Skip to main content

CPF contribution to be raised by 1% point this year

The employer's contribution to the CPF, a national pension fund, will go up by one per cent to 15.5 percent. This will bring the overall contribution rate to 35.5 per cent. The restoration will be done in two steps. 0.5 per cent from September, paid into the Medisave Account and another 0.5 per cent from March next year, paid into the Special Account. There is no top ups to the Ordinary Account as it's deemed enough to meet housing needs.

Changes to CPF Contribution Rates [via]
Labels:

Popular Posts

How to stop FortiClient from starting automatically?

Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed me. Attempt to stop 'FortiClient Service Scheduler' only return 'Parameter is incorrect' error message.

An article on Technet help solve my trouble. To stop FortiClient from starting automatically, try the following:
Shut down FortiClient from the system tray.
Run net stop fortishield on command prompt.
Run msconfig.
On msconfig, switch to the Services tab. Clear the FortiClient Service Scheduler check box and click Apply.Run services.msc on command prompt to open up show all available services.Look for FortiClient Service Scheduler. Switch Startup type to Manual.Restart your computer. FortiClient should not be running automatically the next time round. Hope it helps.
Read more

Ho Ching named 5th most powerful and is mistaken as first lady by Forbes

Forbes named Singapore Prime Minister wife and CEO of Temasek Holdings, Ho Ching, as the 5th most powerful woman in the world. Ho Ching is mistaken as Singapore's first lady! OMG!

I wonder how can Forbes makes such a blunder. For a complete list, refer to here.
Read more

Speech by Mr Inderjit Singh on Population White Paper

People's Action Party MP, Mr Inderjit Singh, debated on the Population White Paper and put up his point across that he is against his own party's 6.9m projected population. I applaud his courage to stand up against the party whip and for his fellow Singaporeans.

His key points are;

Slow down immigration and focus on resolving all issue related to the past population boom.We can live with a slightly slower growth (not zero or slow growth) and hence moderate dependence on foreigners.Use the Dubai model to complement our local workforce with foreign workforce, but don’t grant them PRs – ie a transient workforce.Abandon the 6.9m figure by 2030, this will be another rapid growth which we cannot handle.Solve Singaporeans problems first and also don’t give PRs same privileges as citizens.
As published on Mr Inderjit Singh's Facebook status, the full speech made in the parliament is as below:

Speech by Mr Inderjit Singh, MP for Ang Mo Kio GRC
On the White Paper on Population

Madam S…
Read more