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424405 results found for: subcontractors owed for t4 works to get back 25 after court approves payout scheme
Article Over 400 investors turn up for meetings on Hyflux rescue deal
By: GRACE LEONG BUSINESS CORRESPONDENT AND AW CHENG WEI,   The Straits Times  The Straits Times  (BUSINESS)  21/01/2020
These investors belong to a group of unsecured senior creditors who are owed $265 million. This comprises $100 million, 4.25 per cent notes due in 2018; the $65 million, 4.6 per cent notes due last year; and the $100 million, 4.2 per cent notes due last year.   (908 words)
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Article News analysis Will Utico's rescue deal for Hyflux secure enough votes?
By: GRACE LEONG BUSINESS CORRESPONDENT,   The Straits Times  The Straits Times  (BUSINESS)  28/01/2020
Where it gets tricky is getting the schemes of arrangement approved by at least 75 per cent in value of claims, Utico chief executive Richard Menezes said. This may not be easy as 15 per cent of investors who had invested more than $150,000 stand to recover only about 7 per cent, and may therefore not vote in favour, he added.   (1014 words)
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Article CPF Board refutes claims that payout age raised
By: ADRIAN LIM,   The Straits Times  The Straits Times  (TOP OF THE NEWS)  20/01/2019

The CPF Board said that before this, some members did not start their monthly payouts even after age 70, as they did not apply to start their Retirement Sum Scheme payments.   (464 words)
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Article 60,000 people to get higher RSS payouts
By: CHOO YUN TING,   The New Paper  The New Paper  (NEWS)  05/11/2019
Under the new rules, his payout will increase to $520 but end at age 90, after 25 years. She noted that under the new rules, RSS payouts will cover the life expectancy of about two in three members. Those who wish to guarantee that they will not outlive their payouts have the option of joining CPF Life before they turn 80, Mrs Teo added.   (541 words)
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Article Live long and prosper with CPF Life
By: DENNIS CHAN,   The Straits Times  The Straits Times  (INVEST)  24/02/2019
Small Change While I prefer the old scheme's 20-year fixed payout, it's CPF Life that will provide me a monthly income for as long as I live
Ten years ago, the Central Provident Fund (CPF) Board introduced CPF Life after studies showed that Singaporeans were living longer and longer, with many past age 85 when their monthly retirement payout would   (1226 words)
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Article Escalating Plan an option for CPF Life members
By: LORNA TAN INVEST EDITOR,   The Straits Times  The Straits Times  (INVEST)  16/12/2018
HOW TO GET A HIGHER STARTING PAYOUT UNDER ESCALATING PLAN
The CPF Board advises members who want to get a higher initial payout under the Escalating Plan to delay their payout start age, or top up their CPF Life premiums.
Starting later allows you to enjoy permanent payouts of up to 7 per cent higher for every year deferred.   (1423 words)
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Article Higher payouts for 60,000 on Retirement Sum Scheme
By: CHOO YUN TING,   The Straits Times  The Straits Times  (PARLIAMENT)  05/11/2019
Under the new rules, his payout will increase to $520 but end at age 90, after 25 years. She noted that under the new rules, RSS payouts will cover the life expectancy of about two in three members. Those who wish to guarantee that they will not outlive their payouts have the option of joining CPF Life before they turn 80, Mrs Teo added.   (637 words)
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Article Man admits to being prime mover of PIC scam
By: SHAFFIQ ALKHATIB,   The Straits Times  The Straits Times  (HOME)  02/03/2018

He was offered bail of $30,000 and will be back in court on April 17.
ashaffiq@sph.com.sg   (565 words)
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Article Help your parents score their retirement goals
By: LORNA TAN INVEST EDITOR,   The Straits Times  The Straits Times  (INVEST)  29/07/2018
For example, by topping up $70,000 in January, the interest amounts to $21,574 after 10 years, which works out to be 20 per cent higher than the $17,802 interest generated over the same period for topping up $70,000 in December.
So don't procrastinate and wait until the end of the year. Strike now!   (1580 words)
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Article Minister gives details of CPF retirement payouts
By: LINETTE LAI POLITICAL CORRESPONDENT,   The Straits Times  The Straits Times  (HOME)  20/02/2019
For Life or Retirement Sum schemes, 75% receive under $500 a month but younger cohorts expected to get more Nearly three-quarters of those getting monthly payouts from the Central Provident Fund (CPF) Life scheme or Retirement Sum Scheme receive less than $500 a month, said Manpower Minister Josephine Teo.   (450 words)
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