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GIC and Temasek

teeth53
Supreme

19-Jul-2010 09:52

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According to the Ministry of Manpower, for workers aged 55 and above, 18,600 earn gross monthly income of under $500, 64,000 earn less than $1,000, and 46,400 earn below $1,500. This means that 42 per cent of elderly workers earn less than $1,000.
teeth53 thot - Just wondering FM Tharman target, to rise more $$$ to S$3,100/- for workers ?.

Hulumas ( Date: 19-Jul-2010 08:55) Posted:

Be humble, always think of other's ability, do not praise of yourself!

teeth53 ( Date: 18-Jul-2010 23:39) Posted:

And this. Finance Ministry. Mr Tharman target to bring us by 10 years time, everyworkers more $$$.

just wondering how he can get it a done job or I can only imagine becoming a richer ministry.

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Isolator
Supreme

19-Jul-2010 09:18

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Yells: "STI is hard landing to below 2000..."

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The only way I see is to cut the top executive pay by 40%. They are overpaid for the least responsibility job. Their pay cut can bring in more capital to lower wages worker and also have more good quality projects too. But... no top people will want to see their own pay cut... Got to wait for the serious global crisis that last many years in order to see this happen... lol.. Smiley

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Hulumas
Supreme

19-Jul-2010 08:55

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Be humble, always think of other's ability, do not praise of yourself!

teeth53 ( Date: 18-Jul-2010 23:39) Posted:

And this. Finance Ministry. Mr Tharman target to bring us by 10 years time, everyworkers more $$$.

just wondering how he can get it a done job or I can only imagine becoming a richer ministry.

Hulumas ( Date: 04-Jul-2010 18:39) Posted:

It goes without saying subjected you work hard, efficiently and loyal to the company...... Why not! Even it could be better than what you expected

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teeth53
Supreme

18-Jul-2010 23:39

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And this. Finance Ministry. Mr Tharman target to bring us by 10 years time, everyworkers more $$$.

just wondering how he can get it a done job or I can only imagine becoming a richer ministry.

Hulumas ( Date: 04-Jul-2010 18:39) Posted:

It goes without saying subjected you work hard, efficiently and loyal to the company...... Why not! Even it could be better than what you expected!

teeth53 ( Date: 02-Jul-2010 23:27) Posted:

And now another successful con story to boost workers salary from $2,400 to $3,100.

So it mean I as worker can get an average of $3,100 in year 2020.

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teeth53
Supreme

18-Jul-2010 23:33

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teeth53 thot - How to reduce unhappiness around us ?. & is good to know PM is making an effort.

Why is it that it would appear that as one gets older, earnings tend to decline?

How long has this trend been persistent? www.leongszehian.com/cpf - 76k - Cached

I refer to the Prime Minister's National Day speech, in regards to reducing the income gap and CPF.

According to the Ministry of Manpower, for workers aged 55 and above, 18,600 earn gross monthly income of under $500, 64,000 earn less than $1,000, and 46,400 earn below $1,500. This means that 42 per cent of elderly workers earn less than $1,000.

The statistics indicate that the older one gets, the larger is the proportion who earn less. For example, those earning less than $500 and $1,000, jumped from 8,600 and 36,600 to 18,600 and 64,000, respectively, from age 50-54 to age 55 and above.

This means that those who crossed from age 50-54 to age 55 and above, who earned less than $500 and $1,000, increased by 116 and 75 per cent respectively.

teeth53 ( Date: 18-Jul-2010 22:09) Posted:

Roll back.....just FYI.

http://forum.channelnewsasia.com/viewtopic.php?t=359487&postdays=0&postorder=desc

Please note: According to the Ministry of Manpower, for workers aged 55 and above, 18,600 ... CPF members won't be required to top up CPF money lost in such. circumstances. ...
www.leongszehian.com/cpf - 76k - Cached

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teeth53
Supreme

18-Jul-2010 22:09

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teeth53
Supreme

10-Jul-2010 13:40

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MOM reminder

Anyone don't know about this....Don't forget to top up CPF
Election is coming....Ahh not surprising ahh. Must ask FM Tharman to allocate a few hundred million to topup for us, after all Ms Ho Ching can affordable lost Sing $58 billion only. nia,nia. Nothing happen to her - right. and now earn big money....Mai kia, mai kai.

