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A die-hard PAP supporter Christopher Peirera got the shock of his life when he was told by a CPF staff to start “saving” to top up his CPF savings!
Christopher, who was known for making figurines of the late PAP Supreme Leader Lee Kuan Yew went to the CPF Board lately to enquire about his monthly CPF payouts when he reached 65 years old.
He was told he needed to have at least $171,000 in his retirement account to get a monthly payout of $458 for 28 years.
When he remarked that $458 monthly is not enough to pay for his expenses, he was told by the CPF counter staff to start saving up!
Christopher was clearly traumatized by his encounter and posted on his Facebook page saying that “looking beyond the future, it seems not promising.”
According to a PAP Minister, Singaporeans currently draw an average of $355 monthly from their CPF retirement account from 65 years old which is insufficient to survive in high cost Singapore, forcing many poor elderly to continue working till they drop dead.
Being disillusioned and disappointed by the PAP, Christopher has since switched his support to the Workers Party and making figurines of its former Secretary-General Low Thia Kiang:
https://temasektimes.wordpress.com/...pf-staff-asked-him-to-save-to-top-up-his-cpf/
Christopher, who was known for making figurines of the late PAP Supreme Leader Lee Kuan Yew went to the CPF Board lately to enquire about his monthly CPF payouts when he reached 65 years old.
He was told he needed to have at least $171,000 in his retirement account to get a monthly payout of $458 for 28 years.
When he remarked that $458 monthly is not enough to pay for his expenses, he was told by the CPF counter staff to start saving up!
Christopher was clearly traumatized by his encounter and posted on his Facebook page saying that “looking beyond the future, it seems not promising.”
According to a PAP Minister, Singaporeans currently draw an average of $355 monthly from their CPF retirement account from 65 years old which is insufficient to survive in high cost Singapore, forcing many poor elderly to continue working till they drop dead.
Being disillusioned and disappointed by the PAP, Christopher has since switched his support to the Workers Party and making figurines of its former Secretary-General Low Thia Kiang:
https://temasektimes.wordpress.com/...pf-staff-asked-him-to-save-to-top-up-his-cpf/
