Our CPF monies are safe and earning good returns : DPM Tharman

Lee Hsien Loong    Lee Hsien Loong   <- facebook link

DPM Tharman Shanmugaratnam and Minister Tan Chuan-Jin made good speeches on the CPF in Parliament today.

DPM Tharman gave a full account of our CPF returns and investments. It was a comprehensive statement, but the main points are that our CPF monies are safe and earning good returns. Do click on the link below to watch DPM Tharman’s replies, or read his speech at :

Link – > DPM Tharman Shanmugaratnam’s Reply to Parliamentary Questions on CPF Interest Rates and Investment of CPF Funds

Chuan-Jin explained how the CPF Minimum Sum gives Singaporeans a steady stream of income in retirement. He dispelled some common misunderstandings about the Minimum Sum. e.g. did you know that if you own a house, you don’t need to set aside $155,000 – the full Minimum Sum – in cash, but only half – $77,500, and that you could cover the rest with a property pledge? You can watch Chuan-Jin by clicking on the playlist below, or read his speech at  http://bit.ly/1owFDF5.

Our CPF system is sound, and has helped Singaporeans save for their old age. Many countries want to learn from us. But we are not resting on our laurels. We are improving our system to give all Singaporeans peace of mind in their silver years. LHL

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Published on Jul 8, 2014

Fundamental Strengths of the CPF System – DPM Tharman Shanmugaratnam

Benefits and subsidies on top of CPF returns – DPM Tharman Shanmugaratnam

Meeting SSGS Obligations – DPM Tharman Shanmugaratnam
Deputy Prime Minister and Minister for Finance Tharman Shamugaratnam explains how the Government is able to meet its Special Singapore Government Securities (SSGS) obligations through a substantial buffer of net assets and CPF members bear no investment risk at all in their CPF balances.

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Overheard :

  • While people were complaining and demanding for their CPF to be returned to them at 55, here’s one comment I read on CNA in the midst of all the other complaints.

 

  • Cpf is an important part of every Singaporeans’ retirement plan. If Singaporeans do away the cpf, the poor will ultimately suffer most. A responsible govt must never allow this to happen.
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