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Explain the lower payouts of new CPF Life plans

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... 

Patients owe public hospitals $110m?

Patients owe public hospitals $110m?

Leong Sze Hian's letter to Business Times Published March 7, 2012 I REFER to the reply in parliament that the public hospitals were owed $48 million in arrears last year, accounting for 136,000 bills outstanding for two months or more. Despite writing off $90 million in FY 2008, FY 2009 and FY 2010, public hospitals’ patients... 

Use surpluses of the past for social spending

Use surpluses of the past for social spending

Business Times Published February 14, 2012 . LETTER TO THE EDITOR I REFER to media reports that, with social spending expected to rise as Singapore ages, the government will have to look at ways to raise more revenue to help the elderly, poor and broken families. In the financial years 2005-2010, we had Budget deficits of... 


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