CPF

Stop The Reemployment of High Ranking Civil Servants in Public and Statutory Boards After 62!

Most government bodies have inverted pyramid structures already. Many are 40-60 years old and draw high salaries. These bunch of post 62yo role in the organisation (civil service and public service, including Stat Board) is quite menial and most of the time is NATO role.

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Did CPF Board Have To Defend Itself By Shaming CPF Member?

Did CPF Board Have To Defend Itself By Shaming CPF Member?

The CPF member, who was at the centre of this storm, shall remain named as Ms Sua here, although the CPF Board did not feel it was wrong to give out her full name. In fact, not only was Ms Sua shamed by having her name exposed, the CPF deemed it right to publish her entire name, medical details, and financial well-being was which was happily shared with the nation on their FB page after she complained about the CPF Board.

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CPF Released Name Of Single Mum And Daughter's Background To Justify Their Actions, Personal Secrecy Be Damned

CPF Released Name Of Single Mum And Daughter's Background To Justify Their Actions, Personal Secrecy Be Damned

It does not matter in this case whether the CPF Board was justified to to refuse to aid the woman, this was between them and the aggrieved party. The public need to be informed why the Board has its justification, just as we have been told the mother's side of the story. After all, everyone can make their own conclusions after hearing both sides of the story. But was there really a need to name the mother, and even inform the public of the daughter's education background, whereby they indicated the daughter receives government bursaries to help pay her school fees? Why stoop so low?

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CPF Retirement Sum Should Be Regularly Adjusted, But What About Those Who Cannot Afford?

CPF Retirement Sum Should Be Regularly Adjusted, But What About Those Who Cannot Afford?

This was stated by Minister Josephine Teo, whose obscene salary means she will probably no need to set aside any retirement money, as her role as a Minister in the PAP government ensures she is well paid to retire anytime she chooses to. And now, she is telling Singaporeans that they do not have enough money for retirement and they should save more. Would Singaporeans not safe money if they could? Why is the Minister stating the bloody obvious?

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SDP: Current PAP Has Turned CPF Into A Nightmare For Sinkies

SDP said in a strongly worded statement that “The current system manipulated by the present generation of PAP leaders have turned the scheme into a nightmare for Singaporeans, and Clifford Theseira’s case highlights the problems”. SDP also questioned the PAP's continued claims that citizens will squander their CPF savings and would turn to the government for help, stating that there are no data provided to back up these claims. SDP indicated that many Singaporeans are being penalised for the actions of a few.

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Elitist Government Uses Assumption That Singaporeans Unable To Take Care Of Own Savings

Elitist Government Uses Assumption That Singaporeans Unable To Take Care Of Own Savings

How do the government come to this conclusion? Is it because they themselves cannot be trusted with their millions in salary? Or is this rule unjustly penalising the average Singaporeans, while the very rich and elite do not need the CPF, because, after all, they are rich, and they have money to burn in their old age.

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Chan Chun Sing: Govt Realises Businesses Will Face CPF Increase Pressure

Chan Chun Sing: Govt Realises Businesses Will Face CPF Increase Pressure

Trade and Industry Minister and one of the future leaders of the 4G government, Chan Chun Sing, says that the government realises the cost pressure the government themselves are putting on businesses, with the planned increases in the ages for re-employment and retirement, as well as Central Provident Fund (CPF) contribution rates for older workers.

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CPF SYSTEM ONLY BENEFITS THE RICH?

“If a rich man contributes S$100 to his Central Provident Fund (CPF) account, he could get up to S$22 in income tax relief. In comparison, a person drawing S$3,000 a month would only get S$2 in relief."

Pointing out these extremes in potential savings by different income segments, Singapore University of Social Science economist Walter Theseira said in a forum on Oct 20 that the Republic’s CPF contribution tax relief policy should be reformed to troubleshoot the “regressive nature of CPF contributions”, where those who earn less contribute a greater fraction of their income to society than high earners.

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