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Posts tagged with "cpf"
Issues That Matter: Uniquely Singapore – F1 or F9?
Jan. 25 | “Can you imagine walking to every HDB block and every floor that you go, every 12 flats that you count, one of them is in arrears by more than three months? And at the end of the day, if they cannot pay and they default (on their mortgage loans),...
CPF: can’t withdraw more at 55 even with property pledge?
May. 23 | The CPF Minimum Sum (MS) is the amount a member has to set aside in his or her Retirement Account (RA) for retirement needs. The RA is set up when a member reaches 55 years of age, drawing from savings in the Ordinary and Special accounts (OA and SA respectively)....
Singaporeans’ rights to social security and public housing
May. 14 | Social security Singaporean workers have to make mandatory contributions of up to 34.5 per cent of their wages to their own individual pension accounts (the Central Provident Fund accounts). The government issues non-marketable government bonds at 2.5...
CPF – we’ve got it right
Mar. 30 | “This issue of balance between housing, health and cash is always on the table. And there’s no perfect answer to that. By and large, we got it right so far. The problem is, we need to make it last a lifetime, because that’s what people...
Many Singaporeans want to migrate – Why?
Feb. 10 | Leong Sze Hian I refer to the article “Singapore envies Kiwi lifestyle” (New Zealand Herald, Feb 9). It states that “The bait was better working hours, cheaper cars and housing – and in three weeks thousands from Singapore have...
Are Singaporeans clueless about retirement, and if so, why?
Nov. 12 | Note: Hi everyone, you may notice that your comments are not appearing immediately as they should. This is because of a technical glitch and not because of moderation. We’re trying to fix the problem. We ask for your patience. Thank you. Ng E-Jay ...
CPF: What happened since GE2006?
Nov. 4 | On 18 September 2007, Parliament debated on CPF Reform, whereby CPF annuity schemes were first proposed. The Secretary-General of Worker’s Party Low Thia Khiang made an impassioned plea for the Government to delink retirement age and CPF withdrawal...
Parents suing their children?
Sep. 29 | Leong Sze Hian I refer to the media report “172 file for parent maintenance in last 12 months” (CNA, Aug 19) about the increase in applications to the Tribunal for the Maintenance of Parents (TMP) by more than 70 per cent to 172 in the previous 12...
Think carefully before opting for ‘no refund’
Feb. 18 | The following is a letter written by Leong Sze Hian and published by The New Paper on 17 February. I REFER to media reports about the changes to the CPF Life scheme. Changing CPF Life’s original 12 options to four, is not just making it less confusing...
Risk-free nest eggs
Jan. 9 | The CPF savings are wholly invested in Special Singapore Government Securities, which are risk-free and provide a steady return. In boom times, CPF members have sometimes complained that this approach yields too low returns. But in the current unstable...
TOC Report: Singaporean, 57, employed, married but cannot buy HDB flat
Nov. 12 | Andrew Loh / Deputy Editor Mr Sinnathamby Silvalinkam, 57, is a very disheartened and desperate man. Five months of correspondences with the Housing and Development Board (HDB) have failed to help him get what he desperately needs – a roof over his...
Rethinking welfare
Nov. 4 | Fang Shihan / Guest Writer Most Singaporeans are probably familiar with the term ‘welfare’ as one of the main explanations for indolence. Time and again, we have heard stories about alcoholic bums queuing outside welfare offices in New York, social...
