Chitchat General Ng Chee Peng To Leave CPF And Public Service After Helping Sinkies To Huat For CPF Funds! Please Join Politics To Continue Serving Sinkies!

[JohnTan]

VIVIENNE [email protected]@sph.com.sg @VivienneTayBT

CENTRAL Provident Fund Board (CPF Board) chief executive officer Ng Chee Peng is stepping down from the post effective April 1, 2019 as he is leaving the Singapore public service after 30 years. Augustin Lee, deputy secretary of the Ministry of Manpower (MOM), will assume the role from the same date.

Mr Lee, MOM’s deputy secretary since 2010, had previously held various appointments in the Ministry of Health as well as the Ministry of Trade and Industry. He was also principal private secretary to then senior minister Goh Chok Tong.

In a statement, Aubeck Kam, permanent secretary (Manpower), put on record MOM's appreciation to Mr Ng for his leadership of the CPF Board.

"Under Chee Peng, the CPF Board has provided members greater assurance in their retirement, improved members' service experience, enhanced the board’s digital shopfront, and extended and deepened its engagement with members," Mr Kam said.

https://www.businesstimes.com.sg/go...as-ng-chee-peng-exits-public-service-after-30

 

[Leongsam]

"Under Chee Peng, the CPF Board has provided members greater assurance in their retirement,

If greater assurance has been provided why are so many dumb sinkies asking "where is my CPF?",

It is obvious that the majority of sinkies don't seem to understand what "greater assurance" means.

 

[steffychun]

VIVIENNE [email protected]@sph.com.sg @VivienneTayBT

CENTRAL Provident Fund Board (CPF Board) chief executive officer Ng Chee Peng is stepping down from the post effective April 1, 2019 as he is leaving the Singapore public service after 30 years. Augustin Lee, deputy secretary of the Ministry of Manpower (MOM), will assume the role from the same date.

Mr Lee, MOM’s deputy secretary since 2010, had previously held various appointments in the Ministry of Health as well as the Ministry of Trade and Industry. He was also principal private secretary to then senior minister Goh Chok Tong.

In a statement, Aubeck Kam, permanent secretary (Manpower), put on record MOM's appreciation to Mr Ng for his leadership of the CPF Board.

"Under Chee Peng, the CPF Board has provided members greater assurance in their retirement, improved members' service experience, enhanced the board’s digital shopfront, and extended and deepened its engagement with members," Mr Kam said.

https://www.businesstimes.com.sg/go...as-ng-chee-peng-exits-public-service-after-30

Fake Rear Admiral you rapist! You will die!

 

[IndoMee]

Gahmen must be really desperate to keep the CPF from us, they sent an Admiral to protect it.

 

[red amoeba]

Very obvious that the guy did nothing constructive except sitting in oversized chair and enjoy the air con. How come never say the grass outside CPF building becomes greener because of him ?

 

[steffychun]

Gahmen must be really desperate to keep the CPF from us, they sent an Admiral to protect it.

A fake admiral.

 

[zhihau]

GE akan datang!!! Another military guy in the Parliament soon!!!

Altogether now!!! HUAT AH!!!

 

[JohnTan]

Thanks to Ng Chee Peng, sinkies continue to get a guaranteed return of about 4% per year from all their various CPF accounts, while greedy sinkies lose their savings in shitty investments like Hyflux, ostrict farms and MLMs.

 

[greedy and cunning]

should clown council also save with che pye f too ?
eight town councils loss S$16 million in investment in 2008.
keep increase charges and fee every few years
yet got some much surplus to gamble
what a greedy bunch of clowns

 

[nayr69sg]

Probably sit there and collect money do absolutely nothing. NOTHING. Fucked up generals.

 

[eatshitndie]

guess which grc is he going to be parachuted in?

 

[LordElrond]

Ng Chee Peng lost his job because he is not evil enough. He failed to implement the 75 year old withdrawal rule and is seen as weak in the eyes of Pappies, where he flipped flopped over 65/70 years old. A true army general will push for 75 years withdrawal, take it or leave it!

 

[LordElrond]

He was the TOP RI boy in his co-hort... every year from Sec 1 to Sec 4. He was normal and not nerdy unlike the other TOP kids. He actually had interest in girls and tied some RGS momentos onto his books presumably given by acquaintance from Sister school RGS.

 

[winnipegjets]

Thanks to Ng Chee Peng, sinkies continue to get a guaranteed return of about 4% per year from all their various CPF accounts, while greedy sinkies lose their savings in shitty investments like Hyflux, ostrict farms and MLMs.

You know the CPF is shitty when it can't even provide a return greater than SPY. The SPY returns is 3X more than that of the CPF.

Excerpt from a back-testing paper:
Annual returns from each of those three 30 year periods to see how they stacked up:

• 1926-1956: +10.77%
• 1956-1986: +9.63%
• 1986-2016: +9.99%

The consistency of returns is fairly remarkable when you consider some of the events that have transpired in each of those 30 year periods:

1926-1956: The Great Depression, a stock market crash of more than 80%, World War II, The Korean War and four recessions.

1956-1986: The Civil Rights Movement, the Vietnam War, a president was assassinated and another forced to resign, an oil price shock from the OPEC embargo, double digit inflation and interest rates and six recessions.

1986-2016: Black Monday in 1987, the Savings & Loan crisis, Desert Storm, 9/11, wars in Iraq and Afghanistan and three recessions.

The usual caveats apply here:

• Past is not prologue.
• We’re a more mature economy now.
• There were no index funds until the mid-1970s.
• Costs were much higher in the early days.
• These numbers don’t take into account inflation, taxes, fees, etc.
• The winners write the history books.
• 90 years is a small sample size in the grand scheme of things.
• 30 years is a long time to hold an investment.

We are promised nothing as investors in terms of future returns. Things could certainly be worse from this point forward. You just never know.

Still, it’s hard to look at these numbers and not be optimistic about the future. Bad things happen and human progress continues to march on.

 

[Kee Chew]

leaving Public Service for the Private Sector ??

/

Private Sector = TLC or GLC or Tycoon Linked ???