Govt Spends Returns from Reserves Before They’re Earned
This article is a summary of another important discussion at the end of a recent thread. The writer pays acknowledgement to the invaluable contribution from @Trust et al, who found and posted this crucial Parliamentary statement from Finance Minister Tharman on 20 October 2008 which seems to have escaped everyone’s attention. “Members...
Oversight of GIC urgently needed by Parliament
After The Straits Times had published “GIC seeding start-up fund headed by ex-CIO: Report” on 3 April, there was not even a whisper in Parliament about the hundreds of millions/billions of CPF dollars/reserves being invested. Recall Minister Vivian asking “How much do you want? Do you want three meals in a hawker centre,...
CPF: The propaganda continues?
We refer to the article ”Permanent top-ups, greater flexibility for investment suggested for CPF system” (Channel NewsAsia, Aug 14). Less than 30% met Minimum Sum? It states that ”More than half of workers reaching 55 years of age are not able to achieve the Minimum Sum – the amount needed to give them a regular income...
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