When they cut CPF in 2003, it's 3%, when they restore, it's 1%!!

enterprise2 said:

Immediate Cut Of 3% In Employers’ Contribution Rate
From 1 October 2003, the employer’s CPF contribution rate will be cut by 3 percentage points. The new total contribution rate will be 33%. There is no change in the contribution rates for workers aged above 55 as the rates are already low.

The above is the CPF announcement in 2003. When they cut, they whack 3% like nobody's biz!! When they try to restore, they give u bit by bit, like 1% here and 0.5% there. Like that !! How to be happy!!

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virus said:

why restore it? i tot they say everyone is happy with it and there is no protest outside the parliament?

spineless... oops i mean speechless.

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laksaboy said:

It's amazing what losing a GRC and a couple of by-elections can do.

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enterprise2 said:

Immediate Cut Of 3% In Employers’ Contribution Rate
From 1 October 2003, the employer’s CPF contribution rate will be cut by 3 percentage points. The new total contribution rate will be 33%. There is no change in the contribution rates for workers aged above 55 as the rates are already low.

The above is the CPF announcement in 2003. When they cut, they whack 3% like nobody's biz!! When they try to restore, they give u bit by bit, like 1% here and 0.5% there. Like that !! How to be happy!!

Click to expand...