SINGAPORE – A TikTok user known as dr.ishhaq.jay has been issued a correction notice for the second time in a week under the Protection from Online Falsehoods and Manipulation Act (Pofma).
In a statement on Sunday, the Ministry of Manpower (MOM) said the user falsely claimed in a post published on Aug 12 that low- and middle-income members of the Central Provident Fund (CPF) who had used their CPF monies to repay their Housing Board (HDB) loans were incapable of meeting either the Basic Retirement Sum (BRS) or Full Retirement Sum (FRS).
Contrary to the user’s claim, the CPF Board’s data indicated that almost seven in 10 active CPF members managed to set aside their cohort’s BRS at the age of 55 in 2022. This included members earning below the median income for those aged 55 in 2022, who had used their CPF savings to repay housing loans. The ministry expects the proportion of active CPF members able to set aside their cohort’s BRS at 55 to rise to about eight in 10 by 2027.
Manpower Minister Tan See Leng instructed the Pofma Office to issue a correction direction to the TikTok user and a targeted correction direction to TikTok under the Pofma 2019 Act, regarding the false statement.
The ministry further clarified that the Government has been enhancing the CPF system over the years to benefit those who require more support. For instance, an additional 1 per cent interest is provided for the first $60,000 of members’ combined CPF balances, and an extra 1 per cent for the...
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