Tan See Leng: CPF Special Account closure not for “saving interest monies”.

[Nemesis Alien]

Leong Mun Wai, NCMP from Progress Singapore Party, asks the Finance Minister, how much more the government is currently paying to the special accounts because of the difference in interest rates between the Special Account and the Ordinary Account.
He also asked if the government consider grandfathering the special accounts for Singaporeans who are above 55 years old now going forward, in light of the SA being discontinued for those above 55 in 2025.
Manpower Minister Tan See Leng chimed in, stating the decision to close Central Provident Fund (CPF) SAs for individuals aged 55 and over is not aimed at reducing interest payouts or “locking up money”.

 

[compro_1975]

then give us 4% interest no matter where the money is la.....

 

[ahnyaahnya]

Eh? Did not someone say that it was cos it's not right to give such high interest for long term deposit?

 

[coolcatkool]

Leaders do a U turn on what the promised and bulldoze their policy changes through.

 

[whatheheck]

sounds right hor ...

 

[dambio]

Leaders do a U turn on what the promised and bulldoze their policy changes through.

They got mandate from d dafts. They happy can liao

 

[s-ghost]

LMW asking his questions from edmw sources again ah