CPF members ripped off by ‘Con People Fund’ decades ago – Part 2
In an earlier post, I highlighted how PAP had scammed CPF members by depressing CPF interest rate to below the 12-month FD rate of commercial banks more than 4 decades ago. Of course that wasn’t the only time we were scammed and there’s more evidence of daylight robbery. From 1988 to 2007, CPF rates were depressed to below...
Citizen unemployment rate increases while NTUC says it will help workers
In the advance release of the Labour Market Report for 2017 by MOM yesterday (26 Jan), it shows that unemployment rates for 2017 has gone up compared to those in 2016. Followings are the key findings: Overall unemployment rate rose from 2.1% in 2016 to 2.2% in 2017 Resident (i.e, including PRs) unemployment rate rose from...
CPF fake news: CPF can be transferred to unborn grandchildren
For immediate release CPeeF Board would like to advise the public to be more discerning with regard to rumours on new CPF schemes to retain more CPF monies. CPF Board is presently not hard up for more funds because of the overwhelming response to a few new schemes such as: 1. Allowing members to transfer CPF to parents and...
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