Leong Mun Wai issued POFMA for social media posts riddled with falsehoods
The Secretary-General of PSP Leong Mun Wai was issued with a POFMA for publishing falsehoods on Facebook and Instagram that a couple residing in West Coast did not receive financial assistance other than a caregiving grant. Mr Leong identified the couple with a photograph. He has since taken down the posts and put up another […]
CPF Board responds to online post alleging that interest paid to retirement account is ‘not yours’
A post which contains inaccuracies concerning CPF Life has been circulating online. Here’s a screencap of the post. There are several inaccuracies in the post by Andrew Lee. The CPF Board has since responded to these inaccuracies. First, for a male member aged 69 with a Retirement Account (RA) of $150,000, the monthly payout for […]
Without active strikes in Singapore, are unions still relevant today?
Traditionally, unions are known to organise strikes to fight for better pay, better welfare, and better work prospects for workers. But with the number of strikes in Singapore today being close to zero, why do we still need unions? At the Institute of Policy Studies’ (IPS) flagship Singapore Perspectives 2023 conference on 9 January, labour chief […]
What retirement? I’m ready for life! See you at “Ready for Life” Digital Festival!
You know what? Retirement is the beginning of new life. Yup! It’s the start of a golden chapter of life’s journey. You have to retire to do nothing. The things that you have always wanted to do but could not find time to do because there are datelines to meet and projects to handle. Now […]
Ageism in the workplace: Does it exist?
Recently, I watched a movie, The Intern, on Netflix. Prior to watching the film, I did not know that the intern in this movie was a 70-year-old-man. I clicked on the movie simply because I saw that Anne Hathaway was in the cast. She’s great, isn’t she? I was slightly surprised. But still interested at […]
70,000 take advantage of the Matched Retirement Savings scheme; $40 million in top-ups.
70,000 CPF members will receive about $40 million in matching grants from the Government in January 2022 for the cash top-ups made to their Retirement Account (RA) between 1 January and 30 June this year, the CPF Board said in a press release on 18 August. Singaporeans can use the Matched Retirement Savings Scheme to […]
Almost $17 billion in interest credited to members’ CPF accounts in 2020
Last year, a total of $16.9 billion in interest earned was credited to members’ CPF accounts. The upward trend to voluntarily top-up CPF accounts continues Since people discovered that CPF is a great way to build up their retirement funds through its attractive interest rates, there has been nan upward trend to top-up CPF accounts. […]
Grow your CPF with Matched Retirement Savings Scheme; 440,000 members qualify
Matched Retirement Savings Scheme (MRSS) Good news! The Government has introduced the Matched Retirement Savings Scheme (MRSS) to help senior Singaporeans who have yet to meet the Basic Retirement Sum (BRS) save more for retirement. Here’s how it works. For five years, from 2021 to 2025, the Government will match dollar-for-dollar cash top-ups made to […]