Time for restoration of the CPF cut???
- Thread starter Areopagus
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when they cut our CPF they boldly cut employer's contribution by 50% (from 20% down to 10%), resulting alot of people having issues with their installments for HDB. when economy stabilized, they implement GST 3%, did nothing to adjust the CPF.
later they decided to increase employers contribution from 10% to 13%, some companies pull out. leaving workers hanging by the balls. while all that was happening, they raised GST from 3% top 5%.
then, when they wanna justify pay raise for themselves, they decided to raise GST from 5% to 7%. and after a loooooong wait, they're finally telling employers to contibute 14.5~15%.
after more than a decade...... why cant they bring the employers contribution back to 20%????
instead of doing the necessary to favor for the citizens, they now introduce more FTs to bring salaries down???
we need to ask ourselves, who's interest r they serving???
later they decided to increase employers contribution from 10% to 13%, some companies pull out. leaving workers hanging by the balls. while all that was happening, they raised GST from 3% top 5%.
then, when they wanna justify pay raise for themselves, they decided to raise GST from 5% to 7%. and after a loooooong wait, they're finally telling employers to contibute 14.5~15%.
after more than a decade...... why cant they bring the employers contribution back to 20%????
instead of doing the necessary to favor for the citizens, they now introduce more FTs to bring salaries down???
we need to ask ourselves, who's interest r they serving???
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