Committee of Supply 2022 debate, Day 3: Patrick Tay on CPF wage ceiling
The Ministry of Manpower should review the Central Provident Fund (CPF) contribution wage ceiling to ensure that it keeps pace with income growth, said MP Patrick Tay. Speaking in Parliament on Friday (Mar 4), he said this will allow CPF savings to be tagged to real wage growth and improve retirement adequacy for Singaporean workers, especially the professionals, managers and executives.
The Ministry of Manpower should review the Central Provident Fund (CPF) contribution wage ceiling to ensure that it keeps pace with income growth, said MP Patrick Tay. Speaking in Parliament on Friday (Mar 4), he said this will allow CPF savings to be tagged to real wage growth and improve retirement adequacy for Singaporean workers, especially the professionals, managers and executives.
Popular Shows
