More Scams Planned To Makan Our CPF
The govt is now busy coming with more plans to makan our CPF money. This is hinted by Lim Boon Heng warning that current Eldershield scam is no longer sufficient, and the PAP govt is coming up with more schemes (scams) to further tax citizens of their CPF.
http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_325164.html
Mr Lim Boon Heng, Minister (Prime Minister's Office), also raised questions about the adequacy of insurance scheme ElderShield to meet seniors long-term care needs. While Mr Lim didn't elaborate on his statement, he hinted that the Government is currently reviewing the ElderShield scheme.
In his opening address to the forum, Mr Lim said: 'Long-term care insurance can become an uncontrollably growing beast, if it is not structured right. We have adopted a cautious approach.
' In September 2007, we enhanced the ElderShield scheme to help defray the cost of long-term care to the elderly and their caregivers. However, we need to consider if ElderShield is going to be sufficient. In view of our rapidly ageing population, it is imperative for us to find a way to adequately provide financing for long term care for all of us.'
The govt is now busy coming with more plans to makan our CPF money. This is hinted by Lim Boon Heng warning that current Eldershield scam is no longer sufficient, and the PAP govt is coming up with more schemes (scams) to further tax citizens of their CPF.
http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_325164.html
Mr Lim Boon Heng, Minister (Prime Minister's Office), also raised questions about the adequacy of insurance scheme ElderShield to meet seniors long-term care needs. While Mr Lim didn't elaborate on his statement, he hinted that the Government is currently reviewing the ElderShield scheme.
In his opening address to the forum, Mr Lim said: 'Long-term care insurance can become an uncontrollably growing beast, if it is not structured right. We have adopted a cautious approach.
' In September 2007, we enhanced the ElderShield scheme to help defray the cost of long-term care to the elderly and their caregivers. However, we need to consider if ElderShield is going to be sufficient. In view of our rapidly ageing population, it is imperative for us to find a way to adequately provide financing for long term care for all of us.'
