Working less now to work longer later

Sunday Times Singapore, Novemeber 15, 2009 Sunday With people expected to live longer, researchers propose cutting work week during prime years Shefali Rekhi Working five days a week and retiring in your 60s is the norm in many societies. But leading researchers of life expectancy at the Ageing Research Centre of the University of Southern Denmark are calling [...]

CPF Life scheme should factor in inflation

Straits Times Singapore, October 31 , 2009  Saturday           IT IS disappointing that CPF Life’s payout rates will not factor in inflation. According to the Department of Statistics, one in two people aged 62 in 2006 will live beyond 85, and one in seven will live beyond 95 – 20 and 30 years, respectively, [...]

New scheme: What you need to know (CPFLife)

Sunday Times Singapore, October 18, 2009 Sunday   CURRENT SITUATION: When you reach 55, a CPF Retirement Account is created for you with savings from your Ordinary and Special accounts. The Retirement Account earns 4 per cent interest until the end of next year. After that, it will earn a weighted average interest on a portfolio of [...]

Close to 12,000 opt for CPF Life

Sunday Times Singapore, October 18, 2009 Sunday   Annuity scheme draws wide interest; Life Plus plan with higher payout most popular By Jamie Ee Wen Wei Madam Yeo chose the Life Basic plan so she would not have to depend entirely on her son for her expenses after she retires. As she is not a big spender, [...]