Who authorises CPF Board to raise Medifund by 20% from January 1st?

[avelc]

The daft 60.1%...

 

[zeddy]

They keep on raising the bar higher and higher..

The higher they raise the bar, the more remote we'll ever see our hard earned money again..

 

[winners]

The CPF is my own hard earned money, not a gift from the government. Therefore, it is entirely wrong for the government to force their policies on how and when I can use my CPF money. Where is the "democratic society" as mentioned in the Singapore Pledge? This is tantamount to more like an imperialist and/or communist country where the government will have the final say even on your own assets.

For all I care, unless there is a written commitment from the government (and I dare them to do so) that they will take care of my old age and illnesses till my last breath, otherwise, I should be given the right to spend and/or save my money in any way I wish. Furthermore, I'm always ready to sign a letter of undertaking to indemnify the government to provide me from cradle to grave because I know fully well that this government will outsell and deprive its own citizens in favor of those foreigners.

 

[HappyCAMPER]

CPF is bankrupt. It has to figure out as many ways to prevent anyone from getting the money out. Next will be some medical insurance that will be compulsory for everyone to enrol. Like Obamacare or in this case, Pinkycare.
WTF!

 

[Sinkie]

The CPF Board said those who have met the CPF Minimum Sum and have an MRA shortfall at the point of withdrawal have to make a top-up to the Medisave Account....’

Is CPF a moron or what? Those who have MRA shortfall must be those who cannot meet minimum sum for its Retirement account, so how to top-up? From which account??

 

[batman1]

Most sinkees are still dreaming.CPF money not in your pocket is not your money.What u going to do about it ? Nothing.Lan lan.Most Sinkees voted to forfeit their CPF money to give to the pap,so lan lan accept it.KNNCCB to pap .

 

[KKNBHCB]

Medifund up by 20% song bo?

 

[KNNBHCB]

60% sibei song ah!!!

 

[KNNBHCB]

huat ahhhhh

Uncle KNNBCCB, you huat simi LJ??

 

[KKNBHCB]

Not you huat what. Chow cheng hu huat lah.

 

[sickpuppy]

To many retirees,CPF money is like coffin money,coffin money pap also want to makan,really chek Arg ! san chai mo shi fatt !

Then if they san lua how? No chee by ar? hehe

 

[sickpuppy]

Be like some people use up all his OA to buy the biggest pigeon hole. Then rent out that pigeon hole to FT and get back the $ pao u get more than 4% returns

 

[ray_of_hope]

Where is the "democratic society" as mentioned in the Singapore Pledge?

We have already been told that The Pledge is merely