'Are there any countries in the world which have national pension schemes that exclude the bottom 25 per cent of the population?' Leong Sze Hian
My answer is yes, in paradise. Leong Sze Hian was responding to the CPF Life annuities scheme that excluded those who have less than $40,000 in their Minimum Sum. And this is exactly the group that needs help.
So what will happen to them when they are old and have no money and not in the scheme? Search me, I do not want to know. Not my pasar.