Wednesday, September 19, 2007

NMP Mr Siew Kum Hong on CPF





NMP SKH: "This week, it is a compulsory annuity. But if we take that first step, will it prove to be a slippery slope of encroachment onto CPF members’ rights? What will it be next week, next year, next decade? An increase in the annuity amount? Some other compulsory scheme?

We really do need to have a thorough debate on what it means to be a CPF member. Do CPF funds belong to CPF members individually, and what rights do they have in determining how it is spent?"


Transcript.

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