Roy left shiny head high and dry

http://therealsingapore.com/content/i-asked-minister-tharman-4-questions-forum-and-what-he-replied

I asked Deputy Prime Minister and Finance Minister Tharman the following questions at the Forum on CPF and Retirement Adequacy today.

(1) What is GIC's interest earned in SGD terms since inception (1981)?

(2) Has the Temasek Holdings invest in GIC before?

(3) How much did the government earned in absolute monetary terms, from the excess returns on the CPF, and will the government consider returning some of it back to Singaporeans?

(4) The GIC said before June this year that they do not know if they invest our CPF as it is not made explicit to them, but in June this year, they admitted that they do. Why did the government made an about turn? And this might perhaps be intriguing since the government is also on the board of directors of the GIC.

*****

Here are the responses (if replied to):

(1) Minister half-replied this question. He said the GIC returns in the last 5 years is 0.5%, 5% in the last 10 years and 5% in the last 20 years. He did not reveal the returns for the past 33 years, since GIC's inception.

(2) Minister replied that Temasek Holdings has never managed the CPF. He said that prior to the amendment to the constitution in 1992, CPF was used to finance infrastructure. After 1992, the constitution was amended to invest the CPF in the SGS which disallows the government to use the SGS for infrastructure and can be used only for investment.

(3) This question was not answered.

(4) This question was not answered. Minister said that the government did not make an about turn.



Roy Ngerng

Finally the govt is saying that they are going to consider increasing the CPF return. If Roy doesnt exist, we will all be poorer still.

Well done Roy!

kingrant said:

Finally the govt is saying that they are going to consider increasing the CPF return. If Roy doesnt exist, we will all be poorer still.

Well done Roy!

Click to expand...

PAP never liked any of their voters to question them, on what they are doing!. They are so used to, shaft down your throat, & arse, a characteristic from the LKY era.

They are also, accustom of doing things, without anyone questioning them or stopping them, also from the LKY era....do we want this to continue for another 50 years??

They are most happy, if we just keep quiet, roll over like a 'good dog' & open our legs...waiting to b sniffed..like all dogs do..

kingrant said:

Finally the govt is saying that they are going to consider increasing the CPF return. If Roy doesnt exist, we will all be poorer still.

Well done Roy!

Click to expand...

Yes Roy open up the awareness on CPF, a topic very dear to every Singaporeans.

Yes he highlighted that we are short-changed.

Make the story short....these 50 years CPF has been very top-down in it's approach.

Every directives/change is always from them..top-down..

they don't listen..

NOW IT IS TIME THEY LISTEN

Thank Roy...u have entrap a gullible PM with the lawsuit.

This time round, He loses big time..