- Joined
- Jul 15, 2008
- Messages
- 15,744
- Points
- 83
grey tsunami is a wave of oldies standing by to withdraw their cpfs soon but would be shocked that they might not even get anything back.
cpf as we know has shrewdly set up restriction to prevent retirees to their rightful ownership of their life saving. they impose ridiculous rules and even more outrageous minimum sum before anyone could retrieve any trickle of their saving.
WHY IS THE GOV DOING THUS?
what was the original intention or motive of this compulsory legislated national saving? why holding back our savings?
whatever the gov is explaining and whether they make sense or not, i m totally deaf to it. all i know is when i reach my 55 yrs old, i m qualified to withdrawal my saving. it's that plain simple. predecessors before me had no problems getting back their money. whether they splurge it, waste it or make more money out of their life saving, it got nothing more to do with the gov.
gov is too cunning to use reasons such as to prevent us from withdrawing our saving must be hiding some devious REAL causes that either delay our withdrawal in full. the only highly suspicion would be the cpf has gone broke!!
we just look at direct simply analogy. we put money in the bank which promises us returns with interests on maturity of our deposits. when it's due, the bank starts telling u that they can only return u certain trickling amount but holding back a big proportion. how could the depositors think?
they change their tunes when u put in the money and then to a different tune when it's ripe time to withdraw.
someone has to really grill the gov for the REAL REASON as to why they are holding back our money. all those crap reasons the gov gave sound like they are concerned. if they are really concerned for the new big wave of GREY TSUNAMI , they should be proposing of national geriatric care for them instead of holding back our money when it's due.
i do not trust this bunch of gov anymore. they mince their words and create promises to camouflage their earlier promises.
cpf as we know has shrewdly set up restriction to prevent retirees to their rightful ownership of their life saving. they impose ridiculous rules and even more outrageous minimum sum before anyone could retrieve any trickle of their saving.
WHY IS THE GOV DOING THUS?
what was the original intention or motive of this compulsory legislated national saving? why holding back our savings?
whatever the gov is explaining and whether they make sense or not, i m totally deaf to it. all i know is when i reach my 55 yrs old, i m qualified to withdrawal my saving. it's that plain simple. predecessors before me had no problems getting back their money. whether they splurge it, waste it or make more money out of their life saving, it got nothing more to do with the gov.
gov is too cunning to use reasons such as to prevent us from withdrawing our saving must be hiding some devious REAL causes that either delay our withdrawal in full. the only highly suspicion would be the cpf has gone broke!!
we just look at direct simply analogy. we put money in the bank which promises us returns with interests on maturity of our deposits. when it's due, the bank starts telling u that they can only return u certain trickling amount but holding back a big proportion. how could the depositors think?
they change their tunes when u put in the money and then to a different tune when it's ripe time to withdraw.
someone has to really grill the gov for the REAL REASON as to why they are holding back our money. all those crap reasons the gov gave sound like they are concerned. if they are really concerned for the new big wave of GREY TSUNAMI , they should be proposing of national geriatric care for them instead of holding back our money when it's due.
i do not trust this bunch of gov anymore. they mince their words and create promises to camouflage their earlier promises.
