Dont forget, they (elderly) need to pay their housing loans.
gahmen cpf only allows people to pay loans up to age 55. if you are
45 or anywhere near 55 the loan period and amount will decrease. to
the extend sometimes people of this age cannot buy anymore as loan
too high. gahmen on cpf rules will ensure that any loan will be
cleareed by age 55 and thereafter cannot be used anymore to set
aside for retirement account.
on the cleaning contractors clearly its contract jobs so the
businesses really want to push the employment things to contract
stuff agencies. they don;t want to add cost to their own. contract
agencies of course also want to earn on their own buisnesses os
like that its clear they can only depend on foreign workers.
that's why for this type of job categories gahmen should employ
minimum wage.