TR EMERITUS

Roy was right about “The Dirty CPF-HDB Scheme To Trick Singaporeans“. I will not touch on the HDB part but only state the obvious about our CPF. Is CPF money, or not money? CPF savings used to fund housing becomes invisible money at age 55. A member who has used $166,000, or even much more, to pay for his HDB flat is still... 

We all know the legend that S’pore was called Singapura because FT Sang Nila Utama was told that the animal he saw when he landed here was a lion (“Singa” in Sanskrit). The animal had a red body, black head and a white breast. Strange lions in the olden days. The otters say that he saw a big white-breast otter that got... 

Our CPF system has been abused for far too long and is in urgent need of a revamp. The issue of retirement adequacy has never been properly addressed: allocation rates have not been amended (nor CPF interest rates increased). Even an idiot knows that one of the main causes of our retirement shortfall is allocating too much savings...