DPM Tharman Shanmugaratnam and Minister Tan Chuan-Jin made good speeches on the CPF in Parliament today.
DPM Tharman gave a full account of our CPF returns and investments. It was a comprehensive statement, but the main points are that our CPF monies are safe and earning good returns. Do click on the link below to watch DPM Tharman's replies, or read his speech at http://bit.ly/TPHBGL.
Chuan-Jin explained how the CPF Minimum Sum gives Singaporeans a steady stream of income in retirement. He dispelled some common misunderstandings about the Minimum Sum. e.g. did you know that if you own a house, you don’t need to set aside $155,000 - the full Minimum Sum – in cash, but only half - $77,500, and that you could cover the rest with a property pledge? You can watch Chuan-Jin by clicking on the playlist below, or read his speech at http://bit.ly/1owFDF5.
Our CPF system is sound, and has helped Singaporeans save for their old age. Many countries want to learn from us. But we are not resting on our laurels. We are improving our system to give all Singaporeans peace of mind in their silver years. - LHL
