Tag Archives: Straits Times 10 Jun 2014

“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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