Bloody NTUC wants Govt. to raise CPF.

[Papsmearer]

To be fair, I don't think people are saying we can retire with just our cpf savings. They should be a component of our retirement fund; but we are unable to get them out at 55 or even 62 to comfortably retire. Fact of the matter is, the money in cpf belongs to us so why can't we take them out when we retire?

Well, the govt's excuse is that they don't want you to squander it. They do not trust that you will know how to invest it, and that they will invest it for you. They conveniently do not tell you that no matter how you invest it, u are still likely to get more than the 1 or 2 % they used to give you. If they take your money and invest it for you, it follows that they should give u a better rate of return. The difference between the rate they make on your money (17% annually according to Temasick) and what they pay you (2.5%) for using your money, is called a hidden tax.

 

[zeddy]

CCB Ho Jinx must have told NTUC Cunt labour Leeders that she needed more money to fix her international gambling addiction thats why suddenly they are suggesting to raise CPF for older workers..

:oIo::oIo::oIo:

 

[Papsmearer]

CCB Ho Jinx must have told NTUC Cunt labour Leeders that she needed more money to fix her international gambling addiction thats why suddenly they are suggesting to raise CPF for older workers..

:oIo::oIo::oIo:

U got it right.

 

[halsey02]

They must be running out of money for GIC and Temasick to invest. Its really squeezing blood from a stone now.

The 60% are STONED....50 years..STONED!!....THE 450,000 will ensure the PAP survival...how many of the 450,000 are 60% "stoned'...if you take that figure..approximately 270,000....unless these people, suddenly woke up & realize that CPF IS THEIR MONEY...if not...we are not only squeezing blood from stones...we have STONED people, who gets squeezed everyday & is LOVING IT! :p