Keep CPF contribution rates simple and the same for workers
-
Dec 14, 2010 - ST Forum
MADAM MARY WONG: 'I add my appeal among others to the Government to review the automatic cut in an employer's Central Provident Fund (CPF) contribution rates for workers aged above 50 ('No automatic pay cut at 60 for 34,400 workers'; Nov 25). The cut effectively amounts to a cut in remuneration, as CPF has long been seen as part of an employee's pay. Many employees peak in their careers from age 50, while workload and responsibilities remain the same, if not more. Although it is not mandatory for employers to cut an employee's CPF rate, as they are encouraged to make voluntary contributions, not many bosses will act on the latter. Voluntary contributions give employers an extra headache as they must make adjustments to their computerised payroll system. I appeal to the Government not to let ageism creep into CPF rates. Let remuneration be negotiable among employers, employees and unions, and keep our statutory CPF contribution rates simple and the same for workers of all ages in the spirit of fair employment practices. While there may have been good reasons to cut CPF rates previously, I do not think those reasons apply now.'
-
If employers are not willing to make adjustments to their system, you reckon CPF is willing to make changes to theirs? HAHAHAHAHA
-
Why want automatic cut when one reaches 50?
For what reason actually?
-
Because the govt say must cut means must cut lor.
-
lets first tok about the restoration to the cuts they make 10 yrds ago? whn they coming back?
-
Originally posted by troublemaker2005:
lets first tok about the restoration to the cuts they make 10 yrds ago? whn they coming back?
Cannot come back.Finished.
-
---
-
Thats why, we should retire before 50.
No point getting salary cut for the same amount of work done. -
Originally posted by Junyang700:
Thats why, we should retire before 50.
No point getting salary cut for the same amount of work done.how many ppl can do that wor.......
-
Originally posted by Ä«Õß:¸ïÀë:
how many ppl can do that wor.......
Scrimp and save.
-
silly. those can can go ahead. what we askin for is proper compensation. they gahmen can dothat why not i am the first who will consider working. earn my own expenses and can buy something for myself once my chewren grow up. stop that old cheena mindset and mentality on welfare society. see how thoes senile old people nothing to do everyday just sit around gossip idle talk? buddhist somemore. didn;t they teech on schoodl buddhist no ideal tok? and what toaist preach 'no remainder of overnight money' meaning no savings! while many who preach christianity only know how to psycho bushit people and con money. gahmane then only know how to cut but restore give loads more bushit!
-
Originally posted by Junyang700:
Scrimp and save.
inflation.
-
Originally posted by Clivebenss:
inflation.
Buy Stocks. Only way out.
A lot of people speculating on properties now, but seriously, not the time to go in now. -
welcome to singapore
-
Talking about retirement, I think majority of the sporean will have no chance to retire as there are simply too many long term loans to pay off.