Thursday, June 21, 2018

WOTC - Employee CPF contribution

I asked this question in the Wisdom of the Crowd - Should employee CPF contribution be voluntary?

Here are the results:

43% - Yes. This allows the employee to use the money to pay rent, buy a short lease property or pay medical expenses.
23% - No. The employee will spend the money away.
20% - Yes. The employee cannot afford to have compulsory savings.
14% - Yes. The contribution to Medisave can be stopped.

Yes - 77%. No - 23%

See the breakdown of the votes and pie chart in

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