the crony who sparked off this CPF saga?
- Thread starter krafty
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There're a few issues here.
First, who mooted the idea of a minimum sum
Second, who mooted the idea of increasing the minimum sum
Third, who mooted the idea of deferring the draw-down of the minimum sum from 62 to 65, now thinking of 67
Forth, who mooted the idea of CPF life, which substituted the usual draw-down of the minimum sun
Also, when the deferring of draw-down of the minumum sum was announced during the national rally by LHL, there is a one-off Bonus given to those who deferred the minimum sum. Where is this Bonus now? Oh, it's disappeared, because the deferring was made into a law. KNN
First, who mooted the idea of a minimum sum
Second, who mooted the idea of increasing the minimum sum
Third, who mooted the idea of deferring the draw-down of the minimum sum from 62 to 65, now thinking of 67
Forth, who mooted the idea of CPF life, which substituted the usual draw-down of the minimum sun
Also, when the deferring of draw-down of the minumum sum was announced during the national rally by LHL, there is a one-off Bonus given to those who deferred the minimum sum. Where is this Bonus now? Oh, it's disappeared, because the deferring was made into a law. KNN
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There're a few burgers involved here.....
The First one was the original burger - Howe Yoon Chong, when the minimum sum was passed.
Later, pertaining to minimum sum increase and its deferring, it is Lim Boon Heng, later passed over to Gan Kim Yong, who made it more complicated and further delay to the draw-down of the minimum sum.
But all these are announced during National Rallies by LHL, and when he announced it, the CPF website already updated it.
Their motto is "change first, tell you later"..................no referendum, nothing of this sorts. I'm not even sure it was debated in parliament at all, since they selectively debate stuff only. The transparency is totally absent, since parliament is 2/3 majority represented by one single party, bills will be passed and even the constitution can be changed or explained away easily.
Tell you this......we're truly screwed and most don't know it, because it is made difficult for layman to comprehend the enormity of the opagueness. It's like, what you don't know, you don't know how to question.
The First one was the original burger - Howe Yoon Chong, when the minimum sum was passed.
Later, pertaining to minimum sum increase and its deferring, it is Lim Boon Heng, later passed over to Gan Kim Yong, who made it more complicated and further delay to the draw-down of the minimum sum.
But all these are announced during National Rallies by LHL, and when he announced it, the CPF website already updated it.
Their motto is "change first, tell you later"..................no referendum, nothing of this sorts. I'm not even sure it was debated in parliament at all, since they selectively debate stuff only. The transparency is totally absent, since parliament is 2/3 majority represented by one single party, bills will be passed and even the constitution can be changed or explained away easily.
Tell you this......we're truly screwed and most don't know it, because it is made difficult for layman to comprehend the enormity of the opagueness. It's like, what you don't know, you don't know how to question.
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