Major CPF policy shift on the way

[CCUV]

All these talk about not having enough for retirement was down partially not having a good enough return on cpf....all these talk wouldn't even surface if return are reasonable.

I have to disagree with your view on this and the rest of those in the camp that says CPF should give us better returns. Just to be clear I was not in govt before and don't want to launch into a political debate on this.

Sure who don't want to get more for your savings but it comes with a risk. the CPF can give you more but are you prepared that in some yrs there might be zero or negative returns? In this world of near zero interest rates where can you get a risk free returns of >2.5%? In fact I still have my CPF OA $ which I can withdraw(I am pass 55) in there as I cannot find a risk free rate better than 2.5%. do let me know if you do.

The govt by giving >2.5%(some amt as much as 4.5%?) for your cpf money is already indirectly giving money to the pop when they could easily go out and issue bonds with lesser interest. just go look at what govt bonds paying now. as Oliver says we want more!!

The cpf system has failed badly my friend,you might have a different view. A good system wouldn't ask the cpf holder to extend their retirement age and all those boastful media saying about temasek and gic excellent return had not translate into better return without government increasing gst. I rest my case