The riddle of GIC’s performance and CPF funds

[Confuseous]

The question now is whether the CPF-GIC model is sustainable if Singapore values keeping the cost of living low more than being able to pay interest on CPF deposits by its overseas investment returns. This might also explain why the Singapore government seems intent on forever making it harder and harder for depositors to withdraw their CPF savings through the introduction of innovative policies such as CPF Life, and Minimum Sum. This is especially true when one considers that the baby-boomer generation of workers are nearing retirement and are would have withdrawn much of their CPF balances if it weren’t for these restraining policies.

- http://furrybrowndog.wordpress.com/...-gics-performance-and-cpf-funds/#comment-6046

 

[halsey02]

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