The govt is like a father to me and always like to run as one big family...Right. RIGHT.

So govt (just like my father) must top up for us this round - 55th anniversary.
So must ask (open our mouth) for either S$550/- or even better S$5,500/- to be top into my CPF account, err..preferable into my retirement acct, and this always has to happen every years, keek increasing...From 1 July 2010, the CPF Minimum Sum has been increased to $123,000, and this will apply to members who turn 55 from 1 July 2010 to 30 June 2011.

Mai Kia, mai kia - only few hundred million nia, nia

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teeth53
Supreme

10-Jul-2010 13:12

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1. My Golden Egg
What's your retirement wish? How much do you wish to have to enjoy your retirement? Share your retirement thoughts with us and you could win a prize in our monthly lucky draws from July to December 2010. There are 3 iPads and 50 vouchers worth $55 each to be won! Click here to participate. For more details, read our latest InTouch.

2. GST Credits/Senior Citizens' Bonus
Singaporeans who are eligible and have signed up for GST Credits / Senior Citizens' Bonus (GSTC/SCB) would have received the payouts in their bank accounts by 1 July 2010. Cheques have also been sent to those who had opted to receive the payouts via cheque. Those who have not signed up have until 31 December 2010 to do so. For more information, please visit www.gstoffset.gov.sg.

3. CPF Minimum Sum Scheme
From 1 July 2010, the CPF Minimum Sum has been increased to $123,000, and this will apply to members who turn 55 from 1 July 2010 to 30 June 2011. The Medisave Minimum Sum and Medisave Contribution Ceiling have also been revised. Read about it here.

Yours faithfully
CPF Board

teeth53 thot - It will be most helpful if and when MOM can do us a flavour by topping up $5,500/- for us, especially for Item 3 (CPF Minimum Sum Scheme increased to $123,000/- liao)

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Hulumas
Supreme

04-Jul-2010 18:39

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It goes without saying subjected you work hard, efficiently and loyal to the company...... Why not! Even it could be better than what you expected!

teeth53 ( Date: 02-Jul-2010 23:27) Posted:

And now another successful con story to boost workers salary from $2,400 to $3,100.

So it mean I as worker can get an average of $3,100 in year 2020.

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out-of-the-box
Senior

04-Jul-2010 09:29

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I wonder the goverment realise those problems attached with Population growth by bringing new immigrant (worker class)? Littering (proven by flooding), Noise Polution (people talk loudly in the public and MRT stations and train with loud announcement), strangers sleeping and lotering at HDB void deck, conning, cheating, over crowded public traansport, more and serious traffic accident, lower salary (some Singapore still earning less than 1,000 a month).... Before bringing in these people, any plan to bring them to civic concious to Singapore standard? The ERP is a good system to use pricing mechanism so why not in employment market be the same? Is foreign worker really bringing down the cost of production? HDB flat is now selling S$ 700K under DBSS scheme?

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E-war
Veteran

04-Jul-2010 04:08

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The top few precent of earners ie the CEOs, bankers, ministers etc skew the amt upwards. Maybe they can pay themselves more to achieve 3100 earlier. haha...

teeth53 ( Date: 02-Jul-2010 23:27) Posted:

And now another successful con story to boost workers salary from $2,400 to $3,100.

So it mean I as worker can get an average of $3,100 in year 2020.

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teeth53
Supreme

03-Jul-2010 00:01

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TRY This, this one maybe able to....

