We have been told that our CPF is part, or a major part, of our national reserves. It must therefore be an asset. As such, it is good to keep growing the reserves with more and more CPF money in it. But since it has to be returned, its also a liability. If our CPF is a liability, then there would be no incentive to keep it in the reserves but to reduce it when there is a surplus, to reduce the liability. Isnt this a bit contradictory?
Posted on: Thu, 31 Jul 2014 01:29:28 +0000
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