atans1

CPF Life: Increasing the pot the PAP way

In CPF on 10/04/2017 at 2:08 pm

Maybe the PAP administration might want to do what the Brits did in increasing the m0rtality rate so lightening the burden on the state to provide pensions.

As CPF Life “beneficiaries” are pooled into either the standard or basic schemes, the more people die earlier than expected in each pool, better for the others in the pool and no need for the state to step in: fund no money, yr problem not PAP administration’s problem.

Seriously, I’m surprised the cybernuts from TRELand or Mad Dog Chee have not accused the PAP administration of using SingHealth to kill off S’poreans

A flu jab blunder that contributed to the largest increase in deaths in a generation may have brought unexpected benefits for Britain’s pensions black hole, according to the Daily Telegraph.

The Institute and Faculty of Actuaries says the increase in the mortality rate in 2016 – when the flu jab was mismatched for the main strain of influenza – has slightly reduced overall life expectancy for the over-65s.

Experts say the shift has removed about £28bn of pension liabilities from the balance sheets of leading companies.AP

 

 

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  1. Haha!!! Like that better choose Basic plan, which has higher death residual value but lower monthly payouts.

    If you’re confident of living as long as Old Fart at least, then choose the Standard plan, which btw is the default one. From 78 yrs old no more death residual value.

    Very easy to kill off Sinkies. Just have very long wait times for specialist appointments for subsidized patients. E.g. Chronic abdominal pain. Gastroenterology appointment 6 mths down the road. By then 4th stage colon or pancreatic or stomach or liver cancer. Say goodbye to your family. You got another 3 months. Or less.

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