Response to ‘myths and facts about CPF’
We refer to: “How can I use my CPF money? What are the myths and facts surrounding our CPF savings?” (updated May 6) It states that “Blogs such as The Heart Truths have made allegations about our CPF monies that are inaccurate or outright false. These are some of the myths they have perpetrated and the facts: "Myth 1:...
Cleaners’ real pay dropped 42% in 14 years?
We refer to the article “18 cleaning firms get licences under new wage system” (Straits Times, May 7). 85% of cleaning firms have yet to apply for licence? It states that “Another 110 or so firms have submitted licence applications to the National Environment Agency (NEA), but about 85 per cent of the estimated 900 cleaning...
The real reason for increasing the CPF Minimum Sum
The government has increased the CPF Minimum Sum to "maintain its real value", they claimed. The CPF Minimum Sum has no inherent value Now, think about this - what is the purpose of the CPF Minimum Sum? It is a marker of how much the government wants Singaporeans to retain inside the CPF. Thus the CPF Minimum Sum by itself...
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