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From The Media: 1 Aug 2014
Published: 01 Aug 2014 1300 hrs
In today’s headlines: Plans to increase nursing home beds and nursing homes, and Johor implements higher vehicle tolls. The media also covered the Fair Consideration Framework which kicks in today, and a celebration of Pioneer educators last evening. Read more at From the Media.
CPF system financially sustainable: DPM Tharman
Published: 08 Jul 2014 2200 hrs
The CPF system provides a strong foundation for the future that avoids imposing risk on its members and tax-payers, explained DPM Tharman at Parliament today. Against other international pension systems, the CPF system balances investment risk and provides fair returns to members guaranteed by the Government. CPF members also receive various subsidies through the Budget. DPM Tharman also explained that the current investment arrangements for CPF monies. Find out more on MOF’s website.
CPF remains a key pillar to help Singaporeans cater for their needs in old age: Minister Tan Chuan-Jin
Published: 08 Jul 2014 2104 hrs
Minister for Manpower Tan Chuan-Jin spoke in Parliament today on the basic features of the CPF system, reasons for the Minimum Sum scheme, and discussed areas that can be improved. Minister clarified that it was not necessary for CPF members to top up their CPF funds should they be unable to meet the Minimum Sum target at age 55. CPF remains a key pillar to help Singaporeans cater for their needs in their old age. Read Minister Tan’s full speech on the MOM's website.
Government to provide $4 billion in subsidies and support for MediShield Life premiums
Published: 27 Jun 2014 1635 hrs
The Government has accepted all recommendations from the MediShield Life Review Committee on the design of the MediShield Life scheme. Close to $4 billion in subsidies and other forms of financial support will be provided over the next five years to ensure that all Singaporeans will benefit from the new insurance scheme. There will also be Premium Subsidies for the Pioneer Generation and lower- to middle-income Singaporeans, and transitional subsidies for four years for all Singapore Citizens.
Government to provide $4 billion in subsidies and support for MediShield Life premiums
Civil servants to receive 0.5-month mid-year Annual Variable Component (AVC)
Published: 13 Jun 2014 1630 hrs
All civil servants will receive a mid-year Annual Variable Component (AVC) of 0.5-month as the Singapore economy grew by 4.9% on a year-on-year basis in 1Q2014. Based on National Wages Council's (NWC) recommendation to help raise the salaries of lower-wage civil servants, 3,500 Division IV civil servants will receive a built-in wage increase of $70 in their monthly salaries. Another 5,500 Division III civil servants will receive a built-in wage increase of $30 per month.
Civil servants to receive 0.5-month mid-year Annual Variable Component (AVC)
   
New gov.sg section- From The Media CPF system financially sustainable: DPM Tharman CPF remains a key pillar to help Singaporeans cater for their needs in old age: Minister Tan Chuan-Jin Government to provide $4 billion in subsidies and support for MediShield Life premiums Civil servants to receive 0.5-month mid-year Annual Variable Component (AVC)
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