Young PAP forum flooded with links since Jan 08 " Ahgong Hippo's Blork

YOUNG PAP. Domain Name: youngpap.org.sg. Owner/Main Contact: Name: YOUNG PAP(SGNIC-ORGYO99745) Registered Address(line1): PAP HQ 57B New Upper Changi Road ...

ahgonghippo.wordpress.com/2008/07/17/young-pap-forum-flooded-with-l... - 55k - Cached

boyikao3 ( Date: 02-Jul-2010 23:48) Posted:

I think u should get that shiny bald head to read this ! Smiley

pharoah88 ( Date: 28-Jun-2010 15:27) Posted:

New Australian PM Gillard BUSTED the MYTH that population growth is the panacea to National Growth.

Population is no no to National Prosperity UNLESS everyone of the lower 50% percentile population has increasing annual income over and above the annual inflation rate plus the bank prime rate.

Otherwise, population growth is equal to citizen poverty growth.

DON'T be SWEPT OFF by the average Per Capital Income.

Increasing average PCI is nOt equal to Growth in individual citizen's person annual income.

All average Statitics are SCAM because the figures are nOt suppOrted by TRUTH in the LIFE of the citizens.

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teeth53
Supreme

02-Jul-2010 23:54

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Even GLCs are cutting older workers’ pay?

Singapore Airlines (SIA), SIAEC (SIA Engineering) and all other SIA-affiliated companies practise 10 per cent across-the-board pay cut for all employees the moment they turn 60 years old,” Ms Jennifer Tan wrote to the Straits Times in May this year.

“When queries are made to the human resource department about such cuts,” Ms Tan wrote, “especially in relation to the new government push to extend the working life of experienced older workers, the reply given is that it is ‘company policy’.” (Asia One)

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boyikao3
Master

02-Jul-2010 23:48

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Yells: "Money or reputation ?"

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I think u should get that shiny bald head to read this ! Smiley

pharoah88 ( Date: 28-Jun-2010 15:27) Posted:

New Australian PM Gillard BUSTED the MYTH that population growth is the panacea to National Growth.

Population is no no to National Prosperity UNLESS everyone of the lower 50% percentile population has increasing annual income over and above the annual inflation rate plus the bank prime rate.

Otherwise, population growth is equal to citizen poverty growth.

DON'T be SWEPT OFF by the average Per Capital Income.

Increasing average PCI is nOt equal to Growth in individual citizen's person annual income.

All average Statitics are SCAM because the figures are nOt suppOrted by TRUTH in the LIFE of the citizens.

niuyear ( Date: 28-Jun-2010 11:17) Posted:

Singapore population is increasing and the same goes to CPF contributors. We have the safe and sound environment condusive to investors. List goes on........

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teeth53
Supreme

02-Jul-2010 23:34

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Income gap will be even more widen. Rich Ministry will be even richer and leaving poor workers poorer. Please marked my word.

teeth53 ( Date: 02-Jul-2010 23:27) Posted:

And now another successful con story to boost workers salary from $2,400 to $3,100.

So it mean I as worker can get an average of $3,100 in year 2020.

Useful To Me Not Useful To Me

teeth53
Supreme

02-Jul-2010 23:27

teeth53 About Contact Quote this Post! Style: Flexible Mood:

Yells: "don't learn through life, learn to grow with life "

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And now another successful con story to boost workers salary from $2,400 to $3,100.

So it mean I as worker can get an average of $3,100 in year 2020.

Useful To Me Not Useful To Me

teeth53
Supreme

02-Jul-2010 23:22

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alooloo wrote ( Date: 28-Jun-2010 10:40) Posted:

From the day CPF with a ceiling of contribution and a minimum sum, we should know it is perfectly well design to con the money of sandwich class. I think Minister should lock 50% of their pay in CPF.....

