Tag: CPF

69-year old claims CPF only paid out S$15 for month of September, says he just wants to live with dignity

69-year old Michael Toh Thiam Hock took to social media on Friday (September 6) claiming that that he only received S$15 for his monthly payout from the Central Provident Fund (CPF), and griped about having the bulk of his money stored in his MediSave...

Despite worldwide downtrend in pension funds, CPF grows by 6.6% in assets

Singapore—Unlike other pension funds around the world, Singapore’s Central Provident Fund (CPF) has defied the downward trend experienced by assets under management (AUM). The total amount of CPF has actually grown by 6.6 percent over the past year, going from S$375 billion in total...

Chan Chun Sing: Gov’t recognizes cost pressures of planned CPF increases on businesses

Singapore — At a visit to a local seafood distributor, Trade and Industry Minister Chan Chun Sing said that the Government recognizes the cost pressures of the planned increases in the ages for re-employment and retirement, as well as Central Provident Fund (CPF) contribution...

Josephine Teo: Freelancers employed by govt will have part of their salaries put into Medisave

Singapore— Manpower Minister Josephine Teo said on August 20, Tuesday, that freelancers who are employed by the Government will have part of their salaries put automatically into their Medisave accounts. However, Ms Teo added that there are no plans for this scheme, called Contribute As You...

CPF Board claims man who is missing for 23 years received $15,000 in cash and CPF – more than the continued Medishield premium deductions

The Central Provident Fund (CPF) Board has responded to a daughter's claim that it continues deducting MediShield premiums from the CPF account of her long lost father, who went missing 23 years ago. The authority has claimed that the man received more than the amount...

Leong Sze Hian asks “Have we lost our way” on National Day

Singapore – While others were celebrating Singapore’s 54th birthday, Leong Sze Hian provided quite a few statistics concerning the country's current state and asked if Singapore has lost her way. On August 9 (Friday), prominent blogger and activist Leong Sze Hian aired some concerns...

Josephine Teo: Comparing CPF Investment Scheme to investing pension funds in other countries ‘not meaningful’

Singapore— In Parliament on Monday, August 5, Josephine Teo, the country’s Manpower Minister explained that comparing the CPF Investment Scheme to pension funds in other countries would not be “meaningful.” Ms Teo gave this answer to Member of Parliament for West Coast GRC Foo Mee...

Mother writes 12-page open letter to PM Lee, demands S$70K be released from her CPF to prevent “hands stained with our blood”

A woman shared her open letter to Prime Minister Lee Hsien Loong on social media that was 12-pages long in which she accuses government officials and various channels of having  “DESTROYED A FAMILY”. She initially requested for S$70,000 from the CPF Board earlier this year...

CPF Board now gives financial literacy lessons to students at secondary and tertiary institutions

The Central Provident Fund (CPF) Board is now giving financial literacy lessons to students at secondary and tertiary institutions, in an effort to motivate pupils to start saving early and "develop an appreciation for CPF." The programme was launched in February this year and the...

CPF Board & MOH refuse husband’s request to use CPF funds for cancer-stricken wife, say: We have done all we can to extend support

The Central Provident Fund (CPF) Board and Ministry of Health (MOH) have issued a joint statement with regards to a husband’s request to use his CPF savings for his wife's cancer treatment. The couple, 47 year-old Sarojini Jayapal and 47 year-old Suriia Das have depleted...