82% lost money investing their CPF?
We refer to “Realistic ways to raise CPF returns” by Benedict Koh (Straits Times, May 30). CPFIS: 82% did not make profits in excess of the OA interest rate? It states that “So far, those CPF members who have risked their savings have not done very well. Almost half of CPFIS-OA investors (47 per cent) incurred losses on...
Flaws in CPF Life
The CPF system is in the news what with the President’s Address, which had hinted at further tweaks to the CPF system to enhance the retirement adequacy of Singaporeans, and Roy Ngerng’s claims* that the CPF system amounts to theft, something I’ve pointed out even before the PM threatened to sue him for defamation. Now...
Those earning less than $1K decreased 22% or increased 3%?
Mr Lim, who is NTUC's secretary-general, disclosed that employers had in fact wanted to drop the minimum amount altogether, saying that wages were already going up in the tight labour market. -- PHOTO: ST FILE We refer to the article “NTUC wanted more workers to get minimum pay hike” (Straits Times, Jun 2). Fewer workers...
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