Thursday, Apr 2, 2015Thursday, Apr 2, 2015

SPP responds to President's Address with call for alternative retirement schemes

Published on May 17, 2014 6:22 PM

The Singapore People's Party (SPP) has called for alternative retirement schemes, in response to the President's address.

"Raising the CPF minimum sum is not the only way - it makes retirement tougher," it said in a statement on Saturday.

"Many Singaporeans are also deeply unhappy about the compulsory annuity CPF scheme. We need alternative retirement schemes to build an inclusive society."

The country, it added, needs a complex mix of policies, such as alternative investment options to ensure a sufficient pool of funds in CPF.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!