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Our CPF is lousy compared to 社 保 - Printable Version +- SG Talk (https://sgtalk.net) +-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk) +--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk) +--- Thread: Our CPF is lousy compared to 社 保 (/Thread-Our-CPF-is-lousy-compared-to-%E7%A4%BE-%E4%BF%9D) |
Our CPF is lousy compared to 社 保 - Ola - 12-03-2022 China only started developing 20 years ago but is already ahead of us in setting salary scale and also pension scheme. RE: Our CPF is lousy compared to 五宝 - RiseofAsia - 12-03-2022 It is a known secret. Cannot retire happily… RE: Our CPF is lousy compared to 五宝 - lylcnn - 12-03-2022 Income tax rate 30% RE: Our CPF is lousy compared to 五宝 - Ola - 13-03-2022 (12-03-2022, 09:53 AM)lylcnn Wrote: Income tax rate 30% But their retirement age is at 55 years old. That is why JoTeo is truly useless and just cannot even make us proud citizens Walks like a duck, talks like a duck and it must be a duck. Sack her, lah. RE: Our CPF is lousy compared to 五宝 - sgbuffett - 13-03-2022 I do not like the pap but it is a stretch to say China system is better than ours. The per capita GDP is same as malaysia but most people are poor due to much higher income gap. People have the option to retire in lower tier city at 55 by down grading ...its the same as a Singaporean retiring in JB. There are many things jn ajngapore that can be improved esp the CPF that fails to ensure adequacy for too many people RE: Our CPF is lousy compared to 五宝 - Blasterlord2 - 13-03-2022 Never heard of 五宝。U talking about 五险一金 is it? RE: Our CPF is lousy compared to 五宝 - Ola - 13-03-2022 (13-03-2022, 06:30 PM)sgbuffett Wrote: I do not like the pap but it is a stretch to say China system is better than ours. Singapore is 250 times smaller than China But PAP cannot handle our jobs nor pension PAP is just over- rated and cannot cover the 5 critical AREAS like China PAP can only BS and be Ministers of India RE: Our CPF is lousy compared to 五宝 - Blasterlord2 - 13-03-2022 (13-03-2022, 06:24 PM)Ola Wrote: But their retirement age is at 55 years old. For women even better. Retirement age is 50. RE: Our CPF is lousy compared to 五宝 - Ola - 13-03-2022 (13-03-2022, 07:32 PM)Blasterlord2 Wrote: For women even better. Retirement age is 50. That idiotic Shoot Blank Queen increased the legal retirement age instead of decreasing it If people want to work at 70 years old, no need for such a dumb wayang using law The Re- Employment Act is sufficient She is proving herself 10 times as totally hopeless and making our lives more miserable Worst, what has she done to pave Top 10 Good Jobs for retirees? Only know how to add problems to our problems. ![]() RE: Our CPF is lousy compared to 社 保 - revealer - 13-03-2022 Cannot compare without any figures. Their system is working on an insurance basis which means they would have to pay a premium to get the benefit when they retired or when they are sick. Nothing belongs to them. Think all "makan" by the Government if you don't and cannot claim the insurance. All the insurance premium are being paid for by the employers. They will insure you almost everything from medical to unemployment etc If one were to look at the premium the companies are paying, one will find that this system is not sustainable. It will cost the employers a bomb; luckily, their salary is low. Many employers cheated because they can't afford to pay the premium. Also, one will have to apply case by case to get the payout from the insurance. Understand that not all cases will automatically get an insurance payout, just like any other insurance scheme. This article give an example of the contribution for the insurance. The maximium premium to be paid can be 3 times the worker's salary. It sounds like a blood-sucking system to me. Quote:[Social security contribution base = Previous year’s total income / 12* RE: Our CPF is lousy compared to 五宝 - Oyk - 13-03-2022 (13-03-2022, 06:43 PM)Ola Wrote: Singapore is 250 times smaller than China Malaysia is already over 450 times the size of Singapore. China is only 250 times the size of Singapore ah? Wu yia bo? RE: Our CPF is lousy compared to 社 保 - Wy:Nox - 13-03-2022 (13-03-2022, 08:56 PM)revealer Wrote: Cannot compare without any figures. Their system is working on an insurance basis which means they would have to pay a premium to get the benefit when they retired or when they are sick. Nothing belongs to them. Think all "makan" by the Government if you don't and cannot claim the insurance. All the insurance premium are being paid for by the employers. Ours is similar to insurance premiums, too. We pay to get the benefit. The more we pay, the more we get. Our Eldershield is also case- by- case. Many cases seemed to be rejected after assessment of old people. RE: Our CPF is lousy compared to 社 保 - revealer - 13-03-2022 https://twitter.com/Fet6D9/status/886437530245013505 RE: Our CPF is lousy compared to 社 保 - revealer - 13-03-2022 https://twitter.com/hhhjh5/status/515170972505083904 RE: Our CPF is lousy compared to 社 保 - Ola - 16-03-2022 (13-03-2022, 08:56 PM)revealer Wrote: If one were to look at the premium the companies are paying, one will find that this system is not sustainable. It will cost the employers a bomb; luckily, their salary is low. Many employers cheated because they can't afford to pay the premium. Also, one will have to apply case by case to get the payout from the insurance. Understand that not all cases will automatically get an insurance payout, just like any other insurance scheme. I just checked, The employees also pay their portion of social security but less than half the rates of companies. It cost the Employer a bomb but beneficial to employees. Their 5 areas of coverage is more complete than Singapore CPF. RE: Our CPF is lousy compared to 五宝 - guffaw - 16-03-2022 (13-03-2022, 06:30 PM)sgbuffett Wrote: I do not like the pap but it is a stretch to say China system is better than ours. But webinariansai and a bunch of commie con fools say china gdp is higher than USA and Singapore, they are richer than us ![]() ![]() |