Explain the lower payouts of new CPF Life plans
TWO of the existing Central Provident Fund (CPF) plans for seniors, Life Plus and Life Income, project similar and higher monthly annuity payouts than those of the current CPF Minimum Sum Scheme (‘CPF Life plans to be simplified from 4 to 2′; Tuesday). In fact, the most popular plan so far for those who voluntarily opted...
A struggling Singaporean trapped in the system
The recent budget debate touched on certain issues which are closed to my heart. Being a homegrown, heartland Singaporean I am thankful that I made it to where I am with the help of many individual angels around me. I cannot imagine where I would have been if I was entrapped and start to give in to the system set up by our government. Our...
Myth: Swiss standard of living in Singapore
We have been promised the “Swiss standard of living”. We have been told umpteen times that we should be grateful because the PAP Government has transformed our homeland from a piece of swamp to a First World country. But what is this Swiss standard of living and what makes us a First World country? Both of these notions,...
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