Major CPF policy shift on the way

[chongsk]

> Malaysia's EPF was paying good dividends to their members. Search thru internet, I discovered all EPF members' accounts have been
> receiving an average of 6.678% yearly dividends during the last 30 years!

> Compared to the mere 2.5% interest CPF members received. Members of the CPF Board may have been TOO conservative in the
> investment of CPF fund (total $252+ billions)

I rather choose the latter. Because if I have parked my $ in EPF, the ringgit would have dropped to less than half over the last 20 years! MY persistent deficit caused the drop in RM against the SGD...

I am talking about the returns of Singaporeans' CPF saving to that of Malaysian's EPF saving. The comparison depicts the investment performances of the two managing Boards rather than currency issue.

The calculated value of returns with 30 years compounding and taking in depreciation of the Ringgit using current exchange rate of 1:2.65, the Malaysians' returns are still 22% higher than Singaporeans'.