There has been robust debate of late among citizens over the effectiveness of Singapores national pension scheme, with some Singaporeans asking how CPF monies are invested; if interest rates could be pegged higher; and whether there is a need for the Government to hold on to what some say is their hard-earned money. In Parliament on Tuesday (July 8) Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam put things in perspective, saying that there is a looming pension crisis in most of the advanced countries, and the challenges remain largely unsolved. News 5 gives a detailed look into the issues raised in Parliament on CPF with an 18 minute segment and outlined DPM Tharmans main points, wrapping up concerns raised by several MPs. Channelnewsasia Article / MediaCorp Video: channelnewsasia/news/singapore/dpm-tharman-defends-cpf/1245560.html
Posted on: Thu, 10 Jul 2014 11:00:00 +0000