Asia Sentinel

Asia Sentinel

Singapore’s Vaunted CPF under Fire

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Asia Sentinel
Sep 08, 2014
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Singapore’s famed Central Provident Fund (CPF), emblematic of state planning at its responsible and creative best under the People’s Action Party (PAP), has become a political headache for Prime Minister Lee Hsien Loong.

The retirement scheme, which currently takes a hefty 20 percent of employees’ income and 16 percent of employer contributions off the t…

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