Tag Archives: CPF

A Singaporean shared his frustrations with the lack of choices in this country. He feels things and decisions have been forced onto citizens since birth, and our freedom continues to be eroded away… unless the underperforming overpaid Ministers are voted out. His post published in full: I didn’t choose to …

As a sign of how disconnected from reality Koh Poh Koon is, even CPF millionaire guru Loo Cheng Chuan has spoken out against bringing home anything less than $1,300.

10 years of education to survive in a education system that only encourages rote memorization and conformity without questioning. 2 years of NS to set us back in our career. 30 years of working in a environment that protects foreigners that allow them to get into cushy jobs without protection for Singaporeans.

Most government bodies have inverted pyramid structures already. Many are 40-60 years old and draw high salaries. These bunch of post 62yo role in the organisation (civil service and public service, including Stat Board) is quite menial and most of the time is NATO role.

The CPF member, who was at the centre of this storm, shall remain named as Ms Sua here, although the CPF Board did not feel it was wrong to give out her full name. In fact, not only was Ms Sua shamed by having her name exposed, the CPF deemed it right to publish her entire name, medical details, and financial well-being was which was happily shared with the nation on their FB page after she complained about the CPF Board.

It does not matter in this case whether the CPF Board was justified to to refuse to aid the woman, this was between them and the aggrieved party. The public need to be informed why the Board has its justification, just as we have been told the mother's side of the story. After all, everyone can make their own conclusions after hearing both sides of the story. But was there really a need to name the mother, and even inform the public of the daughter's education background, whereby they indicated the daughter receives government bursaries to help pay her school fees? Why stoop so low?

This was stated by Minister Josephine Teo, whose obscene salary means she will probably no need to set aside any retirement money, as her role as a Minister in the PAP government ensures she is well paid to retire anytime she chooses to. And now, she is telling Singaporeans that they do not have enough money for retirement and they should save more. Would Singaporeans not safe money if they could? Why is the Minister stating the bloody obvious?

SDP said in a strongly worded statement that “The current system manipulated by the present generation of PAP leaders have turned the scheme into a nightmare for Singaporeans, and Clifford Theseira’s case highlights the problems”. SDP also questioned the PAP's continued claims that citizens will squander their CPF savings and would turn to the government for help, stating that there are no data provided to back up these claims. SDP indicated that many Singaporeans are being penalised for the actions of a few.

How do the government come to this conclusion? Is it because they themselves cannot be trusted with their millions in salary? Or is this rule unjustly penalising the average Singaporeans, while the very rich and elite do not need the CPF, because, after all, they are rich, and they have money to burn in their old age.

Trade and Industry Minister and one of the future leaders of the 4G government, Chan Chun Sing, says that the government realises the cost pressure the government themselves are putting on businesses, with the planned increases in the ages for re-employment and retirement, as well as Central Provident Fund (CPF) contribution rates for older workers.