The problem with Singapore’s CPF Life retirement payout scheme
The CPF Life merges two different retirement concepts. (1) Previously, Singaporeans would save part of their wages into the CPF, in which they will take out their monies plus interest at retirement. The idea was that the CPF Retirement Account was your own savings account, so you get to take back all the money you put inside...
Should the PAP take partial responsibility for Hyflux investors losses?
Now with the PUB's ultimatum hanging around Hyflux's neck and tightening, It looks like the chances of those many thousands of mom-and-pop retail investors savaging some of their investments in Hyflux is as good as gone. Although I accept that all investments carry risks, I also ask if the PAP government should at least be held...
CPF trial balloon: Time for Singaporeans to vote for transparency and accountability
Issue with CPF has always been huge retirement funding shortfall. Since decades ago. PAP has never addressed this issue. Instead, additional billions have been channeled to GIC by: – delaying payout, – increasing Minimum Sum balance, – allowing wealthier citizens to park more funds in the Retirement Account (Enhanced...
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