CPF is a scheme badly in need of reform..here's why...
#71
1-7-2020 5:32 PM
Bulldogge said:
Sg is not a good place to retire.
Either the living expense or medical expense will kill you...
Best take out cpf n go be a little king in thailand



yes..............and with more ''happy endings'' you can handle........... Laughing
Quote
#72
I hope pap govt reflect on the much needed changes to CPF.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
Quote
#73
Promise has already broken, no more asset enhancement.
Con Ppl Fund shd have reformed long time ago.
Stop using Con Ppl Fund to speculate on property.
Modern slavery at work.

It is purely for retirement.
Restrict it to 15 years of housing loan.
Stop using so much future $$$ which you do not own to buy a 99 years rented flat. Standard Minimum sum must be hit before retirement otherwise, cannot use the fund to pay housing loan.

New citizens can only buy new BTO flat after 5 years getting the citizenship and PRs are 10 years for buying hdb resale flat since they did not perform National Service.
笨拙的人讲道理,聪明的人说故事。
Quote
#74
1-7-2020 8:12 AM
sgbuffett said:
Hi. The main purpose of CPF is for people to have enough for retirement.

If they dont have enough. It does not serve its purpose.

A full scheme complemented with progressive tax hss been discussed. A flow back from GIC which has used CPF funds via sales of govt bonds to build reserves should be considered.

But the govt has done nothing....in the mean time many elderly are suffering.

The pap govt is mismanaging the country and causing much suffering.
[Image: 8PGkSwI.png]

One by one the pap candidates step up to sell their "humble backgroumd". Plse stop this crap. Which will fight against the system to stop the suffering among our elderly. None. These PAP guys are good at taking care of themselves that ishow they make their way up lile Ivan Lim.

If one don't work and save enough during the working years, naturally, there won't be enough during retirement.
Quote
#75
13-7-2020 6:39 AM
winbig said:
If one don't work and save enough during the working years, naturally, there won't be enough during retirement.

Thw fund takes in 37% of people's income...highest in the world dor contribution rate lowest adequacy.

Something has to be done.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
Quote
#76
13-7-2020 6:32 AM
sgbuffett said:
I hope pap govt reflect on the much needed changes to CPF.

Dont expect them to change.
Let the opp do the job.
笨拙的人讲道理,聪明的人说故事。
Quote
#77
Stop exploiting CPF to build reserves immediately.

Funds should be managed for the benefit of Singaporeans in the long term.

CPF shouls meet its primary purpose first...and not be a swiss army knife ....
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
Quote
#78
13-7-2020 6:43 AM
sgbuffett said:
Thw fund takes in 37% of people's income...highest in the world dor contribution rate lowest adequacy.

Something has to be done.

Another lie. Employee contribute 20% of their gross salary while extra 17% is contributed by the employer. The extra 17% is not part of the gross salary.
Quote
#79
13-7-2020 6:50 AM
winbig said:
Another lie. Employee contribute 20% of their gross salary while extra 17% is contributed by the employer. The extra 17% is not part of the gross salary.

The total contribution is significant and amount contribute is 37% of gross salary.

I said "of" not "from"....if you want to quibble.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
Quote
#80
13-7-2020 6:50 AM
winbig said:
Another lie. Employee contribute 20% of their gross salary while extra 17% is contributed by the employer. The extra 17% is not part of the gross salary.

What u expect from sgbutt sia..
[Image: 2dtrb6v.jpg]
[Image: 20r9tll.jpg]
Quote
Users browsing: 1 Guest(s)


Forum Jump: