Everything Under the sun

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Monday, September 03, 2007

CPF pension

For ordinary Singaporeans, the annuity scheme - to put it simply - is basically a “pool fund” where the old support the old when they retire. When they pass away, their contribution to the fund is used to support the ones who are living, those 85 and above.

For government ministers, their “retirement” scheme is something from way back in the past. I am talking about the Pension Scheme for the Administrative Service (AS). (This includes prime ministers, senior ministers, speakers, ministers of state, mayors, parliamentary secretaries and political secretaries.) (link)

Yes, the pension scheme is still being implemented today

All i know is they having been talking thats all,My impression to them is sneaky loh.


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