Shit Say tries to undo his CPF cuts mistakes of the past

[Confuseous]

NTUC's call for a review is prompted by its concern that as people live longer, workers will not have enough for housing, medical and retirement needs.
(Why did he not realise this when he strongly supported the cuts proposed by employers and Govoernment? An ageing population was never a surprise.)
Also, it believes a higher CPF rate will coax older workers to continue working.
(This Shit fella is still not aware of the real situation on the ground - contractors who hire low, charge high, lowest sourcing leads to a situation where one can lose money just by going to work. This is the same clown who is resisting minimum wage even as China is doing it).

Currently, the employer contribution rate is cut from 16 per cent to 12 per cent when a worker turns 50. It is reduced again at age 55 to 9 per cent, and at age 60, to 6.5 per cent. The employee rate is cut at age 50, 55, 60 and 65. (For Shit Say, no difference. His ker-ching CPF account does not need small change like this).

NTUC's recommendations on the CPF rates were finalised after discussions with the Government and employers and endorsed by the NTUC central committee one or two weeks ago, said Mr Lim.
(Now, let's see whether tri-partism works the other way!)

 

[The Philistine]

A veiled attempt to import more foreigners. They will increase the employer contribution by 1% to show that they "care" for the people's welfare. Then they will turn around and argue that this tiny increase is an additional cost to businesses and will make them less competitive. To solve this "problem", more foreigners who are "cheaper" will be needed. The floodgates will be kept open, wages will continue to be depressed, and Sinkies will be forced to take lower pay. In the end, the so-called increase in employer contribution will be offset by the reduced salary expenses. In the end, more foreigners to help maintain GDP growth, businesses enjoy lower staff costs, and Sinkies continue to get screwed.