Tag Archives: Davinder Singh

“TELL CPF MEMBERS HOW MONEY IS MANAGED”

There is no effective and constant communication from GIC, Temasek and the CPF Board to CPF members on how their monies are being managed. Therefore, I do not blame CPF members for being suspicious each time the Minimum Sum is raised.

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“CPF STILL A PRUDENT SCHEME”

Those who wish to withdraw all the money in their CPF accounts when they turn 55 should be made to declare that they will not ask the Government for assistance if they run out of money. Freedom comes with a price. We talk of the Government not listening, but the freedom to give feedback and criticism does not include making accusations that cannot be substantiated with facts. If the CPF scheme is done away with, then we must be really disciplined in order to save enough for the down payment of our property. All the grants related to the CPF would also be gone.

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THE HISTORY OF CPF INTEREST RATES

The CPF contribution rates for employees like us are 20% currently and for your employers, it's 16%. That is a total of 36% currently. But did you know that CPF contribution rates was only 10% for employers and 20% for employees in 1999? It gradually rose to 16% in 2001 and 2002 but dropped back to 13% from 2003 to 2006. However, in the mid 1980s, CPF contribution rates was a total of 50%. On average, suppose the CPF savings a person has will be around 30% of his monthly income. Why is it still not enough for retirement when its already a savings of 30%?

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ROY NGERNG’S DEFENCE FUND HAS DEFENDED NOTHING

Criticism is fine. TOC and its ilk do it all the time. However, they do not go around suggesting that the officials are corrupt, simply because they have the common sense to know that this is defamation. When the extended apology deadline rolled around, Roy acknowledged that he had defamed PM, apologized and took down the original post. PM then asked Roy to remove the new posts and video, which Roy promptly agrees to. This is where the case gets interesting. Instead of taking down the offending posts and videos, Roy apparently privatized them. This meant that while the general public could no longer view the articles, Roy could share the direct links with anyone he wanted. And of course, he shared these links with the international and local media.

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PAP MP HRI KUMAR BLOCKS ROY NGERNG AND KENNETH JEYARETNAM FROM HIS DIALOGUE ON CPF

Hri Kumar Nair promised to host a ‘honest’ dialouge session open to all where ‘hard’ questions would be dealt with. But all that changed when Kenneth Jeyaretnam and Roy Ngerng signed up. So much for constructive politics eh? I first saw the event which was hosted entitled “CPF – An Honest Conversation: Public Dialogue with Thomson-Toa Payoh Residents” and I encouraged people with viable alternatives and suggestions for CPF to attend it. I called the event the closest thing we could get to having an “Open Discussion with the PM on CPF” which Roy called for. You can read my first blogpost here.

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A GOOD POLITICAL PUBLIC RELATIONS LESSON IN ROY NGERNG VS SINGAPORE’S PM LEE SAGA

He should have done a bit more research first by seeking information from the CPF and all the other organizations that he mentioned so as to build his case and present it such that he was left with no other alternative plausible view. I think that would have bolstered his cause and credibility. Was he right to have accused the PM of siphoning the money? YES. It was a theory he developed. That was his right.

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THE BLOGGER, THE CROWD AND THE PRIME MINISTER

But now, thanks to the Net, we have crowd funding, like what Roy has resorted to. The implications of his action, and his initial success at raising up to S$50,000 with little effort, has huge political implications. It now means that writers and bloggers need no longer be that afraid of the crippling legal suit, especially if they are writing something critical about a government, institution or individual that is not publicly popular. Sue me? I’ll crowd fund my law suit. let’s see you in court. Libel laws are still important, as with the principle of the right of the aggrieved party to sue for libel, but in this instance at least the scales of Justice have been tipped to be more even.

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LEE HSIEN LOONG CONSIDERING DROPPING LAWSUIT AGAINST ROY NGERNG

Singaporeans from all walks of life, who have a lot of money locked up in their CPF account, agree that CPF blogger Roy Ngerng will be left with a massive administrative headache if things don’t go ahead as he planned. This after the the blogger raised $70,000 from the public in three days in preparation for his defamation lawsuit filed against him by Prime Minister Lee Hsien Loong.

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HOW TO GET YOUR CPF MONIES BEFORE YOU TURN 55

Actually there is no need for Singaporeans to dwell too much on this issue because there is really nothing Singaporeans can do to change the policy. But Singaporeans can certainly do something for themselves, instead of complaining over an issue which they have no control on. Always bear in mind that if you cannot change the world, you can adapt and change yourself. A survivor will always find ways and means to overcome the various hardships that he encounters in life and become a true champion. This was the hallmark of our forefathers, who had endured and went through so much hardships to achieve what we have today. Of course, life is tough in Singapore, but then again, who said that life is ever a bed of rose?

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ON ROY NGERNG AND DERISORY COMPENSATION OFFER

I understand this will hurt the feelings of a lot of people sympathetic to Roy Ngerng’s plight, but well I prefer to call a spade for what it is. Face it, blogger “Mr Miyagi” has pointed out that he has written more or less the same stuff Roy Ngerng has written about the CPF, but he has not gotten any letters from the Prime Minister because “Mr Miyagi” has not made any accusations. So really, let us bloggers not flatter ourselves. The People’s Action Party (PAP) really doesn’t care very much about our opinion on the Internet, even when it might affect the decision of other voters or even suggest how the individual blogger would vote.

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