Lack Of Significant Changes
After the very high-profile Roy Ngerng incident and the relentless consultations (yeah, even some of the financial bloggers were invited to attend some retirement forums) and feedback on CPF policies, many were expecting some serious changes to boost the retirement adequacy of Singaporeans.
So it was surprising to some that this year’s National Day Rally did not really introduce any significant changes, maybe except for extending the Lease Buyback Scheme to 4-room elderly owners (which I will talk more about in a later post).
But not me. I expected it.
This is because we are going to have an election in around a year’s time. Seriously, if PAP doesn’t take advantage of the euphoria of the SG50 celebrations and reiterate how far they have improved the lives of Singaporeans over the past 5 decades, I am reallygoing to eat my shoe.
And this means that the most substantial and visible goodies would ......