An epic failure of our CPF scheme
In 2011, the median CPF retirement payout a month was S$260 (source: Tharman) In 2014, the median CPF payout was S$394 (source: Tan Chuan-Jin) In 2018, the 'average' CPF payout was S$355 (source: Josephine Teo) Note that the median is usually lower than the average, which means that in 2018, the median CPF payout was even lower...
Merdeka Generation Package is evidence of PAP failure
Prof Teo You Yenn, Associate Professor and Head of Sociology at Nanyang Technological University, Singapore in an op-ed for Straits Times today, wrote that “introducing one-off, cohort-based rewards is, arguably, not a principled, sustainable, or solidarity-enhancing way to protect people in retirement.” The author of...
The Fall of Net Investment Return Contributions?
Back in 2018, the PAP boasted that the Net Investment Return Contribution (NIRC) has more than doubled from $7b in 2009 to $15.9b in 2018. However, the NIRC for 2019 has dramatically dropped to $3.6b in - which is about half of 2009's NIRC when the world was facing an unprecedented global financial crisis! Under the rules, the...
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