![](https://i.imgur.com/CLvY2jA.png")
09-10-2022, 07:20 AM
Same issue with this type of system everywhere.
In Singapore thise richer are using CPF as a high interest rate fixed deposit topping up at max rate.
You need to have money to exploit it. It is good for those who have money.
But a pension scheme has another goal of ensuring those who are too poor and can never retire without help can also do so with the existence of such a scheme.
Today Singapore has highest income gap among developed countries. We see many working elderly and many are working even though they are in poor health.
https://www.thesundaily.my/local/higher-...-EB9939262
In Singapore thise richer are using CPF as a high interest rate fixed deposit topping up at max rate.
You need to have money to exploit it. It is good for those who have money.
But a pension scheme has another goal of ensuring those who are too poor and can never retire without help can also do so with the existence of such a scheme.
Today Singapore has highest income gap among developed countries. We see many working elderly and many are working even though they are in poor health.
https://www.thesundaily.my/local/higher-...-EB9939262
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
