Heard last week SOC is likely to trim back the Provident Fund scheme to max 6% matching plan. No employee contribution, no match. Implementation end of 1Q19 to allow 1/1 rollout discussions during performance reviews. No more 80pt pension now no more PF. Cash-and-carry career. Any word from other sources?
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And it was total Bs.
It’s time for people to start making their own provisions for retirement and not rely on someone else to take care of them. That model is out-dated.
I haven’t heard that directly, but it was heard in some speculative conversations.