Should CPF allowed to withdraw for those who is jobless/retrenched

Loofydralb · Mar 25, 2009

I think there are many citizens who face difficulty in servicing their mortgages. But funny enough, they have a bundle in the special account that can, at a single swipe clear their mortgages and allow them to live debt free.

However as you know this govt will NEVER allow that to happen.

They would rather let their citizens live in debt or lose their homes than aloowing $$$ to be taken from them so that they can blow it off on dumb investments overseas.

Porfirio Rubirosa · Mar 25, 2009

Sounds reasonable, that and utilities vouchers, public transport vouchers, school fees vouchers, clothing vouchers etc No booze, 4D, KTV though :biggrin:

rainnix said:
Suggest CPF withdrawal to be in food voucher form and can be used to purchase food only. To prevent people from using it for other purposes.

rainnix · Mar 26, 2009

Porfirio Rubirosa said:
Sounds reasonable, that and utilities vouchers, public transport vouchers, school fees vouchers, clothing vouchers etc No booze, 4D, KTV though

Thanks - Maybe let those retrenched to draw about $750 per month for a maximum of 1 year - 1.5 years. $250 out of the $750 will be food vouchers. With extra money on their hands will also help relieve the retrenched from having to pay bills during this period of time. The government can even dictate that the $750 to go to paying the utilities, SC&C bills before the remaining amount can be withdraw in cash so there will not be any arrears.

Being retrenched is depressing, coupled with a recession and competition from FTs, no job openings in sight and not able to draw out your own "money" in CPF is added pressure to those retrenched.

Furthermore, with some extra cash in hand, these people might spend and thus improve spending and help economy. No need save the electricity campaign, asking people to spend more to help economy, job credits etc.

Any oppos wants to take this suggestion up?

ArtBoon · Mar 26, 2009

My views on CPF:

http://civicadvocator.net/is-cpf-my-social-security-or-social-bondage/

Rakyat · Mar 26, 2009

"I DON'T KNOW"
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quote:

they cannot be ignorant for too long someone will find out ... The PEOPLE will know

streetcry · Mar 27, 2009

Thursday, March 26, 2009
ST Online: Don't break CPF piggy bank, but...
Editor
Straits Times

I REFER to the Ministry of Manpower's response last Saturday to readers' calls for earlier Central Provident Fund (CPF) withdrawal.

The response that it is not a good idea as breaking the piggy bank would lead to temptation to draw more and more from the CPF does not address the main point raised by readers.

What they ask for is not to break the piggy bank. But for members who already have funds above the Minimum Sum, why can't the CPF Board release the excess funds to those who are now struggling to live?

Why hold on to excess funds and make them wait till they reach 55, when they and their families are struggling now?

With the pain and stress these individuals and their families are going through, will they even make it to 80?

Tun Ah Heng

jw5 · Mar 28, 2009

Loofydralb said:
I think there are many citizens who face difficulty in servicing their mortgages. But funny enough, they have a bundle in the special account that can, at a single swipe clear their mortgages and allow them to live debt free.

However as you know this govt will NEVER allow that to happen.

They would rather let their citizens live in debt or lose their homes than aloowing $$$ to be taken from them so that they can blow it off on dumb investments overseas.

People who are in debt tend to be easier to control.

ahleebabasingaporethief · Mar 28, 2009

jw5 said:
People who are in debt tend to be easier to control.

Not true anymore. People in desperation will firebomb MPs, riots on street...etc etc...

newyorker88 · Mar 28, 2009

streetcry said:
Thursday, March 26, 2009
ST Online: Don't break CPF piggy bank, but...
Editor
Straits Times

Why hold on to excess funds and make them wait till they reach 55, when they and their families are struggling now?

With the pain and stress these individuals and their families are going through, will they even make it to 80?

Tun Ah Heng

It is so simple, CPF is a ponzi scheme, and they havent got the money to pay back those who contributed, so they withhold until you are 65? Use to be 55? I am not sure now.

They will come out with stupid excuses not to give you your $$$. Publishing with articles citing old man conned of his money overseas.

WHAT A PERSON DO WITH THEIR MONEY IN OLD AGE IS THEIR FUCKING BUSINESS, NONE OF THE GOV.

ZMA1 · Mar 29, 2009

rainnix said:
Thanks - Maybe let those retrenched to draw about $750 per month for a maximum of 1 year - 1.5 years. $250 out of the $750 will be food vouchers. With extra money on their hands will also help relieve the retrenched from having to pay bills during this period of time. The government can even dictate that the $750 to go to paying the utilities, SC&C bills before the remaining amount can be withdraw in cash so there will not be any arrears.

Being retrenched is depressing, coupled with a recession and competition from FTs, no job openings in sight and not able to draw out your own "money" in CPF is added pressure to those retrenched.

