Jamus Lim proposes CPF escrow scheme to level the playing field for local workers скачать в хорошем качестве

Jamus Lim proposes CPF escrow scheme to level the playing field for local workers

MP Jamus Lim spoke in Parliament on 6 March 2025, addressing concerns over the competition between foreign and local workers in Singapore. He highlighted frustrations from Singaporeans who feel foreign hires have an unfair advantage due to lower salary expectations and employer preferences. Lim noted that while the government has introduced measures like the Fair Consideration Framework and foreign worker quotas, these have not fully reassured locals. He proposed a new solution—placing CPF-equivalent contributions for foreign workers into an escrow account, which would be returned when they leave Singapore. This approach, already used in countries like Saudi Arabia and the UAE, would help level the playing field between local and foreign hires by narrowing wage disparities. He urged the government to consider this policy to promote fairer hiring practices. #Singapore #JamusLim #CPF #ForeignWorkers #Employment #Parliament