Serious CPF rates have to lower to 1% for Spore to survive.

[jw5]

Ministars get paid millions for organizing everything smoothly hehehehe..........

Simple lah. Like a cross of annuity fund and bank lah..they place out to govt bonds, the MAS raise the funds and give to GIC...GIC place out to external Fund of funds and managers who then place out to other funds...so each layer take a cut of fees..... hehehehhe

so your CPF is safe. dont worry... hehehehhe

 

[myfoot123]

Our CPF rate has never been increased, how to lower it?

 

[SalahParking]

not only drop interest on oa and sa, must extend age to 80... yield curve already flat, risk free rate is almost zero.

 

[jw5]

Interest rate will shoot up once the virus is gone.

not only drop interest on oa and sa, must extend age to 80... yield curve already flat, risk free rate is almost zero.

 

[jw5]

"Hahaha, you wait and see what we can do.............."

Our CPF rate has never been increased, how to lower it?

 

[jw5]

CPF can use to get annuity, but you better have other investments, property and most importantly, cash.

Simple lah. Like a cross of annuity fund and bank lah..they place out to govt bonds, the MAS raise the funds and give to GIC...GIC place out to external Fund of funds and managers who then place out to other funds...so each layer take a cut of fees..... hehehehhe

so your CPF is safe. dont worry... hehehehhe

 

[nightsafari]

Do you see the Scandinavian countries bankrupt? They are welfare states. Your major life expenses - childcare, education, healthcare, unemployment insurance, retirement pension - are covered over there. You can live happily with little financial stress.

It is not free though ...you pay 50 to 60 percent taxes to help pay for these services. But for most people, they are definitely getting more than what they pay.

If SINKapore can provide such public service, sinkees will be in heaven.

for those welfare states to work an abnormal amount of discipline from the populace has to occur. Imitation welfare states without nordic discipline doesn't work.

 

[nightsafari]

Never bet on your house or against the house.

good advise... er.... advice!!

 

[jw5]

They need to be educated from young.

for those welfare states to work an abnormal amount of discipline from the populace has to occur. Imitation welfare states without nordic discipline doesn't work.