No properly managed pension fund gives below 2.5% returns except CPF

[TopSage]

Singapore's CPF severely under perform even the pension funds of developing countries. Funds like Calpers generate close to double digit returns for retirees.

http://www.calpers.ca.gov/index.jsp?bc=/about/press/pr-2013/july/fiscal-year.xml

The refusal of PAP to have CPF funds managed by the best to acquire the best returns put Singaporeans at risk and hurts ordinary Singaporeans.
Putting on a low fix return on retirement funds is not common practice and certainly not the best practice.

The PAP has build up sizable reserves by keeping the excess returns from investment at the expense of Singaporeans ...this is not done for the benefit of Singaporeans but to expand the sphere of influence of a small number of elites in our society in the financial world. Such actions hurt ordinary Singaporeans and many face a poor quality retirement as a result of such policies.

 

[Scrooball (clone)]

No proper fund will deny the investor to withdraw his own money freely. To call CPF a fund is a joke.

 

[eErotica69]

Must compare rates vs return and not just rates alone.

 

[I_Hate_Pappies]

2.5% can't even cover my pee hole. :oIo::kma:

 

[soIsee]

If TS is so fucked up to leave the funds inside to earn 2.5%.

Then it's better for him to 'fucked off' ! LoL