Minimum Sum and minimum wage
As an effort to ensure that CPF members have sufficient savings to support a basic standard of living during their retirement, the Singapore government has set up the Minimum Sum Scheme in 2003. With this Scheme, the members are required to leave a Minimum Sum in their CPF accounts at the age of 55. In return, from the drawdown...
An open letter to PM Lee Hsien Loong
Dear PM Lee, I write this as a very concerned citizen of this land, one who was born and bred here in this great country of Singapore. Once again, Singaporeans (and foreign talents living in Singapore) are seeing the all too familiar legal suit by the Government’s senior leaders against ordinary Singaporeans. This is just...
Singaporeans, put your money where your mouth is!
I note that PM Lee has decided not to waive his demand for damages from Roy, despite his apology. In my opinion, from past ruling, the damages awarded to ministers have been around 300k to 400K, even to Mr Lee Kuan Yew. If PM Lee had gone to court to sue, he would probably be awarded anything in the range of 200k to 300k,...
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