CPF money is your money - Page 4

dragon888 · 28-05-2014, 10:41 AM

Quote:

Originally Posted by mictok

To me CPF is a force saving program for us to have a roof over head and hospitalisation money when needed. Whatever retired with minimum sum and all those crap is for high earner.

hospitalisaion also not full amount can claim hor.....

streetsmart73 · 28-05-2014, 10:45 AM

Quote:

Originally Posted by hkh

Actually my favorite is 何日君再来.........

my favourite Teresa tang's song

streetsmart73 · 28-05-2014, 10:46 AM

Quote:

Originally Posted by dragon888

hospitalisaion also not full amount can claim hor.....

bingo! read the fine print.

there is always some cap for specific expense claim.

denser · 28-05-2014, 10:46 AM

Quote:

Originally Posted by dragon888

hospitalisaion also not full amount can claim hor.....

they want u to put the money in first then slowly suck it dry from you..

dragon888 · 28-05-2014, 10:51 AM

Quote:

Originally Posted by denser

they want u to put the money in first then slowly suck it dry from you..

so at the end of the day, if no money, then if die is our own problem lah.....

Aris · 28-05-2014, 11:04 AM

The strange thing is that the Manpower Ministry only sees fit to talk about our CPF only after LHL send Roy Ngerng a lawyer's letter. However, in spelling out that the CPF money is safe, nothing was ever mentioned about the low returns (less than inflation rate), how the CPF monies were invested and the shifting of the goalposts for withdrawal.

globalcookie · 30-05-2014, 08:26 PM

Make rules governing use of CPF more flexible: MP Tin Pei Ling

SINGAPORE: The Government needs to evaluate the feasibility of guaranteeing a higher rate of return on Central Provident Fund (CPF) monies so that it can better withstand inflation and ensure Singaporeans' CPF monies will be well above the minimum sum, said Member of Parliament for Marine Parade GRC Ms Tin Pei Ling on Tuesday (May 27).

Ms Tin, speaking at the debate on President Tony Tan Keng Yam's May 16 address, urged the Government to make the rules governing the use of CPF monies more flexible, to allow mature Singaporeans to take care of their immediate needs such as HDB mortgages and children's education.

Said Ms Tin: "Such a move is in line with a more compassionate society. Does it mean a higher risk that some Singaporeans will not have enough in their old age? Maybe, but the reality is that some of these Singaporeans are in desperate need for help and we need to help them reach that life buoy as they try so hard to paddle ashore on their own."

She also called for more flexibility in the use of the Medisave payout of the Pioneer Generation Package.

"Specifically, it can be converted into cash in some years, to give our pioneers autonomy of choice in deciding whether the money is better used for healthcare or other pressing living needs. To encourage prudence, this option can be capped at, say, five times. Fiscally, the budget should remain pretty much the same, but practically, our elderly pioneers will have an additional lever to pull in times of need."

Ms Tin also said that Singapore's education system must prepare its young for a competitive, fast-changing world.

Therefore, the system has to teach them to have multi-disciplinary skills, to be versatile and adaptable by equipping the young with skills of the future, in a world where work will be transformed and enabled by technology.

In taking steps to prepare children and youth for the future, she referred to how computer coding - a fundamental in understanding and designing technology - is proliferating schools in many countries.

"I am not saying that teaching coding is definitely the way to go; but it is important that our education planners adopt a future-oriented attitude in curriculum development."

- CNA/xk

----------------

AHHHhhhhhh Now... Tin Tin has something to say.

KAO LUO · 30-05-2014, 08:58 PM

ha ,,,,,,,,,,,,, return my CPF $$$$ .........Like old man have so many money ,,, can spend now ?? ha

Ben · 30-05-2014, 09:53 PM

of course its your money. but there's been a 'policy shift' or rather in this context 'goalpost shift'

Aris · 30-05-2014, 10:15 PM

Whatever it is, my medical bills this month is more than $600 even after being subsidize and I shudder to think what medical bills I have to pay in the next appointment on 3rd.

28-05-2014, 11:04 AM	#36
Aris Arofanatic Join Date: Mar 2011 Posts: 119	The strange thing is that the Manpower Ministry only sees fit to talk about our CPF only after LHL send Roy Ngerng a lawyer's letter. However, in spelling out that the CPF money is safe, nothing was ever mentioned about the low returns (less than inflation rate), how the CPF monies were invested and the shifting of the goalposts for withdrawal.

30-05-2014, 08:26 PM	#37
globalcookie Dragon Join Date: Nov 2007 Posts: 1,446	Make rules governing use of CPF more flexible: MP Tin Pei Ling SINGAPORE: The Government needs to evaluate the feasibility of guaranteeing a higher rate of return on Central Provident Fund (CPF) monies so that it can better withstand inflation and ensure Singaporeans' CPF monies will be well above the minimum sum, said Member of Parliament for Marine Parade GRC Ms Tin Pei Ling on Tuesday (May 27). Ms Tin, speaking at the debate on President Tony Tan Keng Yam's May 16 address, urged the Government to make the rules governing the use of CPF monies more flexible, to allow mature Singaporeans to take care of their immediate needs such as HDB mortgages and children's education. Said Ms Tin: "Such a move is in line with a more compassionate society. Does it mean a higher risk that some Singaporeans will not have enough in their old age? Maybe, but the reality is that some of these Singaporeans are in desperate need for help and we need to help them reach that life buoy as they try so hard to paddle ashore on their own." She also called for more flexibility in the use of the Medisave payout of the Pioneer Generation Package. "Specifically, it can be converted into cash in some years, to give our pioneers autonomy of choice in deciding whether the money is better used for healthcare or other pressing living needs. To encourage prudence, this option can be capped at, say, five times. Fiscally, the budget should remain pretty much the same, but practically, our elderly pioneers will have an additional lever to pull in times of need." Ms Tin also said that Singapore's education system must prepare its young for a competitive, fast-changing world. Therefore, the system has to teach them to have multi-disciplinary skills, to be versatile and adaptable by equipping the young with skills of the future, in a world where work will be transformed and enabled by technology. In taking steps to prepare children and youth for the future, she referred to how computer coding - a fundamental in understanding and designing technology - is proliferating schools in many countries. "I am not saying that teaching coding is definitely the way to go; but it is important that our education planners adopt a future-oriented attitude in curriculum development." - CNA/xk ---------------- AHHHhhhhhh Now... Tin Tin has something to say.

30-05-2014, 08:58 PM	#38
KAO LUO Endangered Dragon Join Date: Jan 2002 Posts: 96,529	ha ,,,,,,,,,,,,, return my CPF $$$$ .........Like old man have so many money ,,, can spend now ?? ha

30-05-2014, 09:53 PM	#39
Ben Dragon Join Date: Feb 2001 Posts: 1,918	of course its your money. but there's been a 'policy shift' or rather in this context 'goalpost shift'

30-05-2014, 10:15 PM	#40
Aris Arofanatic Join Date: Mar 2011 Posts: 119	Whatever it is, my medical bills this month is more than $600 even after being subsidize and I shudder to think what medical bills I have to pay in the next appointment on 3rd.

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