CPF Minimum Sum Increased: How Many Ways To Milk You Dry

[Confuseous]

So, wait a minute – I thought the government said that they wanted to maintain the real value of our CPF? Not really – read carefully. The government only wants to maintain the real value of the CPF Minimum Sum.

So, let me recap – if the real value of our wages are being eroded, and if the real value of our CPF is also being eroded, then if the government only wants to maintain the real value of the CPF Minimum Sum, do you know what that means? Right on – that means that the government wants to trap more of your CPF into the Minimum Sum, while more and more of your wages have to be siphoned off inside, and while the government gives you low returns on your CPF, you earn even lesser on your CPF (yet have to set aside more??).

Do you see all the contradictions? I hope you can see them.

Now, let me give you the big picture, before we round off.

Do you know why the government wants to maintain the “real value” of the CPF Minimum Sum. Well, here you go – do you know that Singapore has the 8th largest pension funds in the world?

http://thehearttruths.com/2014/05/08/cpf-minimum-sum-increased-how-many-ways-to-milk-you-dry/

 

[laksaboy]

A nation of sheep truly deserves a government of wolves.

 

[ykhuser]

So, wait a minute – I thought the government said that they wanted to maintain the real value of our CPF? Not really – read carefully. The government only wants to maintain the real value of the CPF Minimum Sum.

So, let me recap – if the real value of our wages are being eroded, and if the real value of our CPF is also being eroded, then if the government only wants to maintain the real value of the CPF Minimum Sum, do you know what that means? Right on – that means that the government wants to trap more of your CPF into the Minimum Sum, while more and more of your wages have to be siphoned off inside, and while the government gives you low returns on your CPF, you earn even lesser on your CPF (yet have to set aside more??).

Do you see all the contradictions? I hope you can see them.

Now, let me give you the big picture, before we round off.

Do you know why the government wants to maintain the “real value” of the CPF Minimum Sum. Well, here you go – do you know that Singapore has the 8th largest pension funds in the world?

http://thehearttruths.com/2014/05/08/cpf-minimum-sum-increased-how-many-ways-to-milk-you-dry/

what to do?
they want to maintain the Minimum Sum to $500k also lan lan since already we know day 1 can see no touch.
we are more worried after 2016,they say cpf contribution is now 25% on employee .then we really have to eat dog shit liao

 

[escher]

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.

 

[Leongsam]

It's just a small sum. Anything beyond the minimum sum can be withdrawn without restrictions upon reaching 55.

I'm sure most of you here would have accumulated at least 2 to 3 times that amount upon reaching withdrawal age.

The minimum sum is to protect the lowest dregs of society who don't have the brains to manage $10 let alone a 6 figure amount.

 

[frenchbriefs]

It's just a small sum. Anything beyond the minimum sum can be withdrawn without restrictions upon reaching 55.

I'm sure most of you here would have accumulated at least 2 to 3 times that amount upon reaching withdrawal age.

The minimum sum is to protect the lowest dregs of society who don't have the brains to manage $10 let alone a 6 figure amount.

actuallay garmen has released figures that half of singaporeans have inadequate funds for retirement.

i dunno which of PAP's assholes u got ur 2 to 3 times imaginary figures from.

its obvious this country's retirement policies are a joke and needs to be rehauled.....bring in the pension.

 

[Leongsam]

actuallay garmen has released figures that half of singaporeans have inadequate funds for retirement.

If half have inadequate funds, it is their own fault. You can't blame the government for that. It's about personal responsibility and spending within your means.