Posted on November 21, 2007 - by Drizzt

Of Annuities and Policies

By: Drizzt

I was reading about annuities implementation and was forwarded to REACH the Singapore Government website to voice their view.

Personally i wonder what the fish is that site for and whether any of the comments would be heard. So much post in there that people took time to write will be useless cause its just an “initiative” to create a facade of openness.

Any way, the discussion is about annuities and this guy call Black Knight brought up a rather interesting pt:

“I’d made my calculation to make my case on why we should put the S$700mil “promised” to be spent on the additional 1% rate on the CPF $60K. In my calculation, I made the following assumptions: …”

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3. CAGR II