Has AK changed his tune about the CPF?
Pause.
Pause.
Pause.
What say you?
Till now, I still meet people who say that the CPF is a PONZI scheme and would look at me with utmost suspicion when I talk to them about maxing out our CPF benefits as Singaporeans.
Maxing out?
Yes, there is a maximum we can contribute to our CPF account each year.
The annual limit was $31,450.00 in 2015 and because AK is weak in mathematics, he over-contributed (again).
Ever heard of a PONZI scheme that rejects monetary contributions?
Related post:
The CPF is a national PONZI scheme.