Daily Archives: 2007-07-02

CPF – F1 or F9 : Poor get less % than the rich?

By Leong Sze Hian I REFER to NTUC’s proposal to reduce the CPF contribution for lower-income workers and put 40 per cent of the Workfare bonus to CPF. On the one hand, we are putting more of the Workfare Bonus cash payout to worker’s CPF, but on the other, we are cutting their CPF contribution so that they can have …

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