CPF contribution rates to stay the same despite COVID-19 economic downturn
Channel NewsAsia - SG·2020-06-04 14:08
SINGAPORE: The Government will not be lowering Central Provident Fund (CPF) contribution rates temporarily despite the economic fallout caused by the COVID-19 pandemic, Manpower Minister Josephine Teo said in Parliament on Thursday (Jun 4).
She was responding to Member of Parliament Seah Kian Peng’s question on whether the authorities will consider reducing CPF contributions by both employees and employers for the time being, until the economy recovers from the COVID-19 crisis.
……Read full article on Channel NewsAsia - SG
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冠名真大 光明磊落 07/06/2020
of cos stay low lah, otherwise what else!talkcock don't let citizens take some $ then used our $ to fund big organisations ah, what's new!SG is damn rich lah.the payout oso our own asset and own $ lah come on lah u think SG got so rich ah
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jimmy low kah kiong 05/06/2020
Some old people every month can get only a few hundred dollars from their cpf and not even enough for food because our standard of living keep on rising. You will also see the price of food will increase when coming GST increase.
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Loneliness Guy 04/06/2020
As long as we have such kind of MP (JT) as minister, don't hope any changes for our CPF, can see can't touch.
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Useret80 04/06/2020
Cpf retirements age payout should be revised n reduced, might be seeing more older struggling for monthly needs especially those even Hv money in cpf
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citizen 09/06/2020
If they reduce CPF Contribution rates, they need to reduce Basic Retirement Sum. How likely are they to do that?
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