Furthermore, with some extra cash in hand, these people might spend and thus improve spending and help economy. No need save the electricity campaign, asking people to spend more to help economy, job credits etc.

Any oppos wants to take this suggestion up?

Someone should write into the press and make a simple argument:

PAP does not believe that we are wise enough to manage our OWN money, i.e. peasants cannot make informed choices.

So what the hell does it mean for them to be voted into govt by these very same peasants who cannot even manage money?

yogi1973 · Mar 29, 2009

nooooo.!!!! cpf is for our govt. they put it to good use and reap high profits from investments.

Robert Half · Mar 29, 2009

Yes I agree, we people had to live now then can plan for our future :p

Hans168 · Mar 29, 2009

streetcry said:
YES, CPF is after all our Blood Sweat & Tears money

if gahmen can draw on reserve, why can we draw on our cpf?
double std in play:oIo:

Hans168 · Mar 29, 2009

I ve lots of frens who got screwed by loans despite having lots of money in their cpf which they cannot use to bail themselves out - many have been retrenched but cpf money cannot be touched...... wtf

rainnix · Mar 29, 2009

Now KBW wants to increase payment for CPF to finance for homes for the aged. So we will have to save up on our medisave till we can pay for our home care when we are old.

We work so hard to contribute for the country and serve our NS when we are young, when we get old, we get kicked to Johor and Batam old age homes and use our medisave to pay for the bills.

Calculation very good hor...?

angie II · May 19, 2009

Should CPF allowed to withdraw for those who is jobless/retrenched?

"No u can't cuz i have gambled (squandered) it away & still get an award for losing 260 billion with no regrets"

.

Vendetta · May 19, 2009

Lumpar said:
No, only the <meta http-equiv="Content-Type" content="text/html; charset=utf-8"><meta name="ProgId" content="Word.Document"><meta name="Generator" content="Microsoft Word 9"><meta name="Originator" content="Microsoft Word 9"><link rel="File-List" href="file:///C:/DOCUME%7E1/LONGFO%7E1/LOCALS%7E1/Temp/msoclip1/01/clip_filelist.xml"><style>  </style>[FONT=&quot]RETARDED albino [/FONT]<meta http-equiv="Content-Type" content="text/html; charset=utf-8"><meta name="ProgId" content="Word.Document"><meta name="Generator" content="Microsoft Word 9"><meta name="Originator" content="Microsoft Word 9"><link rel="File-List" href="file:///C:/DOCUME%7E1/LONGFO%7E1/LOCALS%7E1/Temp/msoclip1/01/clip_filelist.xml"><style>  </style>[FONT=&quot]CLINTON666 are [/FONT]<meta http-equiv="Content-Type" content="text/html; charset=utf-8"><meta name="ProgId" content="Word.Document"><meta name="Generator" content="Microsoft Word 9"><meta name="Originator" content="Microsoft Word 9"><link rel="File-List" href="file:///C:/DOCUME%7E1/LONGFO%7E1/LOCALS%7E1/Temp/msoclip1/01/clip_filelist.xml"><style>  </style> allowed to withdraw for his hospital bills, lol

Nah, Clinton666 the Clit needs to withdraw the money to pay his sex change operation bills, install pussy and breasts needs money one, ok?

:biggrin:

Vendetta · May 19, 2009

tiuroyton_chengasshole said:
Royston cheng aka Vendetta ..your mother also need to withdraw for sewing up her cunt after long time screwing by the tiu variants.......ha ha ha .....

Hahahaha! I think you are a pathetic 2 bit clerk in some garment office, who have nothing better to do...

Hey! Your Boss is calling for you to return back under his table, he needs a blowjob fast...

Go go!

:rolleyes:

Vendetta · May 19, 2009

tiuroyton_chengasshole said:
ha ha ha don't worry about me... I boss around and assed asshole like you....

Royston cheng aka Vendetta ..your father also need to withdraw for sewing up his arse after long time screwing by the tiu variants.......ha ha ha .....

You are a Boss?!? Lying thru your bo gay mouth again...

Please lah, one time retiree, now Boss...

What next? You are a Ministar???

Wahahahaahahahahah!

What a joke!?!

:rolleyes:

Vendetta · May 19, 2009

tiuroyton_chengasshole said:
Ha ha ha ....next will be your father lah....after screwing your mother for so long .......he he he......

Your mouth is full of shit, still can talk cock sia?!?

:rolleyes:

Should CPF allowed to withdraw for those who is jobless/retrenched

Should CPF allowed to withdraw for those jobless/re

No, you Will Squandered Away your Money

Yes, CPF Money is after all our money AND NOT the Government's money

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