Fact: Except for a handful of PAP elites, nobody knows where our CPF monies are invested.
The PAP government has repeatedly told Singaporeans a half truth: CPF is invested in special Singapore government bonds.
But if PAP had any intention of investing on behalf of ordinary Singaporeans to ensure retirement funding adequacy, CPF monies would have been invested in different classes of assets, eg equities, inflation indexed bonds, real estate, private equity, etc.
Instead, PAP simply legislated CPF monies as cheap loans to the government.
To complete the wayang, all who have been entrusted with the responsibility of jaga-ing our CPF (also part of reserves) are PAP appointees.
More at https://tinyurI.com/y8zka4cb
The PAP government has repeatedly told Singaporeans a half truth: CPF is invested in special Singapore government bonds.
But if PAP had any intention of investing on behalf of ordinary Singaporeans to ensure retirement funding adequacy, CPF monies would have been invested in different classes of assets, eg equities, inflation indexed bonds, real estate, private equity, etc.
Instead, PAP simply legislated CPF monies as cheap loans to the government.
To complete the wayang, all who have been entrusted with the responsibility of jaga-ing our CPF (also part of reserves) are PAP appointees.
More at https://tinyurI.com/y8zka4cb
