Hey dude, dont forget the $1.2K or $1.9K payout is today's dollars and the gahmen didnt say it will keep pace with inflation when you hit 65, a good 15 to 20 years away?

I copied the below from: ://.salary.sg/

"The following are the official annual CPI inflation rates for Singapore since 1980, published by The Department of Statistics (government agency).

How is your salary affected by inflation?

Inflation figures:
1980 to 1989: 8.5% 8.2% 3.9% 1.2% 2.6% 0.5% -1.4% 0.5% 1.5% 2.4%
1990 to 1999: 3.4% 3.4% 2.3% 2.3% 3.1% 1.7% 1.4% 2% -0.3% 0%
2000 to 2009: 1.3% 1% -0.4% 0.5% 1.7% 0.5% 1% 2.1% 6.6% 0.6%
2010 to 2014: 2.8% 5.2% 4.6% 2.4% 1%

Each number may not seem high, but over the years, the numbers have a cumulative effect that is significant enough to surprise people.

For example, a starting pay of $3,000 in 2014 is equivalent to just $2,307 ten years earlier. A wealth of $1 million in 2014 is worth less than $740k fifteen years earlier.

What you earn now can’t buy you as many things as before if you made the same amount".

So for those retirees still staying in condos, the $1.2k payout per month may just be enough to pay for their monthly maintenance bill 20 years down the road!