29 May '14, 11pm

Consolidated summary of deficiencies in the CPF system

Consolidated summary of deficiencies in the CPF system

Consolidated summary of deficiencies in the CPF system May 30, 2014 by Ng E-Jay Filed under: Current Affairs and Politics Written by Ng E-Jay 30 May 2014 (i) CPF savings have been depleted by rising property prices. The young working adults are saddled with lengthy mortgages and are left with less funds in their CPF accounts for retirement. (ii) The CPF earns low returns compared to returns purportedly earned by GIC, Temasek, and MAS on their investment portfolios. The investment mandate, the rates of return, and the extent of borrowing and leverage employed by GIC, Temasek and MAS are not subject to public scrutiny. (iii) CPF Medisave and Medishield are no longer adequate for healthcare expenses and healthcare insurance, which have soared in recent years. The government has pushed the large burden of healthcare expense back onto the individual, whilst spending the least o...

Full article: http://www.sgpolitics.net/?p=8795

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