personal to the respective employee and will not be affected by a transaction. The new employer (the transferee employer) will, following the transfer, be under an obligation (as the current employer is) to make the requisite CPF contributions in respect of the wages of the relevant employee in accordance with the CPF Act.

Whether the employee's rights in relation to a supplementary pension plan (if participating in one) are affected by a transaction will depend on the terms and nature of that pension plan arrangement. If the terms of that plan are incorporated into the terms of the employee's employment contract, and the employee's employment is transferred to the new employer on exactly the same terms, the new employer may be bound by the terms of the supplementary pension plan. In this case, the relevant employee's pension benefits may not be affected by the transaction.