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The PAP Wayang on CPF is going full steam ahead
- Thread starter winnipegjets
- Start date
And many ppl here have expressed views NOT supporting Roy and I labelled them 'UNGRATEFUL BASTARDS' and they will hit back like their Master Ah Loong.
Some Sinkie, likely the 60.1%, does not deserved to be saved!
Very true. But not even one PAP dog ever asks govt. to return cpf money to those who reach 55 years of age as promised.
I have a question:
I've heard, but cannot confirm, that the default position during nomination is that the monies of the deceased would go into the nominees' CPF accounts.
When one dies, is one's CPF money released to one's nominees in cash, or into their CPF accounts? I've heard, but cannot confirm, that the default position during nomination is that the monies of the deceased would go into the nominees' CPF accounts.
No lah. They will issue cheque to the nominees. But it takes a bit of time to get the cheque.
You meant all the amount in OA+SA+MA in cheque,
You and everyone else fails to understand the real reason for the low interest rate of the CPF. Its kept deliberately low so as to discourage people from leaving their money in it, and instead use it to pay for their overpriced HDB flat thru downpayment and monthly payments. If the rate of interest for CPF was 6.5%, there will be many people who would prefer to leave the money in there instead of using it for the biggest govt. money maker, aka HDB flats.
Great point. The HDB programme is akin to an open market operation except that you are given an overpriced leased flat for your hard-earned dollar.
If you buy the pigeon hole on the high and the market plunges. It takes about a decade for your pigeon hole to get back to your purchase price, leaving you with a decade to get some gain. Under this scenario, you can say goodbye to a comfortable retirement. The property market has eaten you up alive.
Retirement savings used for property is a VERY bad idea.
Just ask the PAPzis why they are refusing to give more than 2.5% when they boast that they make 17% per annum from Temasick and GIC. Why Malaysia and other countries can adjust to pay their citizens more but not the PAPzis. Tell the PAPzis that such behavior on their part is what makes Singaporeans disconnected from the PAPzis. If Temasick gains then the people should gain. Then whack them on why CPF has been encouraged by the PAPzis to be used to purchased public housing instead of for retirement. Then whack them again for charging sky high prices for public housing.
There is ABSOLUTELY NO VALID reason for not paying higher returns to CPF funds. The PAP government repeats the same excuse, that it is safe return. A safe return for the CPF member is 50 percent of the return earned by GIC and Temasek from the use of CPF.
The PAPzis have nothing to stand on. Everything they have touched has turned to shit. Every public good that they have brought to citizens has turned to shit. They have had over 50 years of unabridged governance and they solely should take the blame for the huge fiasco that they have created and continue to create. The issue now is that every policy mistake compounds previous mistakes and their social engineering has put the entire country and its citizens in grave danger of slipping into an economic barren for which there will be no escape for the large number of lower and middle income Singaporeans.
PAP is not going to relent, higher interest for CPF members equates less for govt. HC be aghast!
