For all the disgusting profit they have earned from HDBs, what
is $9000 bonus in the CPF? Is it all CPF? Comfirmed?
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NATIONAL Servicemen stand to get $9,000 each in a move to show
that citizens come first amidst resentment towards foreigners who
do not have to serve NS.
Prime Minister Lee Hsien Loong on Sunday night announced a
'National Service Recognition Award' at the National Day Rally.
The $9,000 for NSmen who are citizens only - and more for
commanders - will go into their CPF and Post-Secondary Education
Accounts in tranches.
Mr Lee said this is a recognition for the contributions and
sacrifices of NSmen who give up two years full-time, and then
return for reservist while trying to build a career and build a
family.
Permanent Residents who have done their NS will get the payout
only when they become citizens.
At any one time, there are 55,000 active servicemen - about
20,000 regulars and more than 30,000 full-time national
servicemen.
There are about 300,000 operationally-ready National
Servicemen.
Source:
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_572451.html
