• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

My friend, a civil servant, told me that it is very likely that our employer cpf contribution will be cut to 10% to lower employer cost

B

Boonsiong

Alfrescian
Loyal
Joined
Apr 10, 2022
Messages
10,285
Points
113
Currently Singapore cost is too high and Singapore cannot attract employers to come to Singapore to hire us

So government is planning to cut employer cpf contribution to 10%

All writings are on the wall
 
CPF is a scam. A bajilion % contribution does not change this fact.
 
Those who bought million dollars hdb using cpf to service loan are going to get fucked
 
Boonsiong said:
Currently Singapore cost is too high and Singapore cannot attract employers to come to Singapore to hire us

So government is planning to cut employer cpf contribution to 10%

All writings are on the wall
Click to expand...
Yes, but they have actually push the costs of living so damn high and everyone is rushing to come work.
 
I don't believe they will do that. After all it's a ponzi scheme. If they don't collect CPF, they got no money to pay out to those reaching 55 and those CPF payouts at 65.

And like every ponzi scheme without exception, will fail!
 
Loofydralb said:
I don't believe they will do that. After all it's a ponzi scheme. If they don't collect CPF, they got no money to pay out to those reaching 55 and those CPF payouts at 65.

And like every ponzi scheme without exception, will fail!
Click to expand...
I hope your theory is correct
 
As long as there are enough JLB around to support it, just as with Bekok's debt of US$37.5 T(about 135% GDP)
 
This is not possible.
What will happened to the resale price of property ?
Singapore economy is base on rental seeking mentality
 
Seriously why does company has the burden to pay CPF? Do the work, pay the salary. That's the system isn't it?
 
congo9 said:
This is not possible.
What will happened to the resale price of property ?
Singapore economy is base on rental seeking mentality
Click to expand...
In recent years, the sharp decline in property prices in countries such as Nipon (1990) and Tiongkok (2020/21) has led to a shift in the market. Despite the initial shock, these countries have managed to recover and even thrive, with their property prices stabilizing at a lower level.
 
There are more foreigners than sinkies in Sinkieland
 
You must log in or register to reply here.

Similar threads

P
Serious High SES Recruitment Firm Kerry Consulting asked staff to pay for their own CPF
Replies
4
Views
368
Hypocrite-The
Hypocrite-The
B
My friend in Koufu suggested many good and executable ideas for PAP to help to lower cost of Living after this GE
2
Replies
27
Views
2K
True Believer
T
P
Serious Ah Loong - You better be self-reliant ok!
Replies
3
Views
1K
k1976
k1976
P
Serious Art Investment Company Shutdown Employees Unpaid!
Replies
7
Views
283
Scrooball (clone)
Scrooball (clone)
P
Serious Jiuhukia earns big here, cancel PR at 45 went back Malaysia retires like a King!
Replies
10
Views
923
winners
W
Back
Top