CPF member receives $250 a month for only 8 years to “retire”

[TerrexLee]

A CPF member who would be turning 65 in May this year, recently received a mail from the CPF Board. It informed him that he would be eligible to receive S$250 per month for about the next 8 years when he hit 65.

It also enticed him saying that he can get higher payouts if he delays the start of his payouts after age 65. In fact, if the member does nothing, by default, he would only start getting his payouts at age 70.

And if he still wants to get his payouts starting at 65, he must inform the CPF Board.


How to survive $250 in Singapore for 1 month, let alone 8 years?


In any case, at $250 per month, it's not known how the CPF member is going to survive in Singapore for one month, let alone 8 years.


And even if he is able to survive and scrape through by cleaning tables at hawker centers, it's not known if he can continue to do so after 80+ years old.


As a last resort, the Singapore laws do enable him to sue his children to get money, assuming he has children, so that he can continue surviving here.

More at https://shrtcô.de/UXLiVs

 

[Balls2U]

A CPF member who would be turning 65 in May this year, recently received a mail from the CPF Board. It informed him that he would be eligible to receive S$250 per month for about the next 8 years when he hit 65.

View attachment 155040


It also enticed him saying that he can get higher payouts if he delays the start of his payouts after age 65. In fact, if the member does nothing, by default, he would only start getting his payouts at age 70.

And if he still wants to get his payouts starting at 65, he must inform the CPF Board.


How to survive $250 in Singapore for 1 month, let alone 8 years?


In any case, at $250 per month, it's not known how the CPF member is going to survive in Singapore for one month, let alone 8 years.


And even if he is able to survive and scrape through by cleaning tables at hawker centers, it's not known if he can continue to do so after 80+ years old.


As a last resort, the Singapore laws do enable him to sue his children to get money, assuming he has children, so that he can continue surviving here.

More at https://shrtcô.de/UXLiVs

If no wife, no children and cannot even walk let alone work, and have only a few cents in his bank account, so how?

 

[Leongsam]

A CPF member who would be turning 65 in May this year, recently received a mail from the CPF Board. It informed him that he would be eligible to receive S$250 per month for about the next 8 years when he hit 65.

View attachment 155040


It also enticed him saying that he can get higher payouts if he delays the start of his payouts after age 65. In fact, if the member does nothing, by default, he would only start getting his payouts at age 70.

And if he still wants to get his payouts starting at 65, he must inform the CPF Board.


How to survive $250 in Singapore for 1 month, let alone 8 years?


In any case, at $250 per month, it's not known how the CPF member is going to survive in Singapore for one month, let alone 8 years.


And even if he is able to survive and scrape through by cleaning tables at hawker centers, it's not known if he can continue to do so after 80+ years old.


As a last resort, the Singapore laws do enable him to sue his children to get money, assuming he has children, so that he can continue surviving here.

More at https://shrtcô.de/UXLiVs

It's not the government's fault he did not plan for his retirement it's his own damned fault.

 

[bobby]

I wonder who he voted for ?

 

[mako65]

Where's his savings since he didn't contribute enough to his CPF? Upright suicidal with that measly S$250!

 

[Loofydralb]

I wonder who he voted for ?

The correct statement would be:

He deserved who he voted for.

 

[Hypocrite-The]

If no wife, no children and cannot even walk let alone work, and have only a few cents in his bank account, so how?

Soylent Green....it's more humane.... Soylent Green..it's For ppl

 

[tobelightlight]

The govt tells you how much u can get per month on your own money. Lol.
U still don't wake up yet?

Cpf is not ur money, if I this ur money, it will not be like this.

It is like a mother trying to give allowance to her child while the child getting a fat ang bao that day. I will save money for u and give u bit by bit so u will not spend it all.
What am insulting move.

 

[batman1]

Why 8 years only ? I thot the monthly payout is for life until u die.

 

[tobelightlight]

Why 8 years only ? I thot the monthly payout is for life until u die.

It's not ur money, they can chnage the rules as they want. Go protest lah. This treatment is towards people without balls, so suck thumb.

 

[sweetiepie]

At least now he still got $250 to draw every month. If pap didn't locked his money he has $0.

 

[sweetiepie]

It's not ur money, they can chnage the rules as they want. Go protest lah. This treatment is towards people without balls, so suck thumb.

When the time comes protest weaponless is useless. Must protest using a chopper.

 

[mojito]

Aiya u work backwards u know lao hero don't even have 30k in cpf. Probably with draw every cent he could at age 55. Complain wat? Perhaps u want pap lock up all your money in stead?

 

[Pinkieslut]

Low SES Jiakliaobee better go Bedok reservoir UpLorry save rice air and water.

 

[countryman]

If no wife, no children and cannot even walk let alone work, and have only a few cents in his bank account, so how?

Even if u have children so what? U may become a burden to them!

 

[Pinkieslut]

Even if u have children so what? U may become a burden to them!

become useless shit making machine.

 

[JohnTan]

The correct statement would be:

He deserved who he voted for.

Nearly 400,000 CPF members have over $500,000 in their CPF accounts. That's thanks to the PAP.



According to the Central Provident Fund (CPF) Board's Annual Report, nearly 400,000 CPF members have at least S$500,000 in their CPF account as of December 31, 2020.

Of these nearly 400,000 CPF members, 100 are aged 35 and below.

https://mothership.sg/2021/07/singaporeans-cpf-500000/

 

[Loofydralb]

Nearly 400,000 CPF members have over $500,000 in their CPF accounts. That's thanks to the PAP.

It's not your money according to the physically retarded crony appointed joker in parliament in a wheelchair.

If you can't touch it, it's not your money

 

[JohnTan]

It's not your money according to the physically retarded crony appointed joker in parliament in a wheelchair.

If you can't touch it, it's not your money

That retard is entitled to her wrong opinion.

Most of us have spent part of our CPF monies for housing, hospital bills, medical insurance, education by electronic means. I hardly touch cash and coins these days anyway. I've been doing most of my spending and paying through apps or credit card.

 

[Cottonmouth]

Is he a Hokkein old man?
He know who to look for.