19 Feb '11, 3pm

Youth give ideas on tackling new 5Cs

Youth give ideas on tackling new 5Cs

Singapore Youths . -- PHOTO: PEOPLE"S ASSOCIATION YOUTH MOVEMENT HOW many Singaporeans are confident that they can continue to live comfortably after retirement? Even those on the CPF Life annuity plan - which provides retirement income for the rest of their lives for those who turn 55 - may find themselves short of money 15 to 20 years from now, due to inflation. This is why Ms Anisah Ahmad, 22, and Mr Mohamad Saddiq Mohamad Sa'id, 22, propose an annuity plan which starts with a smaller payout that increases by a certain percentage, say, 2 per cent, yearly. Ms Anisah, a fourth-year political science student at the National University of Singapore, and Mr Saddiq, currently doing his national service, were among 70 participants aged 17 to 25 at the biennial National Youth Forum (NYF). Their recommendation was presented to their peers on Saturday, which marked the last day o...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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