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Daily Archives: 2007-09-21

Is compulsory Longevity Insurance necessary?

SUMMARY (in italics, by Yeo Toon Joo, Peter): Contrary to the Manpower Minister’s protestations in parliament over CPF’s poor rates of return to members and the unpopular proposed longevity insurance scheme, the Government, if it so inclines, can ensure a good monthly pay-out for Singaporeans who live beyond 85 – without making all Singaporeans contribute compulsorily to the scheme. The …

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