Are OECD & CSJ correct to say SG pension repalcement is 13%
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Chee Soon Juan is very happy to get a chance to promote
his book again.OECD said SG retirement replacement ratio is
the lowest in Asia Pacific!!Chee then promoted his own book
in so called SDP we site.
Is SG the lowest in replacement ratio in Asia Pacific--13% or 82%?
If u dunt read carefully,it is.It is NOT if u just read the Summary here.
here.--full report
summary--http://www.oecd.org/dataoecd/47/10/41941763.pdf
http://www.oecd.org/document/26/0,3343,en_2649_34487_41939482_1_1_1_1,00.html
Pensions at a Glance: Asia/Pacific, a joint OECD/World Bank report.
1.First,the report just put the Special Account as Retirement pension.
It seem they dunt consider Ordinary acct as part of retirement!!
This is the reason OECD reseacher put SG retirement ratio at just 13%!!
Singapore.s provident fund also provides savings for different purposes, with three different accounts: one earmarked for retirement, one for healthcare expenses and the other with broader uses, most notably housing.--EOQ
http://www.oecd.org/dataoecd/47/10/41941763.pdf
We know that u can withdraw Ordinary account for retirement,
except the minimum sum.
So,can we consider Ordinary acct also as part of retirement funds?
But the report also admits:
http://www.oecd.org/dataoecd/47/10/41941763.pdf
The relatively low replacement rate for Singapore shown in Figure 1 of 13% is because the calculations only consider the earmarked retirement account. If an individual were to put the general account towards retirement-income provision as well, then the replacement rate would be 82%.--EOQ
http://www.yoursdp.org/index.php/news/singapore/1744-biggest-savings-lowest-income
In SG,we dunt have a general account!!Since the report do not define this term,
I assume it refer to Ordinary account.
2.Have Chee read the Summary ,not to mention the full report?
I dunt think so.If he has read,he should have point out my last quoted paragraph
to tell the full picture.I wander he would tell us the full picture if he knows.
The worst is he dare not face the full picture and whole trust!!
@@@@@@@@@@
I must admit i have not read the full report nor the Summary.
3.Home ownership shall be considered
The home ownership is very high in Singapore,unlike other
countries.So,is it fair just to compare the figure,even they are true and complete,
without put this home ownership into consideration.
While Singaporean take HDB flat as granted,they shall ask how Hong Kongers feel
that the latter work for life for HK property Developers!!i invite u to see the prices
and size of HK property here.http://www.centaline.com/
Pl note the areas quoted is GROSS FLOOR areas.
The effective % of net floor areas range from 65 % to 80%!!
Also,shall we also consider the life time benefit?
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lionnoisy, time for you to practise lion dance for CNY.
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can perform in the chingay
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Originally posted by angel7030:
can perform in the chingay
u interested to engage lionnoisy for lion dance at your business place? -
Typical of idiots who compare value of house in Singapore with that of Hong Kong without taking into account the salaries in each respective country.
House is also very expensive in Switzerland, but what is the pay grade of similar vocations in their respective country.
The best part of this thread is, lionnoisy is comparing condominium prices in Hong Kong with HDB prices in Singapore.
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Originally posted by maurizio13:
Typical of idiots who compare value of house in Singapore with that of Hong Kong without taking into account the salaries in each respective country.
House is also very expensive in Switzerland, but what is the pay grade of similar vocations in their respective country.
The best part of this thread is, lionnoisy is comparing condominium prices in Hong Kong with HDB prices in Singapore.
pl tell us the data of pte v pte
and public housing in HK v HDB in SG.
I think i have made too much noises here.Now its your turn.
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Originally posted by lionnoisy:
pl tell us the data of pte v pte
and public housing in HK v HDB in SG.
I think i have made too much noises here.Now its your turn.
You need your daily dose of arse whipping?
Your arse got pulverized in Military Nuts is not enough, you need to have your arse sodomized in Speakers' Corner.
Go research the data yourself, I don't have time to explain each and every query you bring up. Next you will ask me to explain to you why the oceans and sky are blue.
Seriously, you need to go back to primary and secondary school to improve on your English, general knowledge and thinking skills.
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For the benefit of those who are less knowledgable.
Empty vessels makes the most noise.
Is that the reason why you are lion noisy?
Generally, the salary in Hong Kong is much higher than Singapore, despite our equivalent GDP per Capita. This is because of Singapore government's policy of not recognising the contributions of the lower wage workers. High pay for Ministers while low pay for workers.
The crime rates for Hong Kong is only slightly higher (0.3%) than that of Singapore.
I wonder what is the pay structure for ambulance officer in Singapore.
Hong Kong (approx. SGD 4,401):
or equivalent; and be able to speak fluent Cantonese and English; ($25,620 per month) or have a pass in 2 subjects at Advanced Level in the Hong Kong Advanced Level Examination and Level 3/Grade C or above in 3 other subjects in HKCEE (the subjects may include Chinese Language and English Language), or equivalent; and have met the language proficiency requirements of Level 2 or above in Chinese Language and English Language in HKCEE Note (b), or equivalent; and be able to speak fluent Cantonese and English. ($24,050 per month)
http://www.hkfsd.gov.hk/home/eng/vacancy.html
http://politics.sgforums.com/forums/1480/topics/328845?page=3
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Originally posted by Fantagf:
u interested to engage lionnoisy for lion dance at your business place?
i am interested in the lion, but not the noisy part. I can hang big ang bao for lion to eat