The Straits Times; Published on Mar 8, 2012
Protect CPF savings from inflation
TO ENSURE the adequacy of retirement funds, Central Provident Fund (CPF) members should consider their 'real' returns on CPF savings, after subtracting inflation, which reduces future purchasing power ('CPF Life: Wouldn't the monthly payout be eroded by inflation?' by Mr Christopher Teng; yesterday).
The Minimum Sum is adjusted for inflation, yet the Ordinary Account (OA) and Special Account (SA) 'nominal' interest rates are not; and neither, it seems, are the CPF Life payouts, which thus create significant exposure to inflation.
Showing posts with label Social (Aging/ pensions). Show all posts
Showing posts with label Social (Aging/ pensions). Show all posts
Thursday, March 8, 2012
CPF Life scheme to be simplified from 4 to 2 options
THARMAN SHANMUGARATNAM, CPF
CPF Life scheme to be simplified from 4 to 2 options
By Tessa Wong
The CPF Life annuity scheme, which provides retirees with a lifelong monthly payout, will be simplified to make it easier for Central Provident Fund (CPF) members to choose what scheme they want.
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