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#1
25-09-2014, 04:40 AM
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400,000 earn less than a month’s childcare fee
An honorable member of the Coffee Shop Has Just Posted the Following:
400,000 EARN LESS THAN A MONTH’S CHILDCARE FEE .node-article .field-name-link-line-above-tags{float: right;}.node-article .field-name-ad-box-in-article {float: left;margin: 15px 15px 10px 0;}.node-article .field-tags{clear: both;} Post date: 24 Sep 2014 - 4:56pm  When we read a facebook post showing the increase in childcare fees’ schedule of one of Singapore’s largest childcare operators – the first thought that came to our mind was how affordable is it for middle income families? Childcare fees increase The full-day childcare fee will increase from next year, from $1,310.75 to $1,342.85. Middle-income family pays $733 after subsidies? According to childcarelink’s web site – a family with household income of $3,501 (income range $3,501 to $4,000) would have to pay a net fee of $732.85 ($1,342.85 less $300 basic subsidy less $310 additional subsidy). How affordable? How affordable is this for a family of 3 with gross household income of $3,501 ($2,800.80 after employee 20% CPF contribution)? Increase subsidy, increase fees? What’s the point of increasing the subsidy for childcare fees, when the fees increase such that even middle income families may find it a stretch to pay the net fees? 416,500 workers earn less than $1,500? In this connection, according to the Yearbook of Manpower Statistics 2014 released on 30 June 2014 – there were 44,300 residents earning (gross monthly income from work excluding employer CPF contribution) less than $500, 207,100 earning less than $1,000, and 416,900 earning less than $1,500. 400,000 earn less than a month’s childcare fees? So, to put the childcare fees increase in perspective – does it mean that about 400,000 people may earn less than or around the monthly childcare fee of $1,342.85? What kind of a country have we become, such that about 20% of the total workforce earns just as much as a month’s childcare fees in a basic childcare centre? PRs and foreigners pay more? Since the additional subsidy only applies for Singaporeans – the burden on lower and middle income permanent residents (PRs) and foreigners may be even greater. S Y Lee and Leong Sze Hian P.S. Come with your family and friends to the 4th Return Our CPF protest on 27 September 4 pm at Speakers’ Corner https://www.facebook.com/events/516436478486589/ Click here to view the whole thread at www.sammyboy.com. 
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