Serious Lowering CPF rates, extend redeem date is a Technical Default

[winners]

Is the old scheme still applicable?

I don't think so. Those that are not 55 years old currently will compulsorily be "enrolled" into the new CPF Life scheme upon reaching 55 years old.

 

[batman1]

The CPF Life Plus Plan monthly payout from 65 yo onwards is unacceptably small because the CPF retirement interest rates payable to CPF members is very low.
WHO is earning money from our CPF money as a cheap source of fund ? MAS ? Temasick ? GIC ? CPF Board ?

 

[pvtpublic]

It’s $200k for full retirement sum. Above that you can withdraw at age 55.

Geeze I said soon. Omg. Do read properly. Golly Gosh stop with the stalking. Creepy. No woman will fall for such creepy behavior. Yucks.

It's projected to rise 3% a year. I save you the trouble of calculating. 30 years from 200k @ 3% is $500k minimum sum.

 

[pvtpublic]

gambling indicates a more or less unknown outcome. When the aptly named jinx gambles, it's usually a forgone conclusion.

How is GIC doing? I hope much better than Temasek.

 

[nightsafari]

How is GIC doing? I hope much better than Temasek.

not looking any more. too scared to see. But, in any case, their movements are not easy for bystanders to track. AFAIK only way is to track major shareholders purchases or sales. Rest have to ask the two in charge....

 

[pvtpublic]

not looking any more. too scared to see. But, in any case, their movements are not easy for bystanders to track. AFAIK only way is to track major shareholders purchases or sales. Rest have to ask the two in charge....

Must ask madam president to ask the two.

 

[nightsafari]

Must ask madam president to ask the two.

I doubt she even has a clue as to where to look. Looks like a blur filing clerk.

 

[knowwhatyouwantinlife]

Say before leow medisave is the elephant in the room and should be added as part of the retirement account when one turns 55...currently at 55 you can withdraw after setting aside the annual minimum sum (ord plus special 188k for this year i think ), it should be changed to ord plus special plus medisave...many of us are not sick and leaving 50k in the cpf...one million sgreans not sick and times 50k is 50 billion left in cpf...healthcare should be free for sgreans esp after 55yo

 

[pvtpublic]

"

I doubt she even has a clue as to where to look. Looks like a blur filing clerk.

"How dare you!"

 

[nightsafari]

""How dare you!"

eek!

 

[Narong Wongwan]

gambling indicates a more or less unknown outcome. When the aptly named jinx gambles, it's usually a forgone conclusion.

Fritter? Squander? For want of a better word

 

[SalahParking]

OA and SA interest rate will have to drop to 1 pct.

Payout delayed.

John Tan will have to die first before his kids can get the money.

 

[nightsafari]

Fritter? Squander? For want of a better word

those work.

 

[nightsafari]

OA and SA interest rate will have to drop to 1 pct.

Payout delayed.

John Tan will have to die first before his kids can get the money.

How did you get 1%?

Calculated guess or do you have some idea of the shortfall?

 

[SalahParking]

what is more worrisome is the reverse wealth effect of HDB, singaporeans will stop spending .velocity of money will collapse. Ah Heng has no textbook to follow

 

[SalahParking]

GIC loss, Temasek Loss, CPF gonna extend withdrawal age