Without_a_car Clutched March 11, 2012 Share March 11, 2012 Title : Percentage of CPF members meeting Minimum Sum on the rise: Tharman By : Date : 05 March 2012 1703 hrs (SST) URL : Percentage of CPF members meeting Minimum Sum on the rise Tharman - Channel NewsAsia SINGAPORE: The percentage of active CPF members who meet their Minimum Sum at age 55 has been improving over the years, from 36 per cent in 2007 to 45 per cent in 2011. Speaking in Parliament, Deputy Prime Minister and Manpower Minister, Tharman Shanmugaratnam said this will improve with each successive cohort, as educational profiles improve and lifetime incomes rise. Fewer S'pore citizenship, permanent residency granted report - Channel NewsAsia Another issue for the government involves the CPF minimum sum requirement, where S$123,000 must be set aside for retirement. In 2009, only 49 per cent of workers were able to meet the requirement upon reaching 55 years old. This raises concerns over the ability of the elderly to depend on themselves in retirement, and the potential need for more support from the government. Prof Yeung said: "Older people rely a lot on their children to support them. And now a large proportion of people don't even get married or have children. So that means they are going to need to accumulate enough on their own, or the government will have to increase their support to the elderly population." The report looked at six broad areas, including sustainable economic growth and building a cohesive society. There are plans to publish the report every two years. - CNA/al Mainstream media is spinning again. 2009 49% were able to meet minimum sum 2011 45% were able to meet minimum sum The number of people who CANNOT meet minimum sum INCREASED. ↡ Advertisement Link to post Share on other sites More sharing options...
Vid Hypersonic March 11, 2012 Share March 11, 2012 Bravo bravo.... *clap* *clap* we have a good minister who knows what numbers to use Link to post Share on other sites More sharing options...
JJ_JJ Clutched March 11, 2012 Share March 11, 2012 Title : Percentage of CPF members meeting Minimum Sum on the rise: Tharman By : Date : 05 March 2012 1703 hrs (SST) URL : Percentage of CPF members meeting Minimum Sum on the rise Tharman - Channel NewsAsia SINGAPORE: The percentage of active CPF members who meet their Minimum Sum at age 55 has been improving over the years, from 36 per cent in 2007 to 45 per cent in 2011. Speaking in Parliament, Deputy Prime Minister and Manpower Minister, Tharman Shanmugaratnam said this will improve with each successive cohort, as educational profiles improve and lifetime incomes rise. Mainstream media is spinning again. 2009 49% were able to meet minimum sum 2011 45% were able to meet minimum sum The number of people who CANNOT meet minimum sum INCREASED. This is logical. The number shall increase much much higher with the fact that people now have a much much bigger loan amount to pay off for their property. Link to post Share on other sites More sharing options...
Without_a_car Clutched March 11, 2012 Author Share March 11, 2012 (edited) This is logical. The number shall increase much much higher with the fact that people now have a much much bigger loan amount to pay off for their property. The point is not about how members used their funds. The point is about the reported was crafted, to give the impression that more people are meeting the minimum sum. Edited March 11, 2012 by Without_a_car Link to post Share on other sites More sharing options...
Windwaver Turbocharged March 11, 2012 Share March 11, 2012 Any details on how they arrive at that figure? Link to post Share on other sites More sharing options...
Without_a_car Clutched March 11, 2012 Author Share March 11, 2012 Any details on how they arrive at that figure? CPF numbers are cryptic secrets in a black box... Link to post Share on other sites More sharing options...
Blackyv Turbocharged March 11, 2012 Share March 11, 2012 CPF numbers are cryptic secrets in a black box... And those who handle the book actually work in an office 18th floor underground this island and nobody know where is the entrance except the inner circle member... Link to post Share on other sites More sharing options...
Without_a_car Clutched March 11, 2012 Author Share March 11, 2012 And those who handle the book actually work in an office 18th floor underground this island and nobody know where is the entrance except the inner circle member... only 1 person has the key? Link to post Share on other sites More sharing options...
Porche 5th Gear March 11, 2012 Share March 11, 2012 will never meet the minimum sum, they suka suka just increase from time to time. maybe 300K next time Link to post Share on other sites More sharing options...
Kb27 Supersonic March 11, 2012 Share March 11, 2012 (edited) CPF Ponzi scheme, the minimum sum will increase much faster than you'll ever get a salary increase every year...except if you're drawing a ministar salary. Edited March 11, 2012 by Kb27 Link to post Share on other sites More sharing options...
Jman888 Moderator March 11, 2012 Share March 11, 2012 it is true that many made money from their flat hence accumulated more to meet the requirements. Link to post Share on other sites More sharing options...
Ahwhye 5th Gear March 11, 2012 Share March 11, 2012 The point is not about how members used their funds. The point is about the reported was crafted, to give the impression that more people are meeting the minimum sum. last time doing the lab test report, there were always 2 ways to draw the graph 1) collect the data, fix the points, draws the best-fit line 2) draw the line, fit the points, and create the data .... whichever best fit your agenda ..... Link to post Share on other sites More sharing options...
Kiadaw 6th Gear March 11, 2012 Share March 11, 2012 last time doing the lab test report, there were always 2 ways to draw the graph 1) collect the data, fix the points, draws the best-fit line 2) draw the line, fit the points, and create the data .... whichever best fit your agenda ..... You forget to add, if one point doesn't fit the curve, change the data to make it fit. , or just don't plot that point. Link to post Share on other sites More sharing options...
Happily1986 5th Gear March 11, 2012 Share March 11, 2012 last time doing the lab test report, there were always 2 ways to draw the graph 1) collect the data, fix the points, draws the best-fit line 2) draw the line, fit the points, and create the data .... whichever best fit your agenda ..... i don't think people are stupid enough to do via point 2. Link to post Share on other sites More sharing options...
Wt_know Supersonic March 11, 2012 Share March 11, 2012 (edited) it's a very easy maths ... i think primary 6 can count 5 years ago, 4 room hdb how much today, 4 room hdb how much after you finish pay up hdb loan, how to meet minimum sum? even your salary 10 years increase 30% ... 10 years commodity could have increased by 300% liao Edited March 11, 2012 by Wt_know Link to post Share on other sites More sharing options...
Tigershark1976 Turbocharged March 11, 2012 Share March 11, 2012 another classic example politician trying to play around with simple statistic game.... Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged March 11, 2012 Share March 11, 2012 So guys when are you guys going to believe the government's info and statistics Link to post Share on other sites More sharing options...
Wt_know Supersonic March 11, 2012 Share March 11, 2012 (edited) show 10 years data year-on-year ... fair and square So guys when are you guys going to believe the government's info and statistics Edited March 11, 2012 by Wt_know ↡ Advertisement Link to post Share on other sites More sharing options...
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