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From 1974 to 1986, Singaporeans were earning an interest of 6.5% on our CPF pension funds.
From 1986, the government then said that it will peg the CPF interest rates to the banks' interest rates to give better returns.
However, thereafter, our CPF interest rates just kept falling and never went back to 6.5%.
In fact, CPF interest rates has fallen to the lowest today, at 2.5% for the Ordinary Account and has become the lowest among all pension funds in the world.
In the mid-1980s, the PAP-run government started to change its ways to start earning money off Singaporeans. It took us 30 years to discover what the PAP has been trying to do - that's more than half the time that the PAP has put themselves in government and has been doing this.
How long more will it take Singaporeans, to do what is right for ourselves and to vote for a new government to protect ourselves?
From 1986, the government then said that it will peg the CPF interest rates to the banks' interest rates to give better returns.
However, thereafter, our CPF interest rates just kept falling and never went back to 6.5%.
In fact, CPF interest rates has fallen to the lowest today, at 2.5% for the Ordinary Account and has become the lowest among all pension funds in the world.
In the mid-1980s, the PAP-run government started to change its ways to start earning money off Singaporeans. It took us 30 years to discover what the PAP has been trying to do - that's more than half the time that the PAP has put themselves in government and has been doing this.
How long more will it take Singaporeans, to do what is right for ourselves and to vote for a new government to protect ourselves?
