Jobs Credit Scheme Benefit Foreigners/PRs Over Singaporeans
<HR SIZE=1><!-- / icon and title --><TABLE cellSpacing=0 cellPadding=2 width="100%" border=0><COLGROUP><COL width=*><TBODY><TR><TD vAlign=top><!-- message --><!-- 17 -->This is the URL for the updated version of this thread.Please visit there as it is much more important!
http://forums.fuckwarezone.com.sg/sh....php?t=2260926
The Jobs Credit Scheme was introduced by the Singapore Government during the recent budget,and was promoted as an innovative scheme to help save Singaporean jobs.The basis of the scheme was that,employers of Singaporeans / PRs would receive a cash rebate to their employees’ CPF contributions.
On the day the budget was introduced,I felt a nagging doubt in my mind once I saw that the scheme included PRs.On top of that,a comment from a fellow Singaporean in the newspaper caught my eye,”A 12% CPF rebate may sound good on paper,but if a company retrench me,it saves on 100% of my salary.I wonder whether this scheme will really be effective.”
Now comes the news that Foreigners are flocking in droves to apply for PRs so that they can keep their jobs here.Check out the news report here --- http://www.straitstimes.com/Breaking...ry_332928.html
Now look at what I got from CPF website…
For a Singaporean,employer pays CPF contribution of 14.5%.
(http://mycpf.cpf.gov.sg/NR/rdonlyres...B/0/AnnexB.pdf )
For a PR during his 1st year as a PR,employer pays CPF contribution of 4%.
(http://mycpf.cpf.gov.sg/NR/rdonlyres...6/0/AnnexC.pdf )
For a PR during his 2nd year as a PR,employer pays CPF contribution of 9%.
(http://mycpf.cpf.gov.sg/NR/rdonlyres...B/0/AnnexD.pdf )
Equation
Singaporeans still lose out!
How is the government going to fine-tune the program,in order for it to achieve its supposed aim of saving Singaporean Jobs?(Note that I said Singaporean,not Singapore)http://www.fuckwarezone.com/img/forums/styles/hwz/smilies/wobble.gif
<!-- / message --><!-- sig -->__________________
I eat,shoot and leave!
http://www.xanga.com/pothepanda/weblog
http://www.fuckwarezone.com/img/forums/styles/hwz/smilies/biggrin.gif
</TD></TR></TBODY></TABLE>
<HR SIZE=1><!-- / icon and title --><TABLE cellSpacing=0 cellPadding=2 width="100%" border=0><COLGROUP><COL width=*><TBODY><TR><TD vAlign=top><!-- message --><!-- 17 -->This is the URL for the updated version of this thread.Please visit there as it is much more important!
http://forums.fuckwarezone.com.sg/sh....php?t=2260926
The Jobs Credit Scheme was introduced by the Singapore Government during the recent budget,and was promoted as an innovative scheme to help save Singaporean jobs.The basis of the scheme was that,employers of Singaporeans / PRs would receive a cash rebate to their employees’ CPF contributions.
On the day the budget was introduced,I felt a nagging doubt in my mind once I saw that the scheme included PRs.On top of that,a comment from a fellow Singaporean in the newspaper caught my eye,”A 12% CPF rebate may sound good on paper,but if a company retrench me,it saves on 100% of my salary.I wonder whether this scheme will really be effective.”
Now comes the news that Foreigners are flocking in droves to apply for PRs so that they can keep their jobs here.Check out the news report here --- http://www.straitstimes.com/Breaking...ry_332928.html
Now look at what I got from CPF website…
For a Singaporean,employer pays CPF contribution of 14.5%.
(http://mycpf.cpf.gov.sg/NR/rdonlyres...B/0/AnnexB.pdf )
For a PR during his 1st year as a PR,employer pays CPF contribution of 4%.
(http://mycpf.cpf.gov.sg/NR/rdonlyres...6/0/AnnexC.pdf )
For a PR during his 2nd year as a PR,employer pays CPF contribution of 9%.
(http://mycpf.cpf.gov.sg/NR/rdonlyres...B/0/AnnexD.pdf )
Equation
Singaporeans still lose out!
How is the government going to fine-tune the program,in order for it to achieve its supposed aim of saving Singaporean Jobs?(Note that I said Singaporean,not Singapore)http://www.fuckwarezone.com/img/forums/styles/hwz/smilies/wobble.gif
<!-- / message --><!-- sig -->__________________
I eat,shoot and leave!
http://www.xanga.com/pothepanda/weblog
http://www.fuckwarezone.com/img/forums/styles/hwz/smilies/biggrin.gif
</TD></TR></TBODY></TABLE>
