Political Genius, Ah Yaw who have the foresights to consigned Ling How Doong to the heap of history and move forward the cause of Opp politics in SIngapore by many decades....
Ah Yaw propose:
transparency and accountability in our employment and S-pass system
need further tightening of the work pass system by adjusting the inflow of foreign manpower by industry. Third, we need to enhance current workforce training in order to increase productivity.
recent move to tighten the Q1 pass criteria increase the wage cost for about 20% of current Employment Pass holders or 30,000 foreign professionals by 1 to 2%. This tiny amount does not level the playing field for Singaporeans as employers do not make CPF contributions for foreign employees while the CPF component of the wage cost of Singaporean workers amounts up to 16% of gross wages.
Not all unemployment insurance schemes provide income without work. Unemployment insurance can encourage the unemployed to find work or even to retrain, for example by tying payouts to participation in WDA job placement and training programmes. We must therefore study international best practices and consider whether they could be adapted to our context. We cannot dismiss it out of hand without due consideration and research, especially now that we are facing challenging economic conditions ahead.
our CPF should raise “the minimum level of support available to the poorest pensioners”. We have a duty to protect our senior citizens who have spent the better part of their lives contributing to Singapore’s growth. Not everyone turning 55 in 2013 will be covered by CPF Life, as only those with $40,000 or more in their Retirement Account will be automatically included in the scheme. The CPF board estimates that 70% of the cohort will be auto-included, while the rest with less than $40,000 in their Retirement Accounts would have to opt in. Ironically, the bottom 30% are the ones who need better support.
CPF Life is not inflation indexed
Ah Yaw propose:
transparency and accountability in our employment and S-pass system
need further tightening of the work pass system by adjusting the inflow of foreign manpower by industry. Third, we need to enhance current workforce training in order to increase productivity.
recent move to tighten the Q1 pass criteria increase the wage cost for about 20% of current Employment Pass holders or 30,000 foreign professionals by 1 to 2%. This tiny amount does not level the playing field for Singaporeans as employers do not make CPF contributions for foreign employees while the CPF component of the wage cost of Singaporean workers amounts up to 16% of gross wages.
Not all unemployment insurance schemes provide income without work. Unemployment insurance can encourage the unemployed to find work or even to retrain, for example by tying payouts to participation in WDA job placement and training programmes. We must therefore study international best practices and consider whether they could be adapted to our context. We cannot dismiss it out of hand without due consideration and research, especially now that we are facing challenging economic conditions ahead.
our CPF should raise “the minimum level of support available to the poorest pensioners”. We have a duty to protect our senior citizens who have spent the better part of their lives contributing to Singapore’s growth. Not everyone turning 55 in 2013 will be covered by CPF Life, as only those with $40,000 or more in their Retirement Account will be automatically included in the scheme. The CPF board estimates that 70% of the cohort will be auto-included, while the rest with less than $40,000 in their Retirement Accounts would have to opt in. Ironically, the bottom 30% are the ones who need better support.
CPF Life is not inflation indexed
