[Post 587] [ENG SUB] The significance of turning 55 and 65 | Behind Singapore’s CPF (1/5)

Summary

Singaporeans will have a CPF Retirement Account once we turn 55, and 10 years later when we turn 65, we can choose to start receiving monthly payouts. Why can’t we get our payouts earlier instead? Watch the video to find out more!

[Post 586] Govt will continue to enhance CPF scheme to boost Singaporeans' retirement adequacy: PM Wong

Summary

Prime Minister Lawrence Wong said the government will continue improving and enhancing the Central Provident Fund scheme "very carefully" to ensure it boosts retirement adequacy for Singaporeans. In an interview with Chinese local daily Lianhe Zaobao to mark 70 years of CPF, he said this will be done in consultation with Singaporeans. Mr Wong added that the government is also studying the idea of an opt-in retirement investment scheme. He also assured Singaporeans that, as long as they contribute to CPF from young, there should be enough protection for them when it comes to their retirement. Jeraldine Yap reports.

[Post 585] New measures to support Singaporeans in starting and raising families

Summary

Current and aspiring parents can look forward to new measures to support them in their familial journey — with details to be announced at this year's Budget and Committee of Supply. They include a new scheme to help large families with household expenses. The Manpower Ministry will also update details of its work with tripartite partners in having companies implement flexi-work arrangements. These updates come after over seven hours of debate in Parliament today, as over 20 members rose to discuss policies in building a Singapore made for families.

[Post 584] Money Talks Explains: Miles vs cashback credit cards

Summary

When choosing a credit card, which reward system should you go for – miles or cash rebates?

On the brand-new segment called Money Talks Explains, where we break down your financial questions, Tim Phillips from TimTalksMoney explains the pros and cons of each, the trade-offs and key factors to consider before choosing your next credit card.

[Post 583] Will the Johor-Singapore Special Economic Zone be a success? | Deep Dive podcast

Summary

The Johor-Singapore Special Economic Zone will sit on an area four times the size of Singapore, with nine zones covering everything from manufacturing to financial services. What are the opportunities and challenges of this ambitious agreement?

Steven Chia and Crispina Robert speak to Thilan Wickramasinghe, head of research in Singapore and regional head of financials at Maybank Investment Banking Group and Serina Rahman, lecturer at the department of Southeast Asian Studies at the National University of Singapore.

[Post 582] The millennials who are caregivers to their special needs siblings

Summary

Karasi Chandramogan is 34 and she's the main caregiver of her elder brother, Bala, who has autism, for the rest of her life - while juggling financial concerns and her own hopes of starting a family with her husband. Meanwhile, 29-year-old Rachel Boey is learning to look after her sister, Rebecca, who has an intellectual disability, among other conditions, knowing that the responsibility will one day fall entirely on her. Read their stories: https://cna.asia/4jRXj0P

[Post 581] Gen Zs Are Rethinking 9-To-5 Work: Will Hong Kong Cope Without The Hustle? | Insight

Summary

In one July 2024 survey, over a third of Hong Kong youths who are not working or studying had no intention to find a job. There is a term for them - NEETs - people not in education, employment or training. At the same time, a growing number are content with part-time or gig work, eschewing longer-term stability. The youth's ennui can be linked to Hong Kong's economic doldrums, high real estate prices and political apathy. 

But there is also a mismatch between Gen Zs’ perception of labour and Hong Kong's prevailing work culture. Over 40% of young workers often think about quitting. Are Hong Kong's youth checking out of work, and what will that mean for the Special Administrative Region's future?