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Cut in employers' CPF rate, more wage reform among measures NWC can push for: economists

They say that with the rapid pace of change, the council may have to start holding its meetings more than once a year, and engage in dialogues with stakeholders

Published Thu, Aug 6, 2020 · 09:50 PM

National Wages Council

Singapore

THERE is broad agreement among employers, workers and government representatives and economists that the National Wages Council (NWC) has a big role to play in helping Singapore to weather the Covid-19 recession and cope with its aftermath.

Some quarters suggest that it should push for a big cut in employers' Central Provident Fund (CPF) contributions and for wage reform in its upcoming round of negotiations - unusually, its second one this year.