51% of Singaporeans cannot meet minimum sum

[sta1100]

Very simple, set aside $123k after that Yr problem yu have $$$ in CPf, but don't we still have to pay them $$$ to come out law to tie ourself

 

[loloba]

!.I had relatives who hdb kenna govt bought back. 3 rm changed to 4 rm flat. Plus mrt besides. Previous ones no mrt. Stayed for 30+years, now left 60+ years. Worth it or not? You tell me?

Is worth it only if your relative can sell his hdb in the open market and get a new flat. There is no way he can do it. He has to pay levy for the 3 room flat if he were to sell it in the open market.

When the govt bought over it is at a price determine by them and to upgrade to 4 room depending on location is not worth it.

For the extra space you have to pay at least $100K for the next 30 years plus loan interest. The $100k can be better use for other investment or savings.

No MRT, 30 years ago there was no MRT.

Is still worth it becase you need not burden himself with the new loan, it is not as if the govt compensate you by giving you a 4 room flat in exchange for your 3 room flat.

Is worth it only when the govt wishes to demolish and rebuilt and compensate you. So you tell me worth it or not. If HDB is for investment govt should compensate you.

Talking about MRT it does not come as a compensation package now that they need to acquire your property and you have free mrt ride.

 

[cathylmg]

!.I had relatives who hdb kenna govt bought back. 3 rm changed to 4 rm flat. Plus mrt besides. Previous ones no mrt. Stayed for 30+years, now left 60+ years. Worth it or not? You tell me?

Is worth it only if your relative can sell his hdb in the open market and get a new flat. There is no way he can do it. He has to pay levy for the 3 room flat if he were to sell it in the open market.

When the govt bought over it is at a price determine by them and to upgrade to 4 room depending on location is not worth it.

For the extra space you have to pay at least $100K for the next 30 years plus loan interest. The $100k can be better use for other investment or savings.

No MRT, 30 years ago there was no MRT.

Is still worth it becase you need not burden himself with the new loan, it is not as if the govt compensate you by giving you a 4 room flat in exchange for your 3 room flat.

Is worth it only when the govt wishes to demolish and rebuilt and compensate you. So you tell me worth it or not. If HDB is for investment govt should compensate you.

Talking about MRT it does not come as a compensation package now that they need to acquire your property and you have free mrt ride.

I think you must be an FT. How come your views not updated and very bias ones. Its 3rms to 4rms free of charge man. Its not the 70s or the 80s nor the 90s liao dear, when the gov buy back its at market price. Brand new houses are always cheaper then market price plus 30k rebate because of government buy back will come up to free upgrade. As for MRT, its a bonus.

 

[Ramseth]

So that means they are going to need to accumulate enough on their own, or the government will have to increase their support to the elderly population."

I don't have enough for CPF MSS. Does that mean the government is going to support me when I'm 64?

http://www.youtube.com/watch?v=tGtSpsYURAQ

 

[cathylmg]

I don't have enough for CPF MSS. Does that mean the government is going to support me when I'm 64?

http://www.youtube.com/watch?v=tGtSpsYURAQ

If you are in aussieland sure have one...but too late for you cos if you migrate now you are 1st generations which don't qualify. Will kenna feed their old people for them by paying exorbitant tax only.....

 

[Ramseth]

If you are in aussieland sure have one...but too late for you cos if you migrate now you are 1st generations which don't qualify. Will kenna feed their old people for them by paying exorbitant tax only.....

That was a light-hearted look at social safety net and a light-hearted melodious song of course. I think nobody wants to be reliant on handouts unless necessary. Everybody prefers to be independent on their own.

 

[theDoors]

CONCERNS OVER THE ELDERLY
http://www.todayonline.com/Singapore/EDC101218-0000179/Fewer-PRs,-new-citizens

The review also found that under half of active Central Provident Fund members were able to meet the Minimum Sum requirement upon reaching 55 years old. The proportion has fallen steadily since 2005 - from 55.6 per cent to 49 per cent last year.

 

[cathylmg]

CONCERNS OVER THE ELDERLY
http://www.todayonline.com/Singapore/EDC101218-0000179/Fewer-PRs,-new-citizens

The review also found that under half of active Central Provident Fund members were able to meet the Minimum Sum requirement upon reaching 55 years old. The proportion has fallen steadily since 2005 - from 55.6 per cent to 49 per cent last year.

So what are they going to do? Put somemore money in my pocket?

 

[theDoors]

So what are they going to do? Put somemore money in my pocket?

It just means more people are left behind during the Premiership of LHL.

 

[cathylmg]

It just means more people are left behind during the Premiership of LHL.

Yeah. Its election time coming liao. Thats why all these things are floating to the top. No solution one lah. The same with most other countries. Who wanna take care of other people's grandpas and grandmas? Who so charitable? Where to find the budget?

 

[makapaaa]

When is the next GE?

 

[theDoors]

Yeah. Its election time coming liao. Thats why all these things are floating to the top. No solution one lah. The same with most other countries. Who wanna take care of other people's grandpas and grandmas? Who so charitable? Where to find the budget?

If we can blow 50 billion away in savvy investments without batting an eye lid, I am sure we can have a basic social safety net.

 

[po2wq]

So what are they going to do? Put somemore money in my pocket?

u r rite! ...

dat burger's gonna want u 2 put mor of ur moni in2 his pocket ... :o

 

[cathylmg]

If we can blow 50 billion away in savvy investments without batting an eye lid, I am sure we can have a basic social safety net.

Hopefully lah. Hope enough people rise their concerns inordered to make an impact.

 

[po2wq]

If we can blow 50 billion away in savvy investments without batting an eye lid, I am sure we can have a basic social safety net.

blown away is ur moni ... gif 2 safety net is 2 gif u moni from my pocket ...

no ... dun make cents ...

 

[po2wq]

It is scary to see such post. What it means is that THEY are thinking of ways to ensure that WE will meet the minimum sum required.

u may b rite, man! ...

mayb ask u 2 take less home ... donate mor gambling chips la ... :o

 

[cathylmg]

u r rite! ...

dat burger's gonna want u 2 put mor of ur moni in2 his pocket ... :o

Agree with you totally. The more social securities your ask for, the more you'll pay for it, with your own money. Its the same for the whole wide world.

 

[annexa]

hope singaporeans have more backbone and stop blaming FTs for the problems

without FTs who will do the construction, marine, retail, F&B jobs?

Sinkies of course. Employers will have to pay or co-share re-training for second career sinkies. Instead of now everything get cheap and leave sinkies in lurch while paying super extra to bosses. :oIo:

 

[annexa]

If CPF which is suppose to be for our retirement cannot perform its function correctly, then CPF has screwed up. If CPF has screwed up, WHY THE FUCK ARE WE PAYING SO MUCH TO KEEP CPF SCHOLARS AND TOP BOSSES THERE?

Please explain.

 

[cathylmg]

Sinkies of course. Employers will have to pay or co-share re-training for second career sinkies. Instead of now everything get cheap and leave sinkies in lurch while paying super extra to bosses. :oIo:

Yeah! Which is what they are doing now. Via WS.