Tag Archives: retirement

FIRST “RETIREMENT VILLAGE” IN S’PORE COSTS $3.5K PER MONTH

Located in a single-storey bungalow in the prime district of Bukit Timah, St Bernadette Lifestyle Village - Singapore's first "retirement village" - will soon open its doors next month to welcome 8 seniors who need help looking after themselves. Each resident will pay $3,500 dollars month for their stay, which includes breakfast, housekeeping and laundry services. Other nursing homes cost within the range of $1,200 to $3,500 a month, before government subsidies.

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MERCER: CPF RETIREMENT SCHEME DOWNGRADED FROM B TO C+ SCORE

In the latest Melbourne Mercer Global Pension Index which ranks 25 countries on the adequacy and integrity of their retirement schemes, Singapore's CPF was downgraded to a C+ grade from last year's B grade. The "C+" grade is for a pension system that has "some good features, but also has major risks and/or shortcomings that should be addressed".

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GOVT PROMISES TO SPEND $3 BILLION ON ELDERLY, A 30 TIMES INCREASE IN SPENDING?

According to the Strait Times news report ”$3b plan to help seniors live more fulfilling lives” (Aug 27) - “In a push to brighten the golden years, a $3 billion five-year plan will give Singapore’s seniors opportunities to learn, volunteer and live independently, well after retirement.” The timing of this announcement may be rather uncanny, given that the elections are just days away.

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CPF LIFE: LIVE BEYOND 93 YRS OLD TO BE BETTER OFF?

According to the Straits Times news report “Choosing the right CPF Life plan” (Aug 23) – the monthly payout under the CPF Life Standard Plan Basic Retirement Sum of $80,500 from age 65 is $695 – $767 (average of $731). Since the CPF interest rates from age 55 are 6% on the first $30,000, 5% on the next $30,000 and 4% on the amount above $60,000 – the average

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UNPERFORMING MPS & MINISTERS WERE PROBABLY “REPLACED” & NOT RETIRED

Suddenly, nearing election time, many wants to retire. 4-5 months ago, no one talk about retirement. I think the people are smart enough to know that most of these MPs and ministers are probably being replaced and not retiring out of their own volition. What is there to be ashamed of if one is being replaced and no longer required by the party? After all, this is politics. People are being replaced all the time. You cant perform, you go.

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ONLY STUPID S’POREANS WISH FOR LUI TUCK YEW TO STAY ON AS MINISTER

Lui Tuck Yew may be incompetent, he may be a fumbling fool who lacks social skills but at least he proves that he has more balls than so many other Ministers and MPs before him. He has the guts to take the fall on the sword for our public transportation failures. Understandably, some think it is not his fault but there are stupid daft Singaporeans out here who insist Lui Tuck Yew shouldn't have 'retired' and should stay on as Minister.

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ONLY STUPID S’POREANS WISH FOR LUI TUCK YEW TO STAY ON AS MINISTER

Lui Tuck Yew may be incompetent, he may be a fumbling fool who lacks social skills but at least he proves that he has more balls than so many other Ministers and MPs before him. He has the guts to take the fall on the sword for our public transportation failures. Understandably, some think it is not his fault but there are stupid daft Singaporeans out here who insist Lui Tuck Yew shouldn't have 'retired' and should stay on as Minister.

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CALVIN CHENG: I AM DISTRAUGHT MINISTER LUI TUCK YEW IS STEPPING DOWN

I am distraught that Minister Lui Tuck Yew is stepping down. I have known Mr. Lui since I was an 18 year old JC student when as a LTC in the Navy, he mentored me for the Temasek Seminar. He was very patient with me and taught me a lot, despite his busy schedule. Mr. Lui is kind, humorous and does not not have a single bad bone in him. He also possesses a first-class mind.

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