The Government then takes on the risk itself through investments, mainly in the Government of Singapore Investment Corporation (GIC), as well as in the Monetary Authority of Singapore. Even with the GIC publishing its returns, Mr Tharman said: "It doesn't affect the CPF member because he or she is assured of a fair rate of return with no risk." This, he said, is unique among social security systems around the world. He cited pensioners elsewhere who have had their retirement savings wiped out because of the global financial crisis.Read More »
Tag Archives: Straits Times 21 Jun 2014
Political commentators should get real when assessing Singapore's political landscape. First, there is no need to be apologetic because there is no such thing as a 100 per cent mandate in a democracy. Second, there is no urgent need to appease and regain the trust of the minority that is dead set against the Government. Third, it is absurd to surmise that vandalism in Toa Payoh and the Prime Minister's move to seek redress from a blogger indicate an erosion of the people's trust in the Government.Read More »
Announcing the changes yesterday, Health Minister Gan Kim Yong, who is also CDAC chairman, said this will ensure that the council stays relevant to help its target groups. "This will also allow more individuals and families who are going through temporary hardship to be assisted," he added. Needy households that earn a monthly household income of $1,900 and below can now benefit. The cut-off was $1,500 previously.Read More »
THE Office of the Mufti yesterday sent an advisory to mosque officers with guidelines on how to address issues related to lesbian, gay, bisexual and transgender, or LGBT, lifestyles. The Mufti, Singapore's highest Islamic authority, also advised mosque management boards (MMBs) and staff not to get caught in the crossfire between a pro-family Muslim group calling itself the Wear White community and the annual Pink Dot picnic, organised in support of the LGBT community.Read More »
PAP MP AMY KHOR: BUT WE HAVE BEEN TALKING TO MADAM IRENE YAP SINCE 2012 TO CLEAR HER DOUBTS ABOUT HER CPF MONIES!
"Thus, it is important for the Central Provident Fund Board to clarify any erroneous perceptions and address public concerns." Both Dr Khor and the CPF Board explained in their statements that the CPF Board had notified Ms Yap four months before her drawdown age in 1998 that she could apply to receive monthly payouts from her RA. The CPF Board said that Ms Yap was in contact with them subsequently to clarify some matters. In 2012, in response to some queries Ms Yap had, the CPF Board reminded her she could start her monthly payouts any time, or withdraw her RA savings in a lump sum, provided she had property to pledge.Read More »