Tag Archives: CPF

NTUC Union seeks a review of CPF rates

THE labour movement has called on the Government to review the long-term targets for Central Provident Fund (CPF) contributions, in a move which many say will likely push up CPF rates. National Trades Union Congress (NTUC) deputy secretary-general Heng Chee How said yesterday that the targets were set in 2003 and have already been reached or surpassed by current CPF rates. New realities, like an ageing population, now have to be considered, Mr Heng said. The review could look at how CPF can strengthen the adequacy of retirement funds and savings to pay medical bills, he added. However, any changes must also balance off the need to keep businesses competitive, he noted.

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CPF rates for older workers ‘may go up’

Older Singaporean workers face the pleasant prospect of seeing a rise in their Central Provident Fund (CPF) contributions. The labour movement yesterday called on the Government to raise the CPF rates of those aged above 50 to 55 so that they are on a par with younger workers. But it need not be done "in one go", said labour chief Lim Swee Say, who is also Minister in the Prime Minister's Office. Union leaders, he said, are not pushing for the 3.5 per cent gap to be closed "in one go, because we do understand it should be done progressively", he told reporters after an official visit to restaurant chain Eighteen Chefs.

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The alternative news in 1 day? (part 20) – Give buses and to be rewarded via bus trial?

Further to my article “The alternative news in 1 day? (part 18) – Fine transport operators” (Jan 7), I understand from Terry Xu, Executive Editor of theonlinecitizen, some of the bus services selected for the trial are under the Bus Service Enhancement Programme (BSEP). The programme refers to the 550 buses funded by the Government and another 250 added by the Public Transport Operators (PTOs), to increase the bus fleet by about 20%. The first 15 bus services out of the 22 announced for the trial are: 3, 17, 39, 52, 176, 184, 188, 228, 241, 242, 302, 325, 858, 901 and 911.

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Budget 2014: Catalyse growth holistically

In a fast-changing world, the Government must help firms in setting up environmental scanning and intelligence-gathering systems on a global basis. This would help them predict business trends, pre-empt opportunities, achieve first-mover advantages and move up the food chain.

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