CPF indirect pay cut! July '07, 35-50 only.

• zaxis

  1 Aug 07, 08:55

  
  see e.g.
  Contribution Group is All Private Sector Employees
  Age Group is 35 years and below
  Month and year of contribution: July 2007
  Ordinary Wages $ 1,000.00
  Additional Wages $ 0.00
  
  Ordinary Account $ 216.68
  Medisave Account $ 61.23
  Special Account $ 47.09
  ----------------
  Total Contributions $ 325.00
  ===========
  
  Contributions by:
  Employer $ 145.00
  Employee $ 180.00
  
  Contribution Group is All Private Sector Employees
  Age Group is Above 35 to 45 years
  Month and year of contribution: July 2007
  Ordinary Wages $ 1,000.00
  Additional Wages $ 0.00
  
  Ordinary Account $ 180.83
  Medisave Account $ 64.53
  Special Account $ 51.64
  ----------------
  Total Contributions $ 297.00
  ===========
  
  Contributions by:
  Employer $ 117.00
  Employee $ 180.00
  
  Above
  35 - 45 14.5 20 34.5 0.6088 0.1739 0.2173
  Above
  45 - 50 14.5 20 34.5 0.5509 0.2028 0.246
• the Bear

  1 Aug 07, 08:58

  uhh.. more financial sodomy?
• Rock^Star

  1 Aug 07, 18:19

  And your point is..........?
• zaxis

  2 Aug 07, 10:34

  GST up from 5% to 7% increase by 2%
  our CPF employee contribution from 20% down to 18%, cash back more 2%
  but our employer from print out information 14.5% but actual only 11.7%, where 2.8%???
  
  
• justcooler

  2 Aug 07, 11:33

  maybe the 2.8% is to the people that manage our money
• de_middle

  2 Aug 07, 11:58