09 Feb '12, 6am

CPF contribution rate for older workers

The Prime Minister has announced that the CPF contribution rate for older workers will be increased gradually. I suggest that the PM take a bold step and revert to a uniform contribution rate to all workers, regardless of age. Older workers who are not productive (due to age) has already suffered a wage cut, based on market forces. There is no need to further penalize them through a lower rate of CPF contribution, which upset their savings for retirement. Do you agree with this statement?

Full article: http://tankinlian.blogspot.com/2012/02/cpf-contribution-r...

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