Singapore union seeks higher pension contributions
SINGAPORE - Singapore should consider asking companies to contribute more to employees' pensions as the nation's economy improves, said Lim Swee Say, secretary-general of the National Trades Union Congress.
Employers now pay as much as 14.5% of a worker's wage into a mandatory pension program called the Central Provident Fund, or CPF, while employees pay as much as a fifth of their salary. The government...
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