Ministry of Manpower Streamline the CPF system
I suggest that the CPF system should be streamlined and simplified as follows:

a) The rate of CPF contribution should be uniform for all workers, and should not vary according to age. For example, it should be 20% of wages for workers and employers

b) Contribution for workers above age 55 should be voluntary.

The current system of CPF contribution is complicated and difficult for employers and workers to plan. 

We should return to a uniform contribution rate that applied when the CPF system was first started.

Tan Kin Lian
 

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