Govt reviewing how CPF Minimum Sum is calculated
Manpower Minister Tan Chuan-Jin (Photo TODAY) At the Institute of Policy Studies’ Forum today (22 Jul), Manpower Minister Tan Chuan-Jin indicated that the Government is reviewing the CPF interest rates and more announcements will be made later on on this issue. Mr Tan said that concerns about inflation impacting retirement...
LTA fines ‘B’-grade SMRT $1.6M for lapses
LG (NS) Desmond Kuek, SMRT President and CEO, gave SMRT a 'B' grade last year. In a statement yesterday (21 Jul), LTA said it intends to fine SMRT $1.6 million for 4 separate incidents on the North-South and East-West Lines (NSEWL). The money will be donated to the Public Transport Fund to help needy families with...
NMP Lien on GIC: Pay out bonus returns periodically
NMP Laurence Lien NMP Laurence Lien wrote an article and was published in ST yesterday ('Joint responsibility for old age income security', 21 Jul). Mr Lien wrote that some Singaproeans have asked if their CPF money is still there and wondered if it has been lost. Mr Lien didn't think so. He wrote, "As a previous director at...
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