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Articles from victorlee
16/11/2009
Realization of Profits Made Using CPF Fund
By victorlee @ 11:10 PM :: 1513 Views :: 0 Comments :: General
With the onslaught of the financial crisis, many had suffered in terms of job loss and in this current situation, it has been a daunting task to get employed especially for older singaporeans. It is proposed that the government reconsider allowing the realization of profits made using CPF fund. This will at least give some hope to those who are financially burdened but CPF rich.
 
16/11/2009
How To Make Older People (>45 yrs old) More Employable?
By victorlee @ 10:21 PM :: 1536 Views :: 0 Comments :: General
In Singapore, it has become a reality that it is difficult for someone who is over,say, 45 yrs old and be re-employed once they lose their current jobs. With the influx of foreigners, companies will naturally find young foreign workers more attractive to employing older Singaporeans. As our population is ageing, we need to find a solution to ensure older Singaporeans stay employable. One way that I have thought of is to scrap away compulsory CPF contribution. The benefits are: 1. Older Singaporean will become more attractive to companies in terms of lower hiring cost; and 2. Once becoming more employable, older singaporeans will have at least a basic income instead of totally having no income and CPF contribution.
 
      

      
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