A chicken and egg story
The kpkb in the internet was not in vain. Ok, maybe the govt did not listen to cyberspace whiners. But the govt is listening and will take note of the unhappiness raised by the public through all the channels available. We will see more in dept study of the annuity plan before it is being push out to the people. But changes there will be to revamp the CPF withdrawal plans. The new scheme plus the bonus for deferred withdrawal will cost the govt $1.2 billion each, or $2.4 billion in total if I heard it correctly. The govt appears to be very generous in this area. But someone has to foot the cost, all $2.4 billion. There is no free lunch. We would have to wait for Eng Hen to explain how he is going to pay for this proposal. Before the chicken are out we need to know who is going to lay the eggs. I think we all know the answer.