SUGGESTIONS FOR CPF
Senior Minister of State Heng Chee How on how to increase CPF savings
1 Raise the re-employment age from 65 to 67.
2 Increase base pay. Schemes such as the progressive wage model should help.
3 Review the CPF contribution ceiling to help professionals, managers and executives. It is currently set at $5,000 per month.
Marine Parade GRC MP Tin Pei Ling on CPF use
1 Evaluate if it's possible to guarantee a higher rate of return on CPF, so that it can better withstand inflation and be well above the minimum sum.
2 Allow CPF money to be used by those in genuine and immediate need, such as for HDB mortgage and children's education.