is our cpf still OURS when we retire?

[leetahbar]

just curious about this. what's the new age of withdrawal? if it's our money saved for retirement, why can't we have it all back in one big LUMP SUM like the good o' days?

is our savings still OURS to begin with?

The CPF Withdrawal Calculator helps you project the amount you can withdraw upon reaching 55.

If you reach 55 between 1 July 2009 and 31 December 2009, the following withdrawal rules apply:
CPF Balance at age 55
(Excluding the amount in the Medisave Account)

Amount which can be withdrawn

$5,000 or less


All your savings

More than $5,000 but less than $12,500


$5,000 and set aside the remainder in your Retirement Account*.

More than $12,500 but less than $195,000


40% of the total balance in your Special and Ordinary Accounts. The remainder will be set aside in your Retirement Account.*

More than $195,000


All your savings after setting aside the CPF Minimum Sum of $117,000 (for July 2009 to June 2010) and the prevailing Required Amount ($18,000 for 2009) in the Medisave Account.

*The Retirement Account is created when a member reaches 55.

 

[Orochi]

just curious about this.

5th paragraph - the bastard cheebye kia bapok boasted how he bashed his defenceless 80 plus yr. old father:

.... i returned him with a swift and strong right hook across his cheek ..... i blocked and showered him with another few more blows hitting him face, belly and everywhere ..... he grimmaced in pain and rush to the kitchen.

9th paragraph - the bastard cheebye kia bapok continue his boast:

by then bloody lau han koo was really a bloodied lan han koo. his nostrils was bleeding from my socking. my arms was dripped with his blood too ....

 

[leetahbar]

our cpf seems to be the most complex and complicated con job that the majority can understand.

if it's our savings, it should be returned to us lot, stock and barrel. whatever we wanna to use it, spend it or invest it or worst splurge and and waste it - that's our problem. why is the paps so intruding into our personal life?

 

[Orochi]

our cpf seems to be the most complex and complicated con job that the majority can understand.

 

[Orochi]