Manpower Minister Ng Eng Hen wrapped up debate on the CPF reforms saying the changes will help most Singaporeans save enough for retirement. He stressed that the move is 'fair and right' and it is 'not true' that the Government is 'leaving Singaporeans to fend for themselves'. In his speech, the minister addressed five key concerns raised by the 37 MPs who spoke up during the three-day debate. We bring you the highlights.

There are positive signs that companies are already adopting re-employment practices but there 'remains much work to be done' says Dr Ng.

Dr Ng explains why the 3.5 per cent interest rate for the Ordinary Account and the 5 per cent interest rate for the Special, Medisave and Retirement Accounts (SMRA) are 'more than fair'.

Has the Government moved from self-responsibility to shared responsibility in the Longevity Insurance? 'No' says Dr Ng as he elaborates on the thinking behind a compulsory National Annuity Scheme.

Dr Ng explains why having a nationalised pension system with the Government bearing part of the cost would be a 'fundamental mistake'.

The Government's projection - with the new system, 8 in 10 of new entrants to the workforce will have enough to meet the Minimum Sum for retirement, even for low wage workers and even after buying their first home.

In his keynote address at the annual Singapore Tripartism Forum, former Manpower Minister Ng Eng Hen - now Education Minister - reflects on the importance of not 'protecting' workers here through a clampdown on the foreign worker quota and a high wage policy. He also elaborates on the way forward for Singapore's workforce.