CPF Review AGAIN!!! GLGT!!!

[Mockngbrd]

http://www.asiaone.com/News/AsiaOne+News/S...5708.html#embed

 

 

By Gwendolyn Ng

 

AS LIFE expectancy increases up to 85 and beyond, the Government is reviewing the Central Provident Fund (CPF), which remains viable, Minister of State for Manpower and National Development Tan Chuan-Jin said yesterday.

 

Speaking at a forum held at the National University of Singapore, he said: "We are enhancing the CPF system to make CPF savings last longer for members."

 

This is because people underestimate how long they will live and how much they should save for retirement, Brigadier-General (NS) Tan said.

 

Family support continues to play an important role in retirement adequacy.

 

For instance, he said seniors could be supported through the Minimum Sum Topping-Up Scheme where members opt to top up their family members' CPF accounts. About $110 million in top-ups were made for parents and grandparents last year.

[Shull]

FARK... :angry: :angry: :angry: :angry:

[Joseph22]

http://www.asiaone.com/News/AsiaOne+News/S...5708.html#embed

 

 

 

By Gwendolyn Ng

 

AS LIFE expectancy increases up to 85 and beyond, the Government is reviewing the Central Provident Fund (CPF), which remains viable, Minister of State for Manpower and National Development Tan Chuan-Jin said yesterday.

 

Speaking at a forum held at the National University of Singapore, he said: "We are enhancing the CPF system to make CPF savings last longer for members."

 

This is because people underestimate how long they will live and how much they should save for retirement, Brigadier-General (NS) Tan said.

 

Family support continues to play an important role in retirement adequacy.

 

For instance, he said seniors could be supported through the Minimum Sum Topping-Up Scheme where members opt to top up their family members' CPF accounts. About $110 million in top-ups were made for parents and grandparents last year.

how come you have LHL picture while asiaone is using CPF logo??

[Booboon]

in a few months time, u will read temasek lose money again. so much so for the stable hands...

[Ladykillerz]

it seemed like our country has no $$$ again.... -.-;;;

[Nightkids]

Yeah!!!!!!!!!!!!!!!!!!!!

 

Thanks you 60.1% !!!!!!!!!!!!!!!!!

[Kb27]

he said: "We are enhancing the CPF system to make CPF savings last longer for members."

he means: "We are enhancing the CPF system to make CPF savings untouchable by members."

[Darthrevan]

confidence for the future

[Curahee]

in a few months time, u will read temasek lose money again. so much so for the stable hands...

 

Beside TH, also need to look at GIC, the other culprit... I wonder is it becoz of GIC heavy loss at UBS... They lost more than half the investment there, two thousand millions USD lost sia

[Mllcg]

Beside TH, also need to look at GIC, the other culprit... I wonder is it becoz of GIC heavy loss at UBS... They lost more than half the investment there, two thousand millions USD lost sia

 

GIC didnt lost as much as TH.

 

 

and GIC dont make so much mistakes.

 

 

[Mllcg]

he said: "We are enhancing the CPF system to make CPF savings last longer for members."

he means: "We are enhancing the CPF system to make CPF savings untouchable by members."

 

4 scenarios i can think of.

 

 

1) increase draw down aka retirement age.

2) less allowance per month to "extend" the age limit

3) increase min sum

4) all of the above

[Celicar]

The word "affordable" shakes hands with the word "enhance" and congratulates it on joining the List of Abused Adjectives of Singapore.

 

[Good-Carbuyer]

http://www.asiaone.com/News/AsiaOne+News/S...5708.html#embed

 

 

 

By Gwendolyn Ng

 

AS LIFE expectancy increases up to 85 and beyond, the Government is reviewing the Central Provident Fund (CPF), which remains viable, Minister of State for Manpower and National Development Tan Chuan-Jin said yesterday.

 

Speaking at a forum held at the National University of Singapore, he said: "We are enhancing the CPF system to make CPF savings last longer for members."

 

This is because people underestimate how long they will live and how much they should save for retirement, Brigadier-General (NS) Tan said.

 

Family support continues to play an important role in retirement adequacy.

 

For instance, he said seniors could be supported through the Minimum Sum Topping-Up Scheme where members opt to top up their family members' CPF accounts. About $110 million in top-ups were made for parents and grandparents last year.

The only MP who told me face to face, we could live beyond age 100, passed away at age 55 (did he lied to me?).

[Good-Carbuyer]

in a few months time, u will read temasek lose money again. so much so for the stable hands...

CPF = Coroborated Prvident Failure, promotes business for ah longs like agent for them.

[Good-Carbuyer]

it seemed like our country has no $$$ again.... -.-;;;

Charity means donations?

[Good-Carbuyer]

he said: "We are enhancing the CPF system to make CPF savings last longer for members."

he means: "We are enhancing the CPF system to make CPF savings untouchable by members."

Is this the latest ah long promotion by CPF?

[Good-Carbuyer]

confidence for the future

For ah longs?

[Good-Carbuyer]

Beside TH, also need to look at GIC, the other culprit... I wonder is it becoz of GIC heavy loss at UBS... They lost more than half the investment there, two thousand millions USD lost sia

Looks more like repeated charity donations by the A-team. I wonder if it is true, or just for someone to pocket the money behind the scene?