CPF Life Takes $1k From Elderly, But Pays Out Only $50 Per Month. My Goodness!

[makapaaa]

[h=1]SG TRUTH: BEWARE OF CPF LIFE SCAM[/h]
Post date:
25 May 2014 - 8:17am








From: yansimon52

This is to inform all CPF members should be very cautious when signing up for the so called CPF Life Scheme.

It is a big con scam.

I recently found out some elderly CPF members had money from their CPF retirement account deducted as "Annual Life Premium Deduction" ranging from hundreds to almost a thousands of dollars but the actual payout from the scheme is less than S$50 per month.

This is quite shocking because through out the whole CPF Life consultation exercise last year, the idea of having a annual premium deduction from CPF member's RA account as well as its quantum were not raised and consulted at all.

In addition, all CPF Life members were not informed of this "Annual Life Premium Deduction" when they sign up for it.

And the funniest thing is how could the quantum of CPF Life annual premium deduction be 10-100X more than its monthly payout ?

Logically, if the yearly premium is so high while the monthly payout is so low, though the scheme will run for 20 years or more, all 30,000 CPF Life members will eventually exhaust their RA account after several years of premium deductions where and how would CPF Life member received their monthly payout ?

To conclude, CPF Life is another screwed up money sucking game.

As I said....this is their (MIWs) con job of screwing you rubbish ppl...those with low CPF saving......to either give up your citizenship and stay elsewhere and die elsewhere...or you just lan lan let the govt siphon away your CPF over time...until you up the lorry. Don't ever dream of getting a well deserved 'rest and relax' twilight years after all those years of hard work you did for the country. In fact, this CPF Life scheme has hurt alot of those low income workers (whose saving range from $20K to $80K (with low CPF saving). They (CPF/govt) still got the cheek to tell you that for those with $80K cpf saving...you could used up 30K for your housing..to buy your so-called 'studio apt' for old folk .LOL...LOL...

On average those 1 rm 1 hall studio apt are selling at 70K to 80K...HDB already con you with this sort of high prices...so your 30K (plus need to top up in cash about 40K) plough into this studio apt (LOL) will lead you high and dry in your twilight years....lan lan until your up the lorry.

Well...our MIWs would tell you rubbish ppl that they wanted to make sure or to take care of you of your well being right thru your old age....they say they will give you $200 to $300 monthly allowance. Wowww.....what can this $300 do for you in our Sg high cost of living? I think social welfare give up higher allowance that this pathetic monthly $200 to $300 CPF Life scheme. Can say its another scam job created by our 'too smart alec' MIWs.
This time I bet you the ruling party PAP is gonna face an uphill task in this coming erection....for their being 'too smart'. Do you know that how many poor ppl fall into this low CPF saving category?

SG Truth
*The author blogs at http://sg-truth.blogspot.sg/

 

[escher]

ENOUGH OF REMAINING HEAD DOWN DOWN AND ARSEHOLES UP HIGH HIGH TO BE FUCKED TO BE TIEWED TO BE KANNED BY PAPs?

YOU GOT ENOUGH OF DANCING WITH PAP NOOSE ON YOUR NECKS MILKING YOU DRYER AND DRYER?

YOU GOT ENOUGH OF GOING THROUGH LIFE WITH PAP BURNING NECKLACES OF GREED AND FILTH AROUND YOUR NECKS?

KILL THEM ALL BEFORE THEY KILL YOU



GET RID OF THE POISON IN SINGAPORE
HANG ALL THOSE FUCKING PAPs AND THEIR COLLABORATORS
BBQ THE BASTARD PAPs

AND SINGAPORE CAN BE AS GOOD IF NOT BETTER THAN SWITZERLAND

OR REMAIN HEAD DOWN DOWN AND ARSEHOLES UP HIGH HIGH TO BE FUCKED TO BE TIEWED TO BE KANNED BY THE PAP MAGGOTS COCKROACHES

Kill them all PAPs
Let GOD sort out the good from the really bad ones
The good PAPs can then eat joss sticks and candle wax from time to time
The bad PAPs like smear of shit on sole of shoe LKY will be raped and tiewed and kanned by legions of ghouls and demons and not ever
get time off to eat joss sticks and candle wax

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.


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.

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.
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.

Despite the leeching and fucking of singaporeans by the cheebye PAP and LKY, Singapore still managed to survive to date.
Despite their being hung as a fucking millstones around the necks of Singaporeans and the idiocy and corrupt manipulations of PAP and LKY, Singapore still not dead yet.

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