Thursday, March 07, 2019

Make CPF Life voluntary

Some 15 years ago, the government formed a committee to study the introduction of CPF Life annuity.

I met the review committee and gave my view - do not make CPF life compulsory, make it attractive.

I wanted the CPF member to have a choice whether or not to invest in CPF Life. It depends on their individual need and preference.

The review committee did not accept my suggestion. They made it compulsory.

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