| The Singapore government can consider partially pegging the interest rate paid by the Central Provident Fund (CPF) Ordinary Account (OA) to returns generated by sovereign wealth fund GIC, an academic has suggested.
National University of Singapore (NUS) economics associate professor Chia Ngee Choon acknowledged that GIC returns are already distributed to Singaporeans indirectly through, for example, Budget top-ups to CPF accounts. But linking GIC to the CPF OA interest rate allows for a more direct channel for Singaporeans to enjoy GIC returns should the fund do well, she said...............................................Full Article: Source
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