So, we have restructuring of the CPF debt, we have delayed - TopicsExpress

So, we have restructuring of the CPF debt, we have delayed repayment of the CPF debt, we have government policy that inflates the CPF debt away and we have government policy that guarantees an endless but hardly justified supply of new contributors to the CPF scheme. It looks bad. Maybe now is a good time to remember that the largest increase in the minimum sum in recent years was 10.4% in 2009, coming hot on the heels of GIC and Temasek losing over $50 billion dollars in the global financial crisis. Coincidence? Or further evidence that a need to cover loses is driving the government’s policy to restrict withdrawals?

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