I think they are going to increase employer's CPF contribution
for older workers, last time, they said they reduce so that
employer will employ or keep the existing older workers, now if the
increase, employers like me is sure to make noise lor, it is a cost
to us leh, then I employ foreigners better.
On the other hand, whenever they talk about CPF, I hve a strong
feeling that GIC or Temasek need some funds to recuperate their
losses or wanted to invest on something without hurting their
shareholders.
Possibly.
After all, money in CPF cannot be touched by the commoners.
