Keyword : CPF

  • CPF money: Yours, ours or the Government’s?

    By: IPS Editor | Aug 14, 2019 | Hits: 1009

    To whom does our Central Provident Fund (CPF) money belong? This question comes up regularly in Singapore, and two recent cases attracted wide public attention and deep sympathies among Singaporeans. In one case, a husband wanted to draw out his CPF monies to pay for his wife’s treatment at a private hospital.  She had reportedly…..

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  • The case for restoring CPF contribution rates of older workers

    By: IPS Editor | Jul 11, 2019 | Hits: 736

    We recently recommended that Central Provident Fund (CPF) contribution rates for all workers be equalised at 37 per cent, restoring the rates for older workers back to be on par with those of younger workers currently. To many, the change would be a sensible and fair approach. But some have responded strongly to say that…..

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  • The Time Economy

    By: admintest admintest | Mar 20, 2017 | Hits: 1818

    There is a growing sense that a country’s gross domestic product (GDP) is an incomplete measure of national output and productivity. For one thing, GDP, which is the aggregate value of all goods and services produced within a country, does not count socially valuable but unpaid activities. Caregiving for children, the disabled and the elderly…..

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  • [The Angle] Ideas to Further Refine the CPF System

    By: admintest admintest | Jan 20, 2016 | Hits: 4271

    The CPF return formula has been “tweaked” significantly to improve the progressivity of the system in recent years with the addition of initial balance layers that attract higher rates of interest; most recently as high as 6% on balances up to $30,000 in the Retirement Account. I’m not sure you can find a better return-risk…..

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  • [The Angle] Housing Grants and the Affordability of HDB Flats

    By: admintest admintest | Jan 04, 2016 | Hits: 3079

    The HDB gave an update yesterday on the housing grants it has disbursed, as of November 2015. Since 2006, HDB has released $1.6 billion in Additional CPF Housing Grants (AHG) to close to 83,000 households. It has also given out $297.61 million in Special CPF Housing Grants (SHG) since 2011 to almost 20,000 households. Eligible…..

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