PAP govt one up up on repressive central Asian republic?
In S’pore, a few years ago, a person was arrested for holding a mirror. So did someone from Kazakhstan study our laws and decide to imitate us? The Kazakh police took a young activist into custody after he decided to test whether he could get away with standing in the street holding a placard with no writing on it. Aslan Sagutdinov...
Why CPF failed in its mission
Singaporeans save a large part of their earnings in the Central Provident Fund, including the contribution from their employer. But they do not have adequate savings for their retirement needs. What happened? What cause this leakage? Here are my perspective. a) A large part of the savings is put aside in the Medisave account...
Our CPF Scheme Is The Worst Retirement Scheme In The World
Yesterday we highlighted the disgraceful situation of how 70% of our seniors aged 60 and above are not able to pay their monthly expenses. The PAP runs a broken system called the CPF which is a farce and does not provide for retirement adequacy. The average monthly payout under the CPF is a measly $355 per month. Something is...
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