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Committee calls for flexibility in compulsory annuity plan

Posted by theonlinecitizen2 on January 31, 2008

From The Straits Times, Jan 31 2008

It also wants Singaporeans to have a say in when they want to get their annuity payout.

By Li Xueying

SINGAPOREANS’ objections to an upcoming compulsory scheme for old-age support will be largely addressed in the recommendations of a committee tasked to design it.

It is suggesting to the Government that the annuity plan be made more flexible and to allow for refunds.

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