The current CPF contribution rate is 16% from employer and 20% - TopicsExpress

The current CPF contribution rate is 16% from employer and 20% from the employee making a total of 36% of the monthly income. Using an average salary of $3,000 and 2 million employees (for simplicity in calculation) contributing to the CPF, just ball park, the monthly contributions work out to be (36% x 3000 x 2m) $2.16b or $25.92b a year. Now that is an awfully big sum of money going into the CPF. What do you think?

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This is a long one. Thank You Eric (in Malta) for posting this on