How much should the Government have paid into CPF?
This is a follow-up to my previous article in regards to the comparison between EPF and CPF. Here, we look at what the Singapore Government should have paid into our CPF accounts to equalize the effect of inflation. My previous article is called 'EPF superior to CPF in many ways' which I hope all of you will read. 2008 2009 2010 2011 2012 2013 Total ...
$1.3B in MediShield ‘excess premiums’ over last 6 years?
I refer to the article “Circle of trust in welfare system: Is S’pore ready” and Dr Yik Keng Yeong’s letter “MediShield Life must be stringently policed” (Straits Times, Mar 1). The former states that “Its (MediShield Life) reception will show how willing Singaporeans are to commit more personal resources (pay higher...
Singapore’s creative Budget accounting (3)
DPM & Finance Minister Tharman This is probably the concluding part in my attempt to show that our budget for F/Y 2014 recently announced does not show a true picture of the country’s finances. I felt as excited as winning the lottery when I finally found, deep within the bowels of the IMF website, data on the Singapore...
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