Central Provident Fund

CPF ASKING RETIREES TO ACCEPT PAYOUTS FROM AGE 70?

After I wrote “CPF: “No action is required if you wish to start your payouts at age 70”?” (Sep 7) – one of my schoolmates from Raffles Institution called me to ask about a similar letter which his wife has just received – saying that she would receive $910 monthly from age 64, for 24 years – but that she would have to opt for it at cpf.gov.sg (no specific link address).

Filed Under: 

LABOR LAWS IN SINGAPORE OFFER POOR PROTECTION FOR SG WORKERS

When I was formerly employed by a new start-up now defunct ISP company a few years ago, I reluctantly allowed the director to temporarily not contribute CPF as he claimed he needed the funds to roll and tide the company through the initial year as this is also the practice of hawkers towards their stall assistants.

Filed Under: 

CPF BOARD PAID $1.7M "EXTRA" MEDISAVE TO NON-CITIZEN BABIES DUE TO ERROR

The Central Provident Fund Board (CPF Board) has admitted to an error that saw $1.7 million in tax payers money being channeled to the Medisave accounts of 885 babies who were not citizens at birth. All Singapore citizens receive $4,000 Medisave Grant for Newborns (MGN) in their CPF Medisave account as part of the Marriage and Parenthood Package.

Filed Under: 

WHY IS CPF UNWILLING OR UNABLE TO TAKE ACTION AGAINST ERRANT EMPLOYERS?

Before the Board asks for 'ang pow' monies to be deposited in CPF accounts, may I request that the Board first assist to recover my child's long overdue CPF from his former employer and restore confidence in the system as existing legislation are either inadequate or that the Board itself is unwilling to enforce Sections 60 & 65 of the CPF Act for unknown reasons.

Filed Under: 

DID GIC INVEST OUR CPF IN S'PORE STOCKS?

I refer to the article “Business leaders call for CPF monies to be invested in Singapore shares to help ‘moribund’ market” (Straits Times, Jan 6). It states that “”Currently, our CPF money is pooled with our other reserves and managed by GIC. Unlike other jurisdictions where their pension funds have provided strong support for their stock market, Singapore rides against the wave by specifically stating as a policy that the funds managed by GIC are to be invested abroad” …

Filed Under: 

Pages

Advertisement
Subscribe to RSS - Central Provident Fund