SINGAPORE, May 1 (Reuters) - Bosses in Singapore will have to pay an additional 1 percent of salary to their employees' pension plan to raise the amount of savings available to people in their old age, Prime Minister Lee Hsien Loong said on Saturday. He said employers face a 0.5 percentage point increase in their contribution to the Central Provident Fund (CPF) in September, with the other 0.5 percentage point rise taking effect in March 2011, according to local media reports. Full StoryRelated:
CPF Contribution for Workers Raises in Singapore - TopNews Singapore
Singapore Increases Employer CPF Contribution By 1% - Gov Monitor
