News

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.