12 Feb '12, 12pm

We should revert to a uniform contribution rate towards CPF, regardless of the age of worker....

Sent to Today paper on 9 February, but not published. The Prime Minister has announced that the CPF contribution rate for older workers will be increased gradually. I urge the Prime Minister to take the bold step and revert to a flat rate of CPF contribution for all employees, regardless of age. Employers already have the means of adjusting the wages of older workers based on their contribution and work productivity. This can be carried out through negotiation on a case by case basis, based on the financial situation of the employer. Older workers will accept a wage cut, if their employer is not able to afford their high wage. They are sensible and will accept lower wages to avoid retrenchment or unemployment. There is no need for the Government to legislate a lower rate of CPF contribution for older workers which have the negative consequences of disrupting their savings ...

Full article: http://tankinlian.blogspot.com/2012/02/revert-to-uniform-...

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