CPF - Pointless Brag

[winnipegjets]

CPF Board deputy chief executive Don Yeo said: "The CPF's sustainability is our key strength as it does not burden future generations, unlike countries whose governments have to borrow to finance their pension liabilities."

Don is dumb.

1. CPF scheme steals returns from sinkees to benefit;
2. Sharing across generations is the norm ...during good times, more taxes is collected while in bad times, less taxes is collected. Benefits are shared across generations.
3. How many countries are borrowing to finance pension? Just a handful.

Stop bragging about the CPF because CPF does not meet the standard of a pension in the first world.

 

[ginfreely]

CPF might as well pay zero interest and then boast about HIGHEST sustainability compared to the other countries. The best don't return the funds to members at all - got input no output - MAXIMUM sustainability.