PAP advocacy group proposes equal CPF contribution rates for all age groups
It says this will help boost older workers' retirement adequacy, and ensure that they are paid the same as their younger colleagues for doing the same job
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Janice Heng
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Singapore
RAISING Central Provident Fund (CPF) contribution rates for older workers above the age of 55, up to the same level as those for their younger peers, is one of several recommendations that a People's Action Party (PAP) advocacy group has submitted to the government.
In its report, released on Wednesday, the PAP Seniors Group (PAP.SG) called for older workers' CPF contribution rates to be raised "so that all members continue to enjoy the same level of CPF contributions regardless of how old they are".
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