Louis Chua on Central Provident Fund (Amendment) Bill
The Central Provident Fund (Amendment) Bill marks the closure of an important chapter in the history of Singapore's social security system, said MP Louis Chua. The closure of the Singtel Special Discounted Shares scheme also presents a timely opportunity to reflect on the broader question of truly enabling Singaporeans to have a tangible stake in the nation’s wealth, he added. Speaking in parliament on Thursday (May 7), Mr Chua raised concerns that the closure of the scheme signals an end to the share-owning society vision. He wanted to know what has happened to the government’s plans to enhance the assets of Singaporeans.
The Central Provident Fund (Amendment) Bill marks the closure of an important chapter in the history of Singapore's social security system, said MP Louis Chua. The closure of the Singtel Special Discounted Shares scheme also presents a timely opportunity to reflect on the broader question of truly enabling Singaporeans to have a tangible stake in the nation’s wealth, he added. Speaking in parliament on Thursday (May 7), Mr Chua raised concerns that the closure of the scheme signals an end to the share-owning society vision. He wanted to know what has happened to the government’s plans to enhance the assets of Singaporeans.
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