Category Archives: CPF

GIC, manager of CPF funds and state reserves, should not conceal lower S$ returns

Before 2010, GIC had disclosed annual returns in Singapore dollar. (GIC reports, see pg 10) In 2010, GIC decided to change its reporting currency from S$ to US$. There was no reason to change the reporting currency because all returns would … Continue reading

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Minister Jo Teo conceals failure of CPF scheme

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EPF’s success explains CPF’s failure

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EPF’s success explains CPF’s failure

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PAP MP Gan and MOM Minister Teo continue with wayang to conceal failure of CPF scheme

Fact: CPF scheme is a complete failure because the majority of Singaporean members are unable to meet the FRS sum in cash at age 55. In the written answer by MOM Minister Teo on 10 July, she disclosed that only … Continue reading

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