The Association of Small and Medium Enterprises (ASME) however - TopicsExpress



          

The Association of Small and Medium Enterprises (ASME) however started expressing concerns over rising operating costs. To this, the retirement expert of Channel News Asia, Assoc Prof Tan said that the increased CPF contribution will not be much burden so long wages are reduced. Their responsibilities are being reduced and correspondingly their salaries are being reduced too. So this increase in CPF contribution for older workers will not contribute to that much burden, said Assoc Prof Tan. Going by Assoc Prof Tans logic, elderly workers should take home less cash and contribute more to CPF. It is unknown why NTUC and Assoc Prof Tan could not simply ask for higher wages for elderly workers if they require higher CPF contribution for retirement.
Posted on: Fri, 23 Jan 2015 09:33:27 +0000

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