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...
Question on the $1.1B Package to boost bus capacity
DPM and Finance Minister Mr Tharman's comments that the $1.1B package is a subsidy for commuters instead of Private Transport Operators (PTOs) befuddles me. While I have no arguments about improving our public transport system, the injection of such a large sum of taxpayers' money into what is essentially a private enterprise...
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