Why is GIC withholding and not returning CPF investment profits to CPF members OA/RA?
#1
Why is GIC withholding and not returning CPF investment profits to CPF members OA/RA?


There is total of S$ 393.2 bn CPF savings left with GIC solely to maximise investment returns for CPF members.

It's long over due, therefore, GIC has to find a solution.
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#2
Over 35 years, GIC made a lot of monies and was reported as one of the largest contributors to recent Govt Budget but where is the portion of investment profits belonging to CPF members?

GIC Assets Under Management
GIC handles S$ 557.6 bn assets under management (AUM) of which S$ 393.2 bn (71%) belongs to CPF members, thus, GIC is only handling S$ 164.4 bn Singapore Reserves.

CPF members savings S$ 393.2 bn (71%)
Singapore Reserves .. S$ 164.4 bn (29%)

This allows GIC to invest for the long term, including investing in riskier assets like equities, real estate and private equity, DPM Tharman said, shedding light on how the Government invests CPF monies, and the role that GIC plays as the Government's fund manager.

Having the GIC manage CPF monies as a standalone fund would require it to be more conservative, and thus make it harder for it to earn as good returns as it currently does.

Recently, it was reported that GIC, Temasek and MAS combined was the single largest contributor (much more than Income tax and GST) to Govt Budget to fund public program such as education, healthcare, infrastructure, transports and benefiting Singaporeans.

Where has the portion of CPF investment profits gone?
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#3
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This is not all , there are many more ...

The world is in a super bull rally but they are in a super bear rally ...
Can easily find at least 10 - 20 of them ...


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Our teacher says this :

" Verily I say unto you, Whatsoever ye shall bind on earth shall be bound in heaven: and whatsoever ye shall loose on earth shall be loosed in heaven. "

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#4
How to return when it is not due? If they can increase the yearly interest to a better rate, that’s good enough
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#5
wuhahahahaha
I am just a tiny plankton in the ocean.
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#6
31-12-2019 3:20 PM
Honestboy said:
How to return when it is not due? If they can increase the yearly interest to a better rate, that’s good enough

Reported GIC Temasek and MAS started contributing to Budget since 2016.

Ofcoz GIC was able to realise yearly profit otherwise how GIC able to contribute?
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#7
31-12-2019 3:20 PM
Honestboy said:
How to return when it is not due? If they can increase the yearly interest to a better rate, that’s good enough

CPF interest rates were left stagnant but suddenly, it jumped 100 basis points in October 2019.

Members OA @ 3.5℅
Medisave AC @ 5%
Members RA @ 5%

Why suddenly they realized something wasn't right?
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#8
1-1-2020 7:14 AM
sukhoi35 said:
CPF interest rates were left stagnant but suddenly, it jumped 100 basis points in October 2019.

Members OA @ 3.5℅
Medisave AC @ 5%
Members RA @ 5%

Why suddenly they realized something wasn't right?

Laughing Ugly004 T2
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#9
1-1-2020 7:14 AM
sukhoi35 said:
CPF interest rates were left stagnant but suddenly, it jumped 100 basis points in October 2019.

Members OA @ 3.5℅
Medisave AC @ 5%
Members RA @ 5%

Why suddenly they realized something wasn't right?

It’s reviewed quarterly..so after the GE, might come down.

OA is only earning a merely pathetic 2.5%. The additional 1% is capped $20k of OA balance ..WTF Laughing
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#10
1-1-2020 8:09 AM
Honestboy said:
It’s reviewed quarterly..so after the GE, might come down Laughing

CPF Board management adjusting pension funds interest rates higher basing on general election?

Are they a bunch of morons?

.Australia changed 8 PMs in short 7 years, Aussie interest should be 18% now.
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