The 4-per-cent guaranteed floor rate for their Special, Medisave and Retirement Accounts (SMRA) in their Central Provident Fund (CPF) will be reset at 2.5 per cent.

That means, the interest CPF members earn – while technically pegged since last year to returns from long-term government bonds plus 1 per cent – could, for the first time in years, fall below 4 per cent in reality.

Source: Today

Temasek plays shares in the market and took multi billion dollar hits.

Now the Singapore government tries to conserve its cash and turns around and starts cutting back CPF interest payment to its shareholders, ie the citizens.

Of course we all know that they are also trying all sorts of ways to delay us from withdrawing our CPF money.

We do not have confidence in this type of administration to manage our money. Please get out.

Comments

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Tell Singapore government: Ask them a question or give a suggestion

We informed people about the “Tell Singapore Government” subsite and have received some interesting reaction at some forums.
See: 3in1 Kopitiam, Sam’s Alfresco Coffee, Singapore Kopitiam, SgForums
Our responses to some of the comments are listed below. If we are not answering some other specific questions, that is because we do not know how.
 
1. If you want [...]

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