Troubling part of Gay Loong's NDP message

[Papsmearer]

Other than the lie about the govt. helping u to save for your retirement (if they were really helping you, why do they only give you 2.5% interest on your savings when they are supposedly earning so much more using your money?).

So, gay Loong is now saying that the HDB flat and the CPF are key ways to fund retirement? WTF. If you need to sell your flat to fund your retirement, than obviously the current CPF is not working and is a failure. No other country requires their citizens to sell their homes to fund their retirement. CPF was set up to fund retirement, simple as that. I am not aware until his speech that we have a dual retirement program in singapore. So, Gay loong is now saying that CPF by itself is not enough, and must cash out HDB flat to fund retirement? Where will you live after cashing out of your HDB flat? On the streets? In some nursing home in Johore? If I stay in my HDB for 50 years and than cash out of it to fund my retirement, how much is it worth? How much is a 50 year old flat worth? If I bought the flat as a resale when it was 15 years old at the start of my working life, and I now lived in it for 50 years, the flat will be worth what at 65 years of age?. How much can I get for it? Not much, I suspect, with only 34 years remaining on the lease. No banks would finance any purchasers because the flat is so old. And lets not forget that if you cash out of the flat, not all the funds go to you. U have to split it with your spouse, so only half the funds is yours. the higher income earner in the family will have the higher CPF amount in his account and half the proceeds of the flat sales. The lower earner (maybe the homemaker) may not be able to survive retirement based on half the proceeds of the flat sales and a small CPF balance.

His statement indicates that the PAP have pretty much given up on CPF as the retirement program that it was designed to be. After depleting the CPF by allowing withdrawals for deposits and monthly payments for overpriced flats, and coupled with low interest rates, CPF is just a hollow shadow of what it is supposed to be. There are many alarming questions that he raises. The "convenient" way for retirees to cash out of their flat in a "prudent and sustainable way" sounds ominous. Get ready for some PAP hare brained scheme to fuck around with your flat soon.

Your government is also helping you to save enough for retirement. Our population is ageing, and our seniors have fewer family members to support them. They need peace of mind in their silver years. They want to be assured that they can retire happily after a lifetime of hard work.

Singaporeans know that they have to prepare for retirement. People are working longer and saving more. For most of you, your HDB flat and CPF savings are key ways to fund your retirement. The HDB flat has allowed Singaporeans to build a home, and to grow a valuable nest egg for old age. Your flat is an asset which appreciates as Singapore prospers. My team is studying how to make it more convenient for retirees to get cash out of your flats, in a prudent and sustainable way.

Besides your flat, the CPF has helped you to save for your old age. It ensures you have a stream of income in retirement. The scheme works well for many of you, but it can be improved. I will be speaking about this at the National Day Rally next weekend.

 

[Leckmichamarsch]

The most troubling part is his total lack of empathy and self awareness.

...........& his acknowledgement that PAPigs fucked you up without providing solutions

 

[Leongsam]

My home and my CPF funds set me up for early retirement.

 

[dr.wailing]

The most troubling part is his total lack of empathy and self awareness.

His favorite dish "mee siam mai hum" is a giveaway.

 

[laksaboy]

His favorite dish "mee siam mai hum" is a giveaway.

Chicken wing also mai hum.

 

[tanwahtiu]

to add insult to the injury, Old fart set us up before he dies.

You can bet he did this on purpose. This old fart is evil and venomous person.

Fuck PAP.

Other than the lie about the govt. helping u to save for your retirement (if they were really helping you, why do they only give you 2.5% interest on your savings when they are supposedly earning so much more using your money?).

