Serious Valerie Chan O$P$ To CPF Please!! Debt Recovery In Progress!!!

[JohnTan]

A Central Provident Fund (CPF) member revealed on Facebook today (3 Apr) that the CPF Board has sent her a letter warning her that it will take legal action against her if she does not make payment with interest on a loan she took out to fund her post-secondary studies at a local polytechnic.

The member, Facebook user Valerie Chan, asserted that she is unclear why CPF considers the amount she took out to fund her studies a “loan” since she apparently withdrew the sum from her own CPF savings.

The CPF Board is a compulsory savings scheme where working Singaporeans and permanent residents contribute a mandated amount to their accounts, primarily to fund their retirement, healthcare, and housing needs.

The CPF Education Scheme is a loan scheme that allows members to use their own savings from their Ordinary Account to fund their subsidised tuition fees at approved institutions like the local polytechnic schools.

According to CPF Board’s website, students who successfully apply for the Education scheme “would need to start repaying the principal amount withdrawn plus the accrued interest in cash to your CPF account, one year after graduation or termination of studies whichever is earlier.”

Valerie seems to have run into financial difficulty after completing her studies and was not able to repay the principal amount withdrawn plus the accrued interest. She revealed on social media:

Sharing a picture of the letter demanding payment from CPF Board, Valerie continued: “So they have been sending letters demanding for payment + interest. Recently I received a letter demanding for payment and threatened with legal action for, I reiterate, a “loan” I taken out of MY cpf for MY education.”

Indignant at the fact that she has to repay the sum she withdrew from her own savings, along with interest, Valerie asserted: “So make no mistake about it, cpf is never our money. If it is and it’s supposed to be our retirement fund, why can’t I have free use of my money for self enrichment?”

The Independent has contacted CPF Board for their comment on Valerie’s case. We will update this story once we receive a response. /TISG

https://www.facebook.com/photo.php?fbid=859396611081709

http://theindependent.sg/cpf-board-...she-took-out-to-fund-her-polytechnic-studies/

 

[shittypore]

Cheers to Valerie, the Young and Restless.

 

[sweetiepie]

KNN why Valerie never asked cpf board why you helped pap to rob my money as well as your own money KNN

 

[laksaboy]

Heh, glad to know the young kids (millennials) of today are finding out what I had discovered years ago.

 

[jw5]

LOL Valerie Chan. Please remember that at your young age, CPF is not your money under PAP. Even us oldies cannot get hold of our CPF money.

The member, Facebook user Valerie Chan, asserted that she is unclear why CPF considers the amount she took out to fund her studies a “loan” since she apparently withdrew the sum from her own CPF savings.

 

[attaphouse]

Con People Fund..

 

[no_faith]

Poly student dont know the meaning of loan?
Loan no need payback meh i also take

 

[shittypore]

Pls leave more of your saving with CPF.

 

[Cottonmouth]

Valerie want to work as pro? Study diploma for fuck.

 

[sweetiepie]

Valerie want to work as pro? Study diploma for fuck.

KNN study is to earn more money but Valerie cannot pay off debt after her studies KNN really study for fuck KNN

 

[LaoTze]

A Central Provident Fund (CPF) member revealed on Facebook today (3 Apr) that the CPF Board has sent her a letter warning her that it will take legal action against her if she does not make payment with interest on a loan she took out to fund her post-secondary studies at a local polytechnic.

The member, Facebook user Valerie Chan, asserted that she is unclear why CPF considers the amount she took out to fund her studies a “loan” since she apparently withdrew the sum from her own CPF savings.

The CPF Board is a compulsory savings scheme where working Singaporeans and permanent residents contribute a mandated amount to their accounts, primarily to fund their retirement, healthcare, and housing needs.

The CPF Education Scheme is a loan scheme that allows members to use their own savings from their Ordinary Account to fund their subsidised tuition fees at approved institutions like the local polytechnic schools.

According to CPF Board’s website, students who successfully apply for the Education scheme “would need to start repaying the principal amount withdrawn plus the accrued interest in cash to your CPF account, one year after graduation or termination of studies whichever is earlier.”

Valerie seems to have run into financial difficulty after completing her studies and was not able to repay the principal amount withdrawn plus the accrued interest. She revealed on social media:

Sharing a picture of the letter demanding payment from CPF Board, Valerie continued: “So they have been sending letters demanding for payment + interest. Recently I received a letter demanding for payment and threatened with legal action for, I reiterate, a “loan” I taken out of MY cpf for MY education.”

Indignant at the fact that she has to repay the sum she withdrew from her own savings, along with interest, Valerie asserted: “So make no mistake about it, cpf is never our money. If it is and it’s supposed to be our retirement fund, why can’t I have free use of my money for self enrichment?”

The Independent has contacted CPF Board for their comment on Valerie’s case. We will update this story once we receive a response. /TISG

https://www.facebook.com/photo.php?fbid=859396611081709

http://theindependent.sg/cpf-board-...she-took-out-to-fund-her-polytechnic-studies/

Just bend over and get down on your head and wave your arse up high high.
Slap on a load of axle grease as it is cheap.

Let the maggots maggotess tiew and fuck and kann you as that is all they know to do . And of cos to laff and laff all the way to their fucking banks.

 

[Cottonmouth]

KNN study is to earn more money but Valerie cannot pay off debt after her studies KNN really study for fuck KNN

She should use skills future go Nusa Duta learn blowjob.

 

[KuanTi01]

Essentially she is a victim of a huge ponzi scam. Being sued for the recovery of her own money!

 

[Chase]

how old is she? 30s?

 

[shittypore]

She should use skills future go Nusa Duta learn blowjob.

Easier join PAP, learn to bark, run around and get paid.

 

[laksaboy]

Essentially she is a victim of a huge ponzi scam. Being sued for the recovery of her own money!

Imagine if she were a Sinkie guy: on the left hand, the CPF legal threat O$P$ letter, and on the right hand, a SAF100 telling you to report for reservist duty, and failing to turn up would result in prosecution under military law etc.

At least the Sinkie females are spared one half of the condescending indignity.

 

[jw5]

It is precisely that the sinkie females don't receive the latter letter (pardon the pun), that they are so shocked and indignant when they receive the former letter. That is why I have always claimed that the famous 70% is mainly due to sinkie females.

Imagine if she were a Sinkie guy: on the left hand, the CPF legal threat O$P$ letter, and on the right hand, a SAF100 telling you to report for reservist duty, and failing to turn up would result in prosecution under military law etc.

At least the Sinkie females are spared one half of the condescending indignity.

 

[A Singaporean]

Very sorry that if you have been an FT, the garmen would have offered you a full scholarship.

 

[nangkhammei]

If Valerie Chan is a real person pigs will fly.