Is CPF Life a con job ?

[Qantas]

sorry thhe above post should read "raise age for withdrawal of CPF from 55" and not "retirement age"

 

[Watchman]

PAP government (and many other governments too) have been guilty of restropective application of laws by holding residents hostage. When a resident opens a CPF account (or social security account as known elsewhere), the terms and conditions and regulations as at opening should stay as it is throughout. Any changes in terms and conditions, new regulations and schemes should only apply to accounts opened after the changes are introduced, not compulsorily applied to pre-existing accountholders without their consents, i.e. they should be allowed a choice of opt-in or opt-out.

PAP government does go under the cover of offering certain limited opt-in or opt-out choices, but beneath that cover pushes through and shafts down many no-choices without people noticing, just accepting for granted that's the way law is.

Why people put their into CPF . Your earnings easily exceed
the interest rates . So they encourage you to support their
CPF by coming down hard on job opportunities .
We never like the government to subject us to
restriction in today's financial conditions .
Flooding it with FTs . Make your choice wisely . Spend wisely .
for those working class.