So, gay Loong is now saying that the HDB flat and the CPF are key ways to fund retirement? WTF. If you need to sell your flat to fund your retirement, than obviously the current CPF is not working and is a failure. No other country requires their citizens to sell their homes to fund their retirement. CPF was set up to fund retirement, simple as that. I am not aware until his speech that we have a dual retirement program in singapore. So, Gay loong is now saying that CPF by itself is not enough, and must cash out HDB flat to fund retirement? Where will you live after cashing out of your HDB flat? On the streets? In some nursing home in Johore? If I stay in my HDB for 50 years and than cash out of it to fund my retirement, how much is it worth? How much is a 50 year old flat worth? If I bought the flat as a resale when it was 15 years old at the start of my working life, and I now lived in it for 50 years, the flat will be worth what at 65 years of age?. How much can I get for it? Not much, I suspect, with only 34 years remaining on the lease. No banks would finance any purchasers because the flat is so old. And lets not forget that if you cash out of the flat, not all the funds go to you. U have to split it with your spouse, so only half the funds is yours. the higher income earner in the family will have the higher CPF amount in his account and half the proceeds of the flat sales. The lower earner (maybe the homemaker) may not be able to survive retirement based on half the proceeds of the flat sales and a small CPF balance.

His statement indicates that the PAP have pretty much given up on CPF as the retirement program that it was designed to be. After depleting the CPF by allowing withdrawals for deposits and monthly payments for overpriced flats, and coupled with low interest rates, CPF is just a hollow shadow of what it is supposed to be. There are many alarming questions that he raises. The "convenient" way for retirees to cash out of their flat in a "prudent and sustainable way" sounds ominous. Get ready for some PAP hare brained scheme to fuck around with your flat soon.

Your government is also helping you to save enough for retirement. Our population is ageing, and our seniors have fewer family members to support them. They need peace of mind in their silver years. They want to be assured that they can retire happily after a lifetime of hard work.

Singaporeans know that they have to prepare for retirement. People are working longer and saving more. For most of you, your HDB flat and CPF savings are key ways to fund your retirement. The HDB flat has allowed Singaporeans to build a home, and to grow a valuable nest egg for old age. Your flat is an asset which appreciates as Singapore prospers. My team is studying how to make it more convenient for retirees to get cash out of your flats, in a prudent and sustainable way.

Besides your flat, the CPF has helped you to save for your old age. It ensures you have a stream of income in retirement. The scheme works well for many of you, but it can be improved. I will be speaking about this at the National Day Rally next weekend.

 

[tanwahtiu]

next time if you see this clown at places where he should not be, tell him to leave asap.

He is endanger commoners life when he around in public places where he should not be.

Potential assassination of VIP office holder is imminent.

Chicken wing also mai hum.

 

[winnipegjets]

Sinkees have been hoodwinked into paying 3X more on their flats because of the CPF. As long as sinkees don't have to put money out from their salary - deductions made from CPF - the meteoric price increase of HDB flats didn't bother them as much.
As more sinkees are nearing retirement age, the low balance in their CPF is starting to shock them. Why after saving 50 percent of their pay, they have so little left in retirement funds?

In most developed countries, 25 percent of income is allocated to pay for mortgage and that is usually paid off within 20-25 years. 5 percent is deducted for retirement pension which pays about $1k a month from age 65 till death, indexed to inflation. Most will allocate another 10-15 percent savings for retirement.

Using only 30 percent of income to have a house and pension to cover 25 percent of working income.

Sinkees need to see how they have been ripped off!

 

[po2wq]

... So, gay Loong is now saying that the HDB flat and the CPF are key ways to fund retirement? ...

he's toking 2 his cronies n elites ... u can b sure dey haf their hdb n ezily a couple of condos ... dey can juz let go their hdb 2 fun 4 their retiremen ...

 

[escher]

to add insult to the injury, Old fart set us up before he dies.

You can bet he did this on purpose. This old fart is evil and venomous person.

Fuck PAP.

That smear of shit on sole of shoe LKY is fucking evil.
He should not be allowed to die in bed

THAT BASTARD SHOULD BE DRAGGED OUT OF HIS BED OR WHEEL CHAIR WITH THAT UGLY RED WHITE FLAG AROUND HIS NECK AND SET ON FIRE
THEN DANGLE HIM UNDER LAMP POST TO KICK AND DANCE

WE YUM SENG BELOW




They continue to laugh all the way to their banks
And all the way back from their banks

HA HA HA HA
HEE HEE HEE HE HEEEE
HOO HO HOOO HO HO

Hang those PAP maggots cockroaches with piano wires from lamp posts to make them dance before it is too late and we have no more CPF to get back.
BBQ those PAP maggots cockroaches before it is too late and we have no more CPF to get back.
Cut a few more arseholes into those PAP maggots cockroaches to let out their shit before it is too late and we have no more CPF to get back.
Make those PAP maggots cockroaches eat joss sticks and candle wax before it is too late and we have no more CPF to get back.

PAP is finished.
The stinking glue and terror that hold PAP together is that old fart smear of shit on sole of shoe LKY. LKY is about to die in days or weeks.
LKY will never allow good decent people into the PAP and good decent people will not want to get into the PAP. Those in PAP are the most corrupt and moral degenerates and moral bankrupts and moral filths that are being presented to stinkaporeans as moral compasses.
None of those in PAP work for anyone but that smear of shit on sole of shoe LKY, to help him hold down Singaporeans to screw and fuck hundreds of BILLIONs from us all into smear of shit on sole of shoe LKY stinkapore sovereign funds.
Maggots and cockroaches are appointed as ministers in parliament
Kangaroos are frolicking in High Court instead of being allowed to wander and roam about in the Zoo
They are there in PAP because LKY know that they are a bunch of self serving greedy bastards and scrapings of scums of society. To call them maggots cockroaches will be to insult real maggots and real cockroaches.



WE ALL ARE NOW WAITING FOR THE DEATH OF LKY IN COMING DAYS OR WEEKS.
WE ALL WILL YUM SENG AND YUM SENG AND YUM SENG AGAIN AND AGAIN DANCING SINGING ON TABLE TOPS AND STREETS
WE THEN WILL SEE THOSE IN PAP WITH SHARPENED KNIVES HOOTING ARSEHLOON A DOZEN NEW ARSEHOLES AND THE DEATH OF THE ENTIRE LEE KWA CLAN
WE THEN WILL PICK UP PIANO WIRES AND HANG ALL THOSE REMAINING PAP AND THEIR COLLABORATORS FROM LAMP POSTS AND SEE THOSE BASTARDS AND BITCHES DANCE.
AND HAPPINESS WILL RETURN TO OUR LAND.
AND STINKAPORE WILL BECOME SINGAPORE ONCE MORE.
https://www.torproject.org/about/overview.html.en

 

[Papsmearer]

he's toking 2 his cronies n elites ... u can b sure dey haf their hdb n ezily a couple of condos ... dey can juz let go their hdb 2 fun 4 their retiremen ...

His cronies and elites already got shiok shiok pension plans, they donch need to sell anything to retire.

 

[Papsmearer]

Sinkees have been hoodwinked into paying 3X more on their flats because of the CPF. As long as sinkees don't have to put money out from their salary - deductions made from CPF - the meteoric price increase of HDB flats didn't bother them as much.
As more sinkees are nearing retirement age, the low balance in their CPF is starting to shock them. Why after saving 50 percent of their pay, they have so little left in retirement funds?

In most developed countries, 25 percent of income is allocated to pay for mortgage and that is usually paid off within 20-25 years. 5 percent is deducted for retirement pension which pays about $1k a month from age 65 till death, indexed to inflation. Most will allocate another 10-15 percent savings for retirement.

Using only 30 percent of income to have a house and pension to cover 25 percent of working income.

Sinkees need to see how they have been ripped off!

The problem is that the stupid sinkies and their financial advisors have been conned into using their retirement finds to pay for their day to day living expenses like rent. That is why they have nothing left.

 

[laksaboy]

If you think the National Day message was bad, wait till you see the National Day Rally speech this weekend. Plenty of catchphrases, feel-good adjectives, vague/empty promises, and of course, sucking up to the PIONEER GENERATION.

 

[jw5]

For those who find it disgusting to look at sycophants nodding seriously at motherhood statements and laughing uncontrollably at lame jokes, BPL begins this weekend.

Woo Hoo! :p

If you think the National Day message was bad, wait till you see the National Day Rally speech this weekend. Plenty of catchphrases, feel-good adjectives, vague/empty promises, and of course, sucking up to the PIONEER GENERATION.

 

[rushifa666]

If you think the National Day message was bad, wait till you see the National Day Rally speech this weekend. Plenty of catchphrases, feel-good adjectives, vague/empty promises, and of course, sucking up to the PIONEER GENERATION.

Apparently they remembered the pioneers so well that they waited till many of them had died and near the next GE to reward them