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Under the SDP's Plan, Medisave will be scrapped and the money returned to one's CPF Ordinary Account. Singaporeans who are employed and earning $1,500 or more will contribute $600 per year into the National Health Investment Fund (NHIF). This will be deducted from their CPF savings.
I don't mind if low-income earners or unemployeds aren't forced to contribute. However, there's a question. Transferring Medisave to Ordinary will result in a lowered interest rate from 4% to 2.5%. Since there's a replacement scheme, Medisave should be refunded in cash to self-employeds (who shouldn't be contributing to CPF at all if not for Medisave) or transferred to Special/Retirement for employees at the same 4% interest rate, isn't it?