facebookMy Grab driver and I were discussing about CPF. He equated CPF to a Ponzi Scheme, saying that the payouts the older generation got came from the CPF contributed from the next generation. Any thoughts? - Seedly

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Anonymous

07 Jun 2019

CPF

My Grab driver and I were discussing about CPF. He equated CPF to a Ponzi Scheme, saying that the payouts the older generation got came from the CPF contributed from the next generation. Any thoughts?

Discussion (8)

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Kenneth Lou

07 Jun 2019

Co-founder at Seedly

Nope not ponzi scheme. It’s a retirement scheme haha.

ponzi schemes require you to keep contributing and recruiting downlines to get more sales people with no real product.

our cpf funds are invested through temasek and GIC. And here’s the thing. The money you see on your cpf login is REAL.

my dad passed away earlier this year. My mum recieved a 6 digit cheque from cpf basically his CPF savings. And she now doesnt know where to put this money which has similar safe and high returns at around 2.5 to 5 percent.

food for thought! But good question.

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Luke Ho

07 Jun 2019

Founder and Director at CFX Money Maverick Pte Ltd

Well it's not like Social Security...that's very much the exact structure he was talking about and pretty much a Ponzi Scheme...

it's understandable where he's coming from, though - but it doesn't make it true. There's a world of difference between it being invested safely and the measures in place to make sure its not a Ponzi scheme compared to the actual thing.

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Jason Sing

30 Nov 2018

School Of Hard Knocks And Life at School Of Hard Knocks And Life

It is not a Ponzi Scheme. The cpf funds are managed and invested by Temasek and GIC. ...

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