I am all in favour of transparency and accountability and the need for more information about the way the CPF works. It’s such a complicated affair and it’s really the G’s fault that it can’t explain it simply and clearly, leaving room for speculation. Perhaps, the information is already somewhere in the public domain and people have yet to search them out or simply can’t understand what they read.
Then I hear Mr Roy Ngnerg talking about how some sites changed what they said about CPF management very recently – not good. People would think there was something wrong in the first place (and it might just be from sheer carelessness) or that there was something that must be hidden from public eye. The G really needs to take its “whole of Government’’ approach a step up and look at how policies are being explained by its different agencies.
Then there is the question of a protest being “one way’’. I hear Mr Leong Sze Hian talking about an Enhanced CPF nomination scheme that hasn’t been made public despite its introduction a few years ago. This scheme allows you to say that your CPF will go to your beneficiaries’ CPF account, rather than as cash. There was a lot of righteous booing but what wasn’t made clear was that CPF members still have a choice in deciding how to will their CPF – whether as cash or to CPF accounts.
Then you have speakers talking about the CPF interest rate being so low, as compared to other pension funds ecetera. I know the G has explained the links but you know what? People simply cannot understand what it is saying, even if they want to. There is, for example, an interesting graphic in the Business Times explaining the different rates in the Ordinary accounts etc…but how many people read BT? It’s just too....
http://berthahenson.wordpress.com/2014/06/09/are-you-all-worked-up-yet/
Then I hear Mr Roy Ngnerg talking about how some sites changed what they said about CPF management very recently – not good. People would think there was something wrong in the first place (and it might just be from sheer carelessness) or that there was something that must be hidden from public eye. The G really needs to take its “whole of Government’’ approach a step up and look at how policies are being explained by its different agencies.
Then there is the question of a protest being “one way’’. I hear Mr Leong Sze Hian talking about an Enhanced CPF nomination scheme that hasn’t been made public despite its introduction a few years ago. This scheme allows you to say that your CPF will go to your beneficiaries’ CPF account, rather than as cash. There was a lot of righteous booing but what wasn’t made clear was that CPF members still have a choice in deciding how to will their CPF – whether as cash or to CPF accounts.
Then you have speakers talking about the CPF interest rate being so low, as compared to other pension funds ecetera. I know the G has explained the links but you know what? People simply cannot understand what it is saying, even if they want to. There is, for example, an interesting graphic in the Business Times explaining the different rates in the Ordinary accounts etc…but how many people read BT? It’s just too....
http://berthahenson.wordpress.com/2014/06/09/are-you-all-worked-up-yet/
