Singapore’s labour union chief and Minister in the Prime Minister’s Office Lim Swee Say has local bloggers chuckling. Speaking at a seminar on money matters on Saturday after Singapore slipped into recession, the minister touted the soundness of Singapore’s central provident fund (CPF) scheme, the local pension fund.
Channel NewsAsia reports he said:
"Every month, when I receive my CPF statement, I feel so rich and the best part is, I know the CPF money won't run away. CPF will still be around for a long, long time to come… Not only is it earning good interest, my capital is protected."
A commentator quips on the Online Citizen blog:
“How come I never receive my MONTHLY CPF statement? Is it electronic or by mail!”
I got the joke when I visited the CPF website, which has this Q and A:
Q: When can I get my Yearly CPF Statement of Account for 2007?
A: The Board has started mailing the Yearly CPF Statement of Account for 2007 to CPF members. You will be receiving your Statement at your address maintained with the Board by the end of February 2008.
We will be mailing the Statements in phases.
CPF statements can also be regularly checked online. But the minister said he receives CPF statements every month.
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