Singaporean's Retirement woes is solved by new CPF Schemes.........

Blog : happycitizen.blogspot.com

See how quickly the PAP realised it can make improvements. After
introducing the CPF investment scheme in 1992, the PAP has discovered
that unit trust has been charging investors to high a managment fee
crippling their returns. It only took the very brilliant elite leaders
13 years to uncover this. Any other govt would have been stumped and
would not be able to solve the problem. Not the highly paid brilliant
scholars forming the PAP government:

http://www.todayonline.com/articles/75026.asp

The solution of course is to reduce cost of fund management and the PAP
has promptly look into this after 13 years of implementing CPF
investment scheme. Singaporeans are so lucky to have such a caring
intelligent govt looking out for them protecting them from banks that
want to profiteer from unit trusts.
The other brilliant solution from the PAP for retirement is annuities.
First you give monthly contributions to an insurance company most
likely NTUC over the course of your working life until you reach your
retirement age which will most likely be revised to 70 years old. When
you reach this age, you would have contributed 45 years to the
annuities. Then every month NTUC will give you back a fix amount until
you die.

http://www.todayonline.com/articles/74637.asp

When you die, you don't have to worry about your children fighting over
your CPF remainder because an annuity ends when you die. What a
beautiful idea, you come to this earth with no money and leave no money
when you die. I'm beginning to appreciate the beauty of the PAP's
thinking absolutely brilliant!

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