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1. LS (lain@lain.com)'s status on Tuesday, 19-Mar-2024 05:56:52 JST LS
   I did a calculation the other day, how much money would a fund have if Germany had invested 10% of the retirement money instead of spending it all immediately. Stay tuned but I can tell you things would be more peaceful.
   • cell (cell@pl.ebin.zone)'s status on Tuesday, 19-Mar-2024 06:12:03 JST cell

     in reply to
     @lain wait, here pension money goes into and gets invested by a sovereign wealth fund
     how does it work over there :cat_eyeonyou:
   • LS (lain@lain.com)'s status on Tuesday, 19-Mar-2024 06:12:03 JST LS

     in reply to

     • cell
     @cell money in = money out same year
   • LS (lain@lain.com)'s status on Tuesday, 19-Mar-2024 06:23:11 JST LS

     in reply to

     • cell
     @cell it goes right to the old people, there’s no saving along the way
   • cell (cell@pl.ebin.zone)'s status on Tuesday, 19-Mar-2024 06:23:12 JST cell

     in reply to
     @lain but you guys tax so much, where is that money heading to??
     
     for here:
     “CPF monies are invested by the CPF Board (CPFB) in Special Singapore Government Securities (SSGS) that are issued and guaranteed by the Singapore Government. This arrangement assures that the CPF Board will be able to pay its members all their monies when due, and the interest that it commits to pay on CPF accounts.
     
     This is a solid guarantee. The Singapore Government is one of the few remaining triple-A credit-rated governments in the world. The proceeds from SSGS issuance are invested by the Government via MAS and GIC, just as it invests the proceeds from the market-based Singapore Government Securities (SGS).
     
     No CPF monies go towards government spending. Government borrowings from SGS and SSGS cannot be used to fund expenditures. Under the Government Securities Act (enacted in 1992), the monies raised from SGS and SSGS cannot be spent.”