The $13.2 billion question: Pension Fund should not increase by $3 billion since 2011, number of pensioners dwindled after 3 decades
The PAP government has recently disclosed a shocking liability: $13.2 billion Pension Fund. (Statement of Assets and Liabilities) This is an increase of $1.85 billion over FY2015. PAP should clarify the need for an additional $1.85 billion because the pension scheme for civil servants was phased out 32 years ago for the...
Dr Chee: Create problem, exacerbate problem, then make people pay for problem
“TICKING TIME BOMB”, “tsunami”, “unprecedented”. Scary words but words, nevertheless, used to describe the not-so-small problem of Singapore's ageing population. Indeed, this year marks the sobering point where, for the first time in our history, the proportion of folks 65 years and older matches that of younger...
Potential PM Chan: ‘I’ve no problem employing the high-skilled foreigners to come here’
In an interview with ST, which was published on 11 Feb, Minister in the Prime Minister's Office, Chan Chun Sing said the Government wants to encourage a shift towards employing more higher value-added foreign workers (i.e, foreign PMETs). Chan has been identified by the media as one of the 3 contenders for the 4th generation...
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