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A comment on America vs. Singapore: You Can't Save Your Way Out of Economic Shocks. Parent comment

Re:America vs. Singapore: You Can't Save Your Way Out of Eco... by djtango on Thursday February 19, 2026 @10:17PM (#47083235)
You don't pay CPF unless you have Permanent Residence/Citizenship so there isn't any mandatory saving for migrant workers (both low income unskilled and high income skilled labour) AFAIK?
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Re:America vs. Singapore: You Can't Save Your Way Out of Eco... by notahacker on Friday February 20, 2026 @07:33AM (#47087218)
Yep. As someone who worked on an EP, the difference was that I paid a low rate of tax that didn't contribute towards Singaporeans' retirement income, whereas a Singaporean living in Europe would pay a higher rate of tax that contributed towards Europeans' retirement income
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