An extract..
"I propose, therefore, that we give up the 40 percent target, so
that we can save jobs. We should find a lower contribution rate for
the long-term, one which still gives the majority of Singaporeans
enough CPF to pay for housing, healthcare and retirement expenses,"
he said.
Mr Goh, however, cautioned that it is hard to settle on a single
number as the long-term CPF rate as economic conditions nowadays
are too unpredictable.
"I would, therefore, want the option of cutting CPF in bad years,
and conversely, putting more into the CPF in good years. This will
give us greater room to manoeuvre, to respond to the competitive
environment," he said.
I wonder if it'd go down beyond "30%' in worse times since anything
once promised may be retracted now..
and that minimum increase makes me frown.
Are you planning to stay single?
