Tag Archives: cpf

4 things that CPF fails at

By Marcus Chua, DollarsAndSense DollarsAndSense recently attended one of the focus group discussions held by the Central Provident Fund (CPF) to understand the scheme better. We noticed four recurring themes that kept coming up during the discussion, and have summarised them with the acronym “UPCC” for a truly Singaporean reading experience. U – Understanding Singaporeans P – Predictability C – Clarity C – …

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SDP : PAP wobbles on its stance on CPF Minimum Sum

  Singapore Democratic Party (SDP) has commented that the government’s recent announcement to be more flexible on the Central Provident Funds (CPF) is in response to the growing resentment towards the national retirement saving . The government has recently stated that it is willing to be more flexible on allowing a different Minimum Sum for different groups of people in its on-going review on …

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Enhancing CPF – gov’t panel wants your views

The Government’s Central Provident Fund (CPF) Advisory Panel is inviting members of the public to provide feedback on possible changes to the CPF scheme. This comes after the president announced on 16 May at the opening of Parliament that the government “will improve the existing CPF savings”, to “ensure that [Singaporeans] have enough for their financial needs in their golden …

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Abolish CPF and the retirement age

By Benedict Chong It was only several months ago when PM Lee Hsien Loong launched a defamation lawsuit against Roy Ngerng for insidious and damaging attacks upon his character and name. The scope of this article, however, is not to question the morality of the lawsuit. Instead, it aims to delve into a field not visited by Roy in his …

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Over S$35 billion of injections from Govt to Temasek but no CPF monies?

By S Y Lee and Leong Sze Hian We now know exactly where the $5 billion injection into Temasek Holdings came from, if we were to read the various media reports on the sources of the $5 billion capital injection from the Government into Temasek Holdings. Temasek Holdings had disclosed on Tuesday that it received a $5 billion capital injection from the Ministry of Finance …

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76 years old lady begged Hri Kumar to help her get CPF money back

This morning, a forum to discuss matters of Central Provident Funds took place at Thomson Community Centre. The forum entitled, “CPF – An Honest Conversation: Public Dialogue with Thomson-Toa Payoh Residents” was hosted by Hri Kumar, PAP MP of  Bishan-Toa Payoh GRC and is said to be open to only residents of the ward. A elderly lady, who does not …

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CPF: How it ‘really’ works?

By SY Lee and Leong Sze Hian We refer to the infographics (above) on “CPF: How it works” published in Business Times. More questions? This latest information may raise some more questions about our Central Provident Funds (CPF). Why did it take so long to tell us? Since we now know that CPF is managed by the Singapore sovereign wealth …

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Temasek’s letter doesn’t answer why CPF MS is being raised

By Kenneth Jeyaretnam In an extraordinary turn of events the State Times published a letter in its Forum page yesterday from Temasek Holdings. It seems that last Saturday ST published an article (“Ways to improve CPF“) which quoted an unnamed person as saying he suspected the Central Provident Fund Minimum Sum was raised “because Temasek or GIC lost money overseas”. ( See …

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How does Temasek know it does not handle CPF funds?

By SY Lee and Leong Sze Hian We refer to Temasek’s letter “Temasek doesn’t invest or manage CPF savings” (Straits Times Forum Jun 4) to Straits Times’s article ““Ways to improve CPF”” published last Saturday. The article wrote – Another elderly CPF member who declined to be named tells Insight: “Every time they raise the Minimum Sum, I suspect that it’s …

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