According to an insider, the CPF does not have enough funds to disburse to everyone

[nabeifuckpap]

Migrate to withdraw all CPF money, useless system that doesn't serve any purpose other than to buy toilet bowl size HDB

 

[winnipegjets]

Its balance is roughly only 23.5billion……you heard it first here on sammyboy.

Sinkapore has more than $500 billion in reserves ...no worries. Sinkees should continue spending and overpay for HDB flats.

 

[rodent2005]

you must be out of your mind if you volunteer to put money in cpf .........

If CPF got no money to pay depositors, then it means Singaoore economy very bad shape until die already, so take out money from CPF also become worthless.

 

[eatshitndie]

no worries lah. it’s not like every sinkie will withdraw all balances at one go. it’s impossible.

 

[Papsmearer]

Economies are based upon market confidence, as well as pragmatic policies to obtain revenues for a nation's social expenditure/budget.

Thus, if ANYONE whom claims to be in the know of such movements, such is INSIDER information - which may be TRUE or FALSE, as such a person's claim WOULD NOT BE VERIFIABLE as it is done in anonymity, & worse would be that the naive who believes such unsubstantiated claims & makes BAD judgements based upon such unvalidated data, or be made used by others with hidden corrosive agendas.,..A criminal offense amounting to TREASON.

So, do not be a complicit in treasonous activities. It is not worth it as it carries capital punishment, UNLESS that person whom initiated such rumours comes forward & present verified data & information.

So far, no citizen has been rejected for any eligible withdrawals. Thus the rumour is FALSE.

a)Singapore's GDP is $397 Billion growing annually.

b)It's tax revenue amounted to $68 Billion, financial year 2023, & spends only a needed & substantial amount of 75% of it for social expenditure -est $51 Billion - with $17 Billion in savings, which increases every year. With just simple calculations, that amount would grow to $170 billion in just a mere 10 yrs. Singapore has lasted more than 50 yrs already. So do the maths on how much is in the treasury from tax revenues alone, which DOES NOT include CPF contributions...

c)Only est 717.000 of citizens are aged 65 & above in 2023, eligible for CPF withdrawals, out of 3.5 Million working adults including foreigners, of which whom are contributing to CPF monthly.

Do your own homework, so as not be fooled or misused by others....

Here comes the PAP cocksucker coming into an oppo site and talking shit. How much of our taxpayer money was wasted on you? Come and tell us us now. Are u even singaporean? The statement is factually correct. CPF does not have enough funds to pay all it's contributors back. CPF owes it's contributors $563 billion. On a good day, it has less then $800 million in cash and liquid holdings. If CPF were to be dissolved tomorrow and all the funds returned to it's contributors, there is not enough money to pay them back. CPF holds hard assets, real assets, and long term assets that it has to liquidate in order to pay it all back. This will take time and it will devalue their holdings. They need a funds inflow from MAS to give all the money back. So, TS is right, you cunt.

 

[GOD IS MY DOG]

Its balance is roughly only 23.5billion……you heard it first here on sammyboy.

when i was 18yo, i thought about CPF for the 1st time...............and i knew it was a blackhole...............paying compound interests on a principal sum that's growing by the month..............impossible situation

and how much money Temasek and GIC lost all these decades ??..................interests on our national debt ??

 

[k1976]

Which bank in the world has enough money to give depositer back their money now ??

That is why need "derivatives" instruments mah

 

[k1976]

Sinkapore has more than $500 billion in reserves ...no worries. Sinkees should continue spending and overpay for HDB flats.

Then jiu huat la huat la ler