CPF: Did every Singaporean lose $1m?
07.06.2014 Return Our CPF@HLP - Leong Sze Hian Speech at CPF protest In my speech during the CPF Protest (Return My CPF) on 7 Jun at Speakers’ Corner, I said that Singaporeans may be short-changed by about $1 million because we probably pay the lowest real rate of return amongst national pension schemes in the world, historically...
Dirty facts about the CPF system you may not know
The whole purpose of a retirement scheme is so that an individual can save a sum of money in the present while he/she is employed, so that this saved amount can be used to fund retirement expenses when they have no or a lower income. If someone sets aside a sum of money for retirement, but dips into it every month to pay for...
MediShield Life: Premiums up 100% after transitional subsidies?
Straits Times, 6 June 2014 MediShield Life – everything also increase? We refer to the article “Enhanced benefits proposed for MediShield Life” (Today, Jun 6). The following questions remain unanswered: MediShield scheme accumulated surpluses? What is the accumulated surplus plus interest since the MediShield scheme has...
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