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Monthly Archives: October 2014
20141028 PAP government should take a leaf out of EPF’s book since it cannot resolve retirement shortfall issue
In my previous post, I highlighted the huge difference between the returns of EPF and CPF (5.91% vs 3.56% compounded interest) during the last 20 years. Not only were EPF returns higher every year during the last 20 years, CPF … Continue reading
Posted in CPF
7 Comments
20141027 CPF members better off with retirement savings managed under Malaysia’s EPF model
The PAP has been offering unbelievable justifications to pay CPF members below-inflation rate returns for decades. GIC, which manages our CPF, has been underperforming for decades, leading to our huge retirement shortfall. The PAP has been disclosing meaningless statistics to … Continue reading
Posted in CPF
2 Comments
20141026 Ho Kwon Ping just being politcally correct, PAP may fall faster than expected
Ho Kwon Ping’s take on Singapore politics has distracted Singaporeans from real issues such as our CPF retirement shortfall (lowest pension rate in the world), transport woes, incompetence of our statutory boards, etc. Ho Kwon Ping is the Executive Chairman … Continue reading
Posted in POLITICS
15 Comments
20141024 Wrong for PAP government to legalise our CPF monies as reserves
The PAP government does whatever it pleases in Singapore because there are no checks in Parliament. After legislating CPF monies as government reserves, billions in CPF returns from investments in GIC were not returned to CPF members. This has caused … Continue reading
Posted in CPF
4 Comments
20141022 Should citizens still trust the PAP?
The PAP claims it has the best and the brightest in the government but, in reality, has managed to deliver only a falling standard of living for ordinary Singaporeans over the past few decades. The PAP has been ignoring our feedback, … Continue reading
Posted in POLITICS
2 Comments
20141020 Mainstream media gloss over subpar GIC (CPF) investment $269 million capital loss
I refer to ST’s “GIC sells London property to Norway sovereign fund for $1.2billion” and GIC’s “GIC divests its 100% interest in the Bank of America Merrill Lynch Financial Centre (MLFC)”. (I’m just expanding on this issue) Both are simply … Continue reading
Posted in CPF, POLITICS
10 Comments
20141018 What is really happening to our CPF investments?
The PAP has privatised CPF monies into GIC and even had the audacity to pay CPF members the lowest returns in the world for 2 decades. The obvious reason for privatisation is of course to prevent public scrutiny of GIC’s … Continue reading
20141017 PAP thinks greed is good but citizens differ
Since the 1970s. Lee Kuan Yew has manufactured one excuse after another to increase political salary into the stratosphere. Meanwhile, the cost of living has gone up in tandem with engineered salary increases without the required productivity increase, leading to … Continue reading
Posted in POLITICS
2 Comments
20141016 It pays to be silent in Parliament
There is really no reason to be paying MPs $15,000 per month. Most MPs earn much more in their full time job and if it’s really a sacrifice, why the need to reward them with an ‘allowance’ that’s above the … Continue reading
Posted in POLITICS
4 Comments
20141014 Ex NMP Calvin Cheng says PAP MPs are also morons
Since stepping down from his NMP position in 2011, Calvin still unabashedly calls himself a ‘pubic figure’ on his Facebook. But self appointed ‘public figure’ Calvin Cheng has actually been the butt of netizens’ joke. Calvin appears to be in … Continue reading
Posted in POLITICS
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