NTUC calls for review of CPF wage ceiling

[0bserver]

those earning 6k and above are more likely to be able to plan their finance better? no?

Why need to increase ceiling to "Help Them" as described by NTUC!!

HELP!!!!

They need to rich to help pay for the poor.

 

[The_Davis]

Jialat. Will raise to how much?

 

[ArcticCheetah]

Means Singapore is operating with retirement funds?
I don't believe for a moment they really care about retirement of sinkies
GG already

 

[focus1974]

woo... sucking in more of your cash into CPF LOL

 

[focus1974]

Behind NTUC is Zeus party

 

[UptheToon]

When you stop allowing people to use cpf to pay for housing everything will be settled.

This is the first thing that must be done.

 

[Shalomp]

They can't even fix their weighing scales and still wanna talk about cpf?

 

[mgx-alander]

Heng ar.. i havent hit ceiling up oso wont affect me

 

[Vader]

GST not enough.
Then grab your CPF. Lolz

 

[sPacEmAn_sPiFf]

if raise to 8k, means need to contribute $400 more

 

[leaving_footsteps]

CPF needs more money! Everyone please contribute!

 

[magna_strike]

Is it time for them to divert attention to cpf instead of their recent weighing scale fiasco?

 

[The_Davis]

if raise to 8k, means need to contribute $400 more

Employer need to give 170 per 1000. So 340 more.

Total inflow for cpf grow by $770.

HENG ONG HUAT AH!

 

[testerjp]

When people tell me that cpf is risk free I always

Every few years small tweaks, 2 decades big overhaul. Unstable like fug.

 

[MoyoCase]

https://www.straitstimes.com/singap...gn=stfb&utm_medium=social&utm_source=facebook
SINGAPORE - The National Trades Union Congress (NTUC) is calling for Central Provident Fund (CPF) contribution salary ceilings to be reviewed to ensure middle-income workers have enough retirement funds in their accounts.

This will allow CPF savings to keep pace with wage growth, and it is one way the labour movement is looking to improve retirement adequacy for workers here, said NTUC deputy secretary-general Heng Chee How on Tuesday (Feb 15).

CPF salary ceilings were last raised six years ago, when the Ordinary Wage ceiling went up from $5,000 a month to $6,000 a month

Basterds talk only. No action

 

[Ambergris]

What he's saying is many people wages had increased to above $6k, but he never consider many people's wage freezed since 2015

 

[brianlee_sg]

Middle income with tight cash flow will be most affected.

 

[wulu1_69]

This is really dangerous and shows this government has lost its mind already

The reason we need income ceiling is so that we don't overbenefit the superrich. These people with lots of money to throw, will willingly throw money into 2.5% or 4%.

If CPF is supposed to be a retirement fund, it should be a social responsibility that ensures everyone is cared for equally. The fact that a social system's retirement amount even depends on your salary is already stupid, but that is where the income ceiling helps to equalize.

So by increasing the current limit which over half of Singaporeans won't reach anyway, we all know what is the reason behind. And the ones suffering would be those who paid now but will not get the benefits later. There is a word to describe this that starts with "p".

Still have CPF annual contribution cap right, which the majority cannot hit anyway?

 

[wulu1_69]

When you stop allowing people to use cpf to pay for housing everything will be settled.

This is the first thing that must be done.

Alot people using cpf to finance loan will most probably get into trouble liao...

 

[Amamiya]

Sounds like it's coming.

https://www.straitstimes.com/singap...wage-ceiling-for-contributions-to-be-reviewed