Re: PAP Should Stop CPF Wayang, Just Return OUR CPF
Don't defend an indefensible and dishonorable scheme that breaks its sacred promise to its members.
1. The CPF account holder
DID NOT AGREE to any changes in the CPF changes; minimum sum scheme etc
2. There was NO REFERENDUM following the HOWE YOON CHONG report and tweaks that followed thereafter.
3. Should any changes be made; it should only apply to CPF account holders after 1984 implementation with an opt out scheme for those who are prepared to sign a personal non-liability waiver.
4. The govt excuse that those who squander their CPF will need govt welfare assistance is BULLSHIT, there is NO WELFARE whatsoever even now; destitutes in void decks, cardbox collectors, aluminium drink can collectors, tissue sellers at FC with no CPF receive non existent welfare assistance from the govt.
5. The lack of trasparency and the holding back of lump sum CPF payments reeks suspiciously of a serious CASH FLOW problem. If any bank were to do the same with TERM DEPOSITs that matured but not paid in full, one would see a RUN ON THE BANK immediately.