CIVIL SERVANTS (Conversion to Central Provident Fund Scheme)

Mr Sia Khoon Seong asked the Minister for Finance whether the Government intends to mount another exercise to convert all civil servants on the pension scheme to the Central Provident Fund Scheme, and whether he will assure civil servants on the pension scheme that they will retain their right of option if and when such a conversion exercise is mounted.

The Minister for Finance (Dr Richard Hu Tsu Tau): Mr Speaker, Sir, the answer to both questions is "Yes". Details of the conversion exercise will be announced by my Ministry as soon as they have been finalised.