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May 26, 2010
CPF cut a contradiction
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'Cutting contributions as one ages goes against the grain of helping a person remain as independent as possible in old age.'
CAPTAIN RAKESH DIR: 'To me, the reduction in Central Provident Fund (CPF) contributions as an employee grows older has always been baffling. I came to Singapore in 1992 on an employment pass. The effect of Singapore's efficiency, honest governance, quality of education, life and security quickly convinced me to set up hearth and home here, and I changed the colour of my passport from blue to red. My family and I have had no reason to regret our decision, bar the baffling contradiction when it comes to senior citizens. On the one hand, we focus on respect to elders, value the wisdom age imparts and make resolutions to support the old and infirm through various programmes. Yet, on the other hand, we take away something which will help that person in old age and in being independent. While I understand the practicality in ensuring that each citizen provides for himself in old age rather than depend on government welfare, cutting CPF contributions as one ages goes against the grain of helping a person remain as independent as possible in old age.'
CPF cut a contradiction
<!-- by line --><!-- end by line -->
<!-- end left side bar --><!-- story content : start -->
'Cutting contributions as one ages goes against the grain of helping a person remain as independent as possible in old age.'
CAPTAIN RAKESH DIR: 'To me, the reduction in Central Provident Fund (CPF) contributions as an employee grows older has always been baffling. I came to Singapore in 1992 on an employment pass. The effect of Singapore's efficiency, honest governance, quality of education, life and security quickly convinced me to set up hearth and home here, and I changed the colour of my passport from blue to red. My family and I have had no reason to regret our decision, bar the baffling contradiction when it comes to senior citizens. On the one hand, we focus on respect to elders, value the wisdom age imparts and make resolutions to support the old and infirm through various programmes. Yet, on the other hand, we take away something which will help that person in old age and in being independent. While I understand the practicality in ensuring that each citizen provides for himself in old age rather than depend on government welfare, cutting CPF contributions as one ages goes against the grain of helping a person remain as independent as possible in old age.'
