Bosses, if you're looking to trim operating costs, forget about reducing your CPF contributions to employees.
There are other methods to employ to keep your company in the black, according to Minister Lim Boon Heng: "Bonuses can be cut. The MVC can also be cut if needed. Other measures include a shorter work-week with corresponding reductions in wages."
Perfectly fine measures, it seems, especially when we've all established that employees would rather lose digits from the paycheck than lose our jobs. And of course we should all be thankful for it.
"This is our advantage," he adds, knowing of no other countries with "such a range of options open to employers."