http://www.channelnewsasia.com/news/singapore/highlights-from-pm-lee/1612322.html
Singapore Prime Minister Lee Hsien Loong hosted a live Q&A session on Facebook on Saturday (Jan 24), where he responded to questions on everything from public transport fares and CPF funds, to how he relaxes.
Q: Dear PM Lee, why can I not use my CPF the way I want to? I want to spend it on my family while still alive. Will there be a change in policy to allow ultimate discretion to the account owner? The minimum sum seems more like a blackbox as the portrayed scenarios to justify it may not apply to every single Singaporean.
A: The CPF is just the basic amount to take care of everyone in old age. The Minimum Sum is not a lot. Every society has some arrangement like that, and ours is the CPF.
Singapore Prime Minister Lee Hsien Loong hosted a live Q&A session on Facebook on Saturday (Jan 24), where he responded to questions on everything from public transport fares and CPF funds, to how he relaxes.
Q: Dear PM Lee, why can I not use my CPF the way I want to? I want to spend it on my family while still alive. Will there be a change in policy to allow ultimate discretion to the account owner? The minimum sum seems more like a blackbox as the portrayed scenarios to justify it may not apply to every single Singaporean.
A: The CPF is just the basic amount to take care of everyone in old age. The Minimum Sum is not a lot. Every society has some arrangement like that, and ours is the CPF.