___________________________________________________________________________

and now.... ESC targets $3,100 median wage for S'pore worker

http://www.channelnewsasia.com/stories/singaporelocalnews/view/1067260/1/.html

SINGAPORE: Raising the wages of the average Singapore worker by one-third in the next decade is one target of the Economic Strategies Committee (ESC). This would mean moving from a median wage of $2,400 today to about $3,100 in 10 years.

"Grow productivity, grow wages and grow profits. That's what it really boils down to. "The opportunities are large, the challenge of achieving growth with a limited labour supply is also daunting but we can raise our game and make the most of these opportunities for next 5-10 years."

One way is to adopt the three "R" strategy - Repositioning businesses, Restructuring processes and taking Responsibility for the quality of workers. Singapore has never had it as good as now, and for the next five to ten years.

Finance Minister Tharman Shanmugaratnam said Singapore must have workers with top quality skills and make the island one of the top liveable cities in the world. Mr Tharman went on to say: "What we really have to do when we talk about raising productivity is raise our game in every regard - higher skills, higher standards, higher aspirations, transform our economy in every sector so that we can take advantage of these opportunities.

Teeth53 thot - This one is always love by economist From a median wage of $2,400 today to about $3,100 in 10 years. Projecting a very promising target all across all workers.

We will have many managers and no workers...Right - RIGHT

Is Finance Minister Tharman Shanmugaratnam was saying to every Singaporean low wage workers, including FT ??. or to those few who can made it ??. Tell that to a 40 - 50 years old by then most will reach retiring age, where blue/white collar workers and their CPF will get cut and becoming alot more expensive to be employ, believe many of them may get either jobless, alot less in salary then they can command.

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Hulumas
Supreme

28-Jun-2010 15:31

Hulumas About Contact Quote this Post! Style: Flexible Mood:

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She could be right and wrong in some sense! It all depends from country to country to justify this mentioned MYTH.

pharoah88 ( Date: 28-Jun-2010 15:27) Posted:

New Australian PM Gillard BUSTED the MYTH that population growth is the panacea to National Growth.

Population is no no to National Prosperity UNLESS everyone of the lower 50% percentile population has increasing annual income over and above the annual inflation rate plus the bank prime rate.

Otherwise, population growth is equal to citizen poverty growth.

DON'T be SWEPT OFF by the average Per Capital Income.

Increasing average PCI is nOt equal to Growth in individual citizen's person annual income.

All average Statitics are SCAM because the figures are nOt suppOrted by TRUTH in the LIFE of the citizens.

niuyear ( Date: 28-Jun-2010 11:17) Posted:

Singapore population is increasing and the same goes to CPF contributors. We have the safe and sound environment condusive to investors. List goes on........

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pharoah88
Supreme

28-Jun-2010 15:31

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Economist says,

"As SUPPLY increases, the PRICE falls."

SAGE says,

"As POPULATION grows, individual citizen becomes cheap and weak."

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pharoah88
Supreme

28-Jun-2010 15:27

pharoah88 About Contact Quote this Post!

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New Australian PM Gillard BUSTED the MYTH that population growth is the panacea to National Growth.

Population is no no to National Prosperity UNLESS everyone of the lower 50% percentile population has increasing annual income over and above the annual inflation rate plus the bank prime rate.

Otherwise, population growth is equal to citizen poverty growth.

DON'T be SWEPT OFF by the average Per Capital Income.

Increasing average PCI is nOt equal to Growth in individual citizen's person annual income.

All average Statitics are SCAM because the figures are nOt suppOrted by TRUTH in the LIFE of the citizens.

niuyear ( Date: 28-Jun-2010 11:17) Posted:

Singapore population is increasing and the same goes to CPF contributors. We have the safe and sound environment condusive to investors. List goes on........

alooloo ( Date: 28-Jun-2010 10:40) Posted:

From the day CPF with a ceiling of contribution and a minimum sum, we should know it is perfectly well design to con the money of sandwich class...

I think Minister should lock 50% of their pay in CPF....

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