MHA reaction after Kovan double murder

HellAngel · Jul 16, 2013

As usual there will be knee-jerk reaction within the Ministry. CP is taking the whole incident rather personal as the suspect is a man under his charge. Despite following the current procedure for officers who has becomes security threat due to financial problem, this happened.

They are thinking of conducting a mass clean-up and getting all officers to declare their financial status and those of their immediate family (e.g. including wife and children).

All those who had previously falsely declared their finanical status will be taken to task and possibly terminated.

People should just learn to live within their means.

saratogas · Jul 16, 2013

Another useless paper to fill in... So what if a guy has serious finanical problem!? No need to work or cannot carry gun but still get paid$$$...

kingrant · Jul 16, 2013

Declaration of indebtedness is useless. If I owe $50 to my brother, so what? Does that mean I cannot repay him? When is the tipping point? Like this chap, Iskandar. He owed $62K to a bank but if he is repaying albeit not paying up fully his instalments, what does it have to mean? Do you dismiss him when he needed the job most?

I guess the system means that unless you are too big to fail, you cant owe even $1 to anybody. Big banks fail and get bailed out routinely by the taxpayers. Now one taxpayer owes a little, we all want to descend on him like a ton of bricks. Why cant the bank reschedule? Aftre all, OCBC is such a big fucking bank.

IamTiong · Jul 16, 2013

Policeman pay must be peanuts!

aerobwala · Jul 16, 2013

May be all should remunerated in millions of "$" to maintain financial independence.

BuiKia · Jul 16, 2013

The form is something like this?

http://nieportal.nie.edu.sg/ADI2011.pdf

BuiKia · Jul 16, 2013

it means:

An officer is considered to be financially embarrassed if:
(a) he is an undischarged bankrupt; or
(b) he signs a promissory note or an acknowledgement of indebtedness which goes against
paragraph L102; or
(c) at any time his total unsecured debts and liabilities are more than 3 months of his pay; or
(d) he is reported to be a judgment debtor.

kingrant said:
Declaration of indebtedness is useless. If I owe $50 to my brother, so what? Does that mean I cannot repay him? When is the tipping point? Like this chap, Iskandar. He owed $62K to a bank but if he is repaying albeit not paying up fully his instalments, what does it have to mean? Do you dismiss him when he needed the job most?

I guess the system means that unless you are too big to fail, you cant owe even $1 to anybody. Big banks fail and get bailed out routinely by the taxpayers. Now one taxpayer owes a little, we all want to descend on him like a ton of bricks. Why cant the bank reschedule? Aftre all, OCBC is such a big fucking bank.

IamTiong · Jul 16, 2013

Wont this drive mata to borrow from ah long instead of bank?

BuiKia · Jul 16, 2013

If he cannot then get the wife to borrow loh.

IamTiong said:
Wont this drive mata to borrow from ah long instead of bank?

Troll · Jul 16, 2013

Let say you owe $62K to bank, and are obliged to pay minimum 3% per month, this works out to be about $1800. For a SSgt earning maybe $4k per month - gross I presume, the weight of this debt is going to hit him like a ton of bricks.

kingrant · Jul 16, 2013

And what does L102 say?

BuiKia said:
it means:

An officer is considered to be financially embarrassed if:
(a) he is an undischarged bankrupt; or
(b) he signs a promissory note or an acknowledgement of indebtedness which goes against
paragraph L102; or
(c) at any time his total unsecured debts and liabilities are more than 3 months of his pay; or
(d) he is reported to be a judgment debtor.

BuiKia · Jul 16, 2013

I dunno. I just copy and paste it from the link.

I think it is stated in the IM. Where to get it?

kingrant said:
And what does L102 say?

Unrepented · Jul 16, 2013

They only allow people to be in debt for a 30 years debt that they created for you......hdb loan is ok. Overspending to buy a pigeon hole is ok, but one cannot "overspend" on other things.

kingrant said:
Declaration of indebtedness is useless. If I owe $50 to my brother, so what? Does that mean I cannot repay him? When is the tipping point? Like this chap, Iskandar. He owed $62K to a bank but if he is repaying albeit not paying up fully his instalments, what does it have to mean? Do you dismiss him when he needed the job most?

I guess the system means that unless you are too big to fail, you cant owe even $1 to anybody. Big banks fail and get bailed out routinely by the taxpayers. Now one taxpayer owes a little, we all want to descend on him like a ton of bricks. Why cant the bank reschedule? Aftre all, OCBC is such a big fucking bank.

Unrepented · Jul 16, 2013

Does a loan taken out to buy a pigeon hole from hdb satisfy item (C)?

BuiKia said:
it means:

An officer is considered to be financially embarrassed if:
(a) he is an undischarged bankrupt; or
(b) he signs a promissory note or an acknowledgement of indebtedness which goes against
paragraph L102; or
(c) at any time his total unsecured debts and liabilities are more than 3 months of his pay; or
(d) he is reported to be a judgment debtor.

BuiKia · Jul 16, 2013

Under Instruction Manual 2 paragraph L102, an officer may not sign a promissory note or
an acknowledgement of indebtedness in any form either as a principal or surety. But this does
not apply to:
(a) money borrowed with enough land or a house as security;
(b) bank overdrafts;
(c) loans from insurance companies with insurance policies as security;
(d) loans from Government, Co-operative Societies or Building Societies;
(e) money borrowed on personal belongings pledged in pawnshops;
(f) money outstanding under hire-purchase agreements;
(g) study loans granted by recognised local institutions of higher learning to their
students (e.g. Singapore Polytechnic Students' Loan Fund); or
(h) renovation loans granted by any bank.

Unrepented said:
Does a loan taken out to buy a pigeon hole from hdb satisfy item (C)?

no_life_boy · Jul 16, 2013

Troll said:
Let say you owe $62K to bank, and are obliged to pay minimum 3% per month, this works out to be about $1800. For a SSgt earning maybe $4k per month - gross I presume, the weight of this debt is going to hit him like a ton of bricks.

Very sad hor only $4k per month after 14 yrs of service! SSgt some more.

BuiKia · Jul 16, 2013

i was reading the requirement and it seems there is less requirement for MPs than civil servants.

MP no need to declare the number of property he owns, the share he has, etc.

no_life_boy · Jul 16, 2013

BuiKia said:
i was reading the requirement and it seems there is less requirement for MPs than civil servants.

MP no need to declare the number of property he owns, the share he has, etc.

MP can hold other job but not civil servants. Why?

Time to reveal...

wendychan · Jul 16, 2013

Unrepented said:
They only allow people to be in debt for a 30 years debt that they created for you......hdb loan is ok. Overspending to buy a pigeon hole is ok, but one cannot "overspend" on other things.

Absolutely true, and there is this rule that if you want to take CPf For housing, you MUST Get a loan first, if not cannot extract one single cent from CPF?.. WTF.
and i know its true coz it happen to me
So i also in debt just coz i want to use my little CPF

wendychan · Jul 16, 2013

BuiKia said:
i was reading the requirement and it seems there is less requirement for MPs than civil servants.

MP no need to declare the number of property he owns, the share he has, etc.

MP salary alreay super big by average standards.and most MPs have a day job with another income

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