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22-07-2014, 09:30 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
I just asked the Manpower Minister Tan Chuan-Jin at the Forum on CPF and Retirement Adequacy the following questions.
I asked the minister (1) what the proportion of 'all' CPF members who can meet the CPF Minimum Sum in cash is, (2) what the median CPF balance is and (3) what the median CPF payout is.
The question wasn't answered. Minister said that in terms of statistics, some of these questions do surface and the ministry will share the information as and when.
I also asked the minister that thus far the government has increased the CPF contribution rates and asked Singaporeans to work longer in order to grow the CPF. I asked if the government would consider implementing a minimum wage, and increasing wages and the CPF interest rates in tandem with the growth in the CPF Minimum Sum to grow the CPF.
Also, since the National Development Minister Khaw Boon Wah has admitted that the government controls the housing programme and the prices of HDB flats, and since Singaporeans spend 55% of our CPF Ordinary Account to pay for housing, I asked if the government will look into moderating housing prices, so that Singaporeans won't have to spend too much of our retirement funds on housing.
The question was not answered. Minister said that there are schemes such as Workfare that would support low-wage workers, and that individuals should not overconsume on housing and cause a stretch, and should spend within their means.
Roy Ngerng
http://therealsingapore.com/content/...hat-he-replied (http://therealsingapore.com/content/i-asked-minister-tan-chuan-jin-3-questions-forum-and-what-he-replied)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?186383-Roy-proved-paper-general-only-paraphase-know-nuts-about-CPF&goto=newpost).
I just asked the Manpower Minister Tan Chuan-Jin at the Forum on CPF and Retirement Adequacy the following questions.
I asked the minister (1) what the proportion of 'all' CPF members who can meet the CPF Minimum Sum in cash is, (2) what the median CPF balance is and (3) what the median CPF payout is.
The question wasn't answered. Minister said that in terms of statistics, some of these questions do surface and the ministry will share the information as and when.
I also asked the minister that thus far the government has increased the CPF contribution rates and asked Singaporeans to work longer in order to grow the CPF. I asked if the government would consider implementing a minimum wage, and increasing wages and the CPF interest rates in tandem with the growth in the CPF Minimum Sum to grow the CPF.
Also, since the National Development Minister Khaw Boon Wah has admitted that the government controls the housing programme and the prices of HDB flats, and since Singaporeans spend 55% of our CPF Ordinary Account to pay for housing, I asked if the government will look into moderating housing prices, so that Singaporeans won't have to spend too much of our retirement funds on housing.
The question was not answered. Minister said that there are schemes such as Workfare that would support low-wage workers, and that individuals should not overconsume on housing and cause a stretch, and should spend within their means.
Roy Ngerng
http://therealsingapore.com/content/...hat-he-replied (http://therealsingapore.com/content/i-asked-minister-tan-chuan-jin-3-questions-forum-and-what-he-replied)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?186383-Roy-proved-paper-general-only-paraphase-know-nuts-about-CPF&goto=newpost).