Do you have a question about National Service (NS) in Singapore? Discuss it here.
-
Lisafuller
- Governor
![Governor Governor]()
- Posts: 6311
- Joined: Sat, 07 Nov 2020 11:45 pm
-
Answers: 3
-
Quote
-
0
login to like this post
Post
by Lisafuller » Wed, 26 Apr 2023 10:46 pm
malcontent wrote: ↑Wed, 26 Apr 2023 10:08 pm
I am still a little conflicted about this one.
Mainly because the intent of PR changed without providing a reasonable alternative. Over that same time period, employers cut expat benefits. I guess we can say “vote with your feet” and leave, but it’s not always that simple.
I am fortunate; despite remaining on an EP my employer has always provided a substitute for CPF. As you can probably imagine, over the 27 years, I’d easily have lost out on over a half a million dollars (considering both employer contributions and CPF interest). I can’t imagine how others can deal with it. My BIL is one of them, over 10 years on EP and no CPF or substitute.
You're very lucky, it seems that you're one of the few who has found a job where they are truly (close to) irreplaceable and therefore get to reap significant benefits. I don't know many people who've been on EP as long as you have.
-
malcontent
- Director
![Director Director]()
- Posts: 3186
- Joined: Sat, 22 Dec 2007 11:52 am
-
Answers: 12
- Location: Perched on the Pacific Ring of Fire
-
Quote
-
0
login to like this post
Post
by malcontent » Wed, 26 Apr 2023 11:36 pm
Lisafuller wrote: ↑Wed, 26 Apr 2023 10:46 pm
malcontent wrote: ↑Wed, 26 Apr 2023 10:08 pm
I am still a little conflicted about this one.
Mainly because the intent of PR changed without providing a reasonable alternative. Over that same time period, employers cut expat benefits. I guess we can say “vote with your feet” and leave, but it’s not always that simple.
I am fortunate; despite remaining on an EP my employer has always provided a substitute for CPF. As you can probably imagine, over the 27 years, I’d easily have lost out on over a half a million dollars (considering both employer contributions and CPF interest). I can’t imagine how others can deal with it. My BIL is one of them, over 10 years on EP and no CPF or substitute.
You're very lucky, it seems that you're one of the few who has found a job where they are truly (close to) irreplaceable and therefore get to reap significant benefits. I don't know many people who've been on EP as long as you have.
I’m definitely not irreplaceable, but I have good job security because I don’t give anyone a reason to want to replace me. I accept criticism, I am eager to learn, always go the extra mile and can get along with just about all stripes. I don’t get stressed out because everytime I look at my paycheck, I have yet to see anything added for stress pay.
The only time I’ve ever had a clash is when some half-wit tried to screw with my work-life balance for no valid reason… that’s where I draw the line!
It is impossible for a man to learn what he thinks he already knows - Epictetus
-
PNGMK
- Moderator
![Moderator Moderator]()
- Posts: 9350
- Joined: Thu, 21 Mar 2013 9:06 pm
-
Answers: 11
- Location: Sinkapore
-
Quote
-
0
login to like this post
Post
by PNGMK » Thu, 19 Dec 2024 12:29 pm
malcontent wrote: ↑Wed, 26 Apr 2023 10:08 pm
I am still a little conflicted about this one.
Mainly because the intent of PR changed without providing a reasonable alternative. Over that same time period, employers cut expat benefits. I guess we can say “vote with your feet” and leave, but it’s not always that simple.
I am fortunate; despite remaining on an EP my employer has always provided a substitute for CPF. As you can probably imagine, over the 27 years, I’d easily have lost out on over a half a million dollars (considering both employer contributions and CPF interest). I can’t imagine how others can deal with it. My BIL is one of them, over 10 years on EP and no CPF or substitute.
There's absolutely been a change in intent. When I applied there was no discussion at all about becoming an SC. I rarely hear now either of those urban legends who were invited to apply for PR or for SC by the ICA.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
-
malcontent
- Director
![Director Director]()
- Posts: 3186
- Joined: Sat, 22 Dec 2007 11:52 am
-
Answers: 12
- Location: Perched on the Pacific Ring of Fire
-
Quote
-
0
login to like this post
Post
by malcontent » Thu, 19 Dec 2024 1:06 pm
PNGMK wrote: ↑Thu, 19 Dec 2024 12:29 pm
malcontent wrote: ↑Wed, 26 Apr 2023 10:08 pm
I am still a little conflicted about this one.
Mainly because the intent of PR changed without providing a reasonable alternative. Over that same time period, employers cut expat benefits. I guess we can say “vote with your feet” and leave, but it’s not always that simple.
I am fortunate; despite remaining on an EP my employer has always provided a substitute for CPF. As you can probably imagine, over the 27 years, I’d easily have lost out on over a half a million dollars (considering both employer contributions and CPF interest). I can’t imagine how others can deal with it. My BIL is one of them, over 10 years on EP and no CPF or substitute.
There's absolutely been a change in intent. When I applied there was no discussion at all about becoming an SC. I rarely hear now either of those urban legends who were invited to apply for PR or for SC by the ICA.
Screws only go one direction here… tighter.
It is impossible for a man to learn what he thinks he already knows - Epictetus
-
-
- 156 Replies
- 197023 Views
-
Last post by PNGMK
Tue, 02 Dec 2025 9:06 am
-
-
SRS investment options
Replies: 108
First post
As the title says - what do you suggest?
As some background, my regular investments are in ETFs - I currently hold CSPX, CNDX & IWM which I plan to...
Last post
For example, to trade online you’ve got to set up a CDP account, to trade S27 you’ve got to qualify to trade SIPs.
Not true. You can open what I...
- 108 Replies
- 141817 Views
-
Last post by malcontent
Thu, 06 Mar 2025 9:40 am
-
-
SRS Contribution Impact on PR Chances
Replies: 3
First post
Dear all,
It seem that as foreigners, we can still make contribution to the Supplementary Retirement Scheme (SRS). The well-known benefit is that...
Last post
Dear all,
It seem that as foreigners, we can still make contribution to the Supplementary Retirement Scheme (SRS). The well-known benefit is that...
- 3 Replies
- 26676 Views
-
Last post by PNGMK
Wed, 13 Sep 2023 7:52 pm
-
-
Is SRS worth for foreigners?
Replies: 7
First post
I have lived here for 5 years now and plan to stay long-term though my PR application just got rejected.
I don’t think we will ever get PR but will...
Last post
SRS is not worth it for foreigners. Just pay your taxes as a contribution to nation building, it is so low anyways. You can invest your money freely...
- 7 Replies
- 12478 Views
-
Last post by malcontent
Sat, 07 Oct 2023 12:38 am
-
-
Is SRS investment worth if Employer paying the equivalent contribution
Replies: 4
First post
Hi Friends
I need your inputs.my Singapore based employer has given the optional program for employees to join SRS.
If employee join SRS then he...
Last post
What is WP?
Unless your employer is contributing, SRS as a tax favorable scheme is not super compelling to foreigners who have the discipline and...
- 4 Replies
- 6375 Views
-
Last post by malcontent
Tue, 03 Dec 2024 10:38 am
Users browsing this forum: No registered users and 1 guest