Current Issues: 

1. Increase in age of retirement and mandated minimum amount
The government’s current plans include an increase in the age of retirement for citizens to be eligible for the monthly payout. Furthermore, an increase in the mandated minimum amount before they are eligible for monthly payouts.

2. Lack of Flexibility
The CPF is a rigid system where citizens are unable to draw money as and when they wish. Many low income citizens have protested that they are losing out as given their monthly salary, they are unable to meet the minimum sum by the age of 55 since they are earning less, making it hard to meet the minimum cash component in their Retirement Account. Thus, they would be eligible for the retirement program – ‘CPF Life’. 

3. Lack of Transparency
We believe the government has not been adequately transparent about how they are managing OUR Central Provident Funds. Singaporeans are concerned about the whereabouts of their savings and what it is being used for, leaving many insecure and worried that their hard earned retirement funds may not be given to them as promised upon retirement. Moreover, statistics from the distribution of CPF members by monthly wage levels did not appear in 2012’s annual report. When we are elected to parliament, there will be no such opacity, and simply greater transparency.

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Our Solutions:

1. Greater Transparency
Assuming the position of the government, we will constantly inform the public of issues regarding the management of the CPF. This will be implemented through our policies, as stated below.

2. Accountability of Actions 
We will hold ourselves accountable for the execution of actions regarding the management of CPF. We hope to do this by enacting and passing new laws to enforce strict regulations for transparency as well as legal consequences of withholding information or stonewalling. 

 

Our Policies:

1. Law of Routine Checks

We propose to implement a law that would require the CPF board in being transparent and accountable. This would be done through routine checks with the public informed and updated regarding the savings and overall investment gains and losses. 

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2. CPF Life Program for low-income workers

We will create a separate CPF Life program to accommodate low-income workers who are unable to meet the minimum sum after surpassing the age of 55. The plan will include increasing the age from 55 years old to 60 years old. Moreover, we will be increasing the return interest rate for them and top up their monthly payouts upon retirement to a stipulated minimum ($700).

Current Issues: 
1.    Exponential Increase in housing prices
2.    Conflict between Appreciation and Affordability
3.    Deflationary Measures

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Our Solutions: 
We aim to ensure every Singaporean eligible for housing has a chance in buying and will be able to afford a home through our policies such as our comprehensive housing plan 2019. 

 

Our Policies: 
Comprehensive Housing Plan 2019

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(A)    Decrease control of Private Property

We will loosen our control of the private property market to allow the housing market in Singapore to be lively. Furthermore, we will introduce cooling measures for public housing prices. This will reduce the impact of our policies on the local housing market.

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(B)    Biannual Report 

We will publish a report mandating the price of public housing to be within a stipulated range depending on: 
1.    Geographic location
2.    Age of the apartment 
3.    Size of the apartment. 

The report will be released to the public biannually.

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(C)    Improve Current Financial Aid

 We will improve current financial aids given to young couples looking to own a home to lessen their financial burden. 
 

Current Issues:

1. Lack of Accountability and Transparency
Due to the lack of accountability and transparency by the government and the transport company SMRT, this has heightened anger and frustration among Singaporeans. Moreover, no form of apology given by the government and SMRT for their lapses in operation.

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2. Inadequate Management 
The government and SMRT has been inadequate in owning up to their poor management and mistakes. Instead, the company and the government only informed the public that they are working on fixing the issue without any other details given. Furthermore, SMRT often relayed delayed and inaccurate information during a train breakdown. This caused commuters that were caught in the breakdown more difficulty in their change of transport plans.

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3. Increase in Transport Fee
The government and SMRT has constantly increased transport prices over the years with the latest increase justified by the need of more funds to fix issues regarding the train track.

Our Solutions: 

We will ensure a reliable transportation system that is held accountable and are transparent. We aim to include new and improved ways of informing the public with regards to any issues pertaining to the transport system

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Our Policies:

1.    Engage with Professionals
We will engage with professionals who have the expertise and skills in dealing with these issues and challenges.

2.    Decrease Transport Fares

Given that we have a state-owned transport system, which should not be profit-oriented in the first place, Singapore's transport fares are not cheap, especially if you compare it to other state-owned transport systems like that of Taiwan and Japan. We believe SBS and SMRT are making an exceeding amount of profits, more than enough to sustain even with lowered fares. Besides, if funds are needed for maintenance, it can be injected from Temasek Holdings or state funds, which consist of our citizens' tax money. Hence, we want to make the decrease in transport fares happen. We will also ensure that SMRT pays a heavy fine every time the train breakdowns. As we work towards a more reliable transportation system we will ensure that the costs are kept to a minimum and within a reasonable time frame.

3.    Accountability and Transparency
We will constantly update the public regarding train breakdowns and the progress of the upgrading works.