Workers' Rights: How I Was Once Wrongfully Denied My CPF Monies

Well, this is a surprising article. Can this kind of ‘creative accounting’ happen in Singapore ? Employees beware. And share this with as many people as possible so that nobody is taken for a ride.

Working With Grace

Here is one Ministry of Manpower TV advert that I can totally relate to:

Before I quit my job to pursue blogging as a career, I was doing pretty well in a local training company. At age 24, my annual income was S$114,000. Much of it came from commissions as I was the salesperson for a kids’ training programme.

The company has this (very strange) policy of not paying out CPF monies on commissions. So, what this meant was that the company would pay the ’employer CPF contributions’ only on the (fixed) basic salary portion. As for the commissions (the bulk of my salary), BOTH the employee and employer’s CPF contributions would come from my salary. Hence, I took home less than what was stated on paper.

Some would call this “creative accounting”.

In the eyes of the law, it is wrong.

After I left the company, I sought…

View original post 655 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s