20 Aug '11, 8am

PE: Tan Kin Lian suggests pension for elderly: SINGAPORE: Presidential candidate Tan Kin Lian has floated

PE: Tan Kin Lian suggests pension for elderly: SINGAPORE: Presidential candidate Tan Kin Lian has floated

SINGAPORE: Presidential candidate Tan Kin Lian has floated the idea of a pension for the elderly to complement the Central Provident Fund (CPF) savings that they can draw on. He made this suggestion on the sidelines of a visit to a welfare home for the aged on Saturday morning. He and his team were walking about in Geylang East - an area largely populated by the elderly. Mr Tan said: "I'm in favour of a pension for elderly people, maybe beyond age 75 or 80. It doesn't cost much and this will help a long way. "In Singapore, of course we depend on the CPF savings, but where the CPF savings are not enough, we have to give more help, especially to the elderly people who are poor (as) during their lifetime they were not able to save much." The former NTUC Income chief has promised to donate half his salary to assist the elderly and children from needy families if he is elected....

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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