SINGAPOREANS are at the bottom of a ranking of retirement income from pensions in the Asia-Pacific region, says the Organisation for Economic Cooperation and Development (OECD).
And this is true at all income levels, according to the study, which covered 19 locations including Hong Kong, Taipei and Japan, The Business Times reported on Friday.

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OF COURSE!!!
The simple truth is that most of us Singaporeans SUCKERS (including ME) have used up, and STILL USING,
MOST of our CPF savings to pay for our 99yr leasehold HDB (Surbana Corp) flats.

If work until 65 yrs old then retire and say live until 85 yrs old (ave Singaporean male life expectancy)
that means 20 yrs in retirement (NO income).
So if got say $120,000 (based on CPF minimum sum) that means $500 per mth.
Factor inflation, that $500 more or less might be equivalent to $250 today's value.
20-40 yrs from today, $250 can do what??
By that time GST will be how much??
If say 10%, am I exaggerating too much??
If I say might have $1MILLION HDB (Surbana Corp) flats, am I exaggerating too much??
(now already got $650,000 HDB flats (NEW and also resale HDB valuations)

So its NOTHING surprising that we Singaporeans are ranked BOTTOM for retirement income from pensions (CPF) AND also BOTTOM for pension (CPF) wealth that take life expectancy into account.

Good luck my fellow Singaporean friends!!

We are all actually idiots.CPF is a tool that make all us more of an idot.Work,work,work for almost all our life and when it's time for us to really enjoy our fruit of hard work,they'll say no you can't take your friut and eat it,the gahman will tell you how you can eat that friut of yours.Take a bite of it and the rest the gahmen will keep it for you then at the appropriate time let you have another small bite.But the real thing is-that fruit is our hardearned
fruit and its contain our blood,sweat and tears.They are actually keeping your fruit and from that fruit gain more fruits out of it but only reward you with a meagre interest.
Forsee things will get worst in the coming future,with more announcement of controls in the CPF.The world is having financial difficulties and am sure CPF monies are being invested with various financial institutes to gain more from it.With these bad times not sure about what is going to happen to our CPF monies?Keeping our fingers crossed.The younger generation will certainly not be able to enjoy their CPF monies in future.

our $$ are all sucked dry. the more we work and earn, the more being sucked dried. how to have retirement income?

Essentially we are all slaves as what we earn we give back to the gahmen..

retirement policies kicked in too late.the problem is clear and here.

CPF concept is good. For those who disagree, perhaps you should live in the US, Canada, Europe etc...perhaps it will help you understand better the benefit of having a CPF account.....

The concept of operation is great but the operation itself is far from even good.

Huh??? christian02, you mean we should be appreciative to those ppl for taking full control of our $$$ and decide when to give us back bit by bit even when we’re old, sick and in need of our own hard-earned $$$ ???

CPF scheme WAS of good intention INITIALLY but what is the real motive now??? One change after another, how much change has the original rules undergone? Indeed often sounding so ‘noble’, always thinking and planning for our sake but who actually stands to benefit the most NOW???

The CPF scheme is to ensure that we (excl the elite, top guns and fiflthy rich) DO NOT BECOME A BURDEN to the state when we retired. They have calculated that whatever amt to be retained in each individual acc is sufficient to take care of MOST of the living expenses(incl purchase of cofin) b4 we kick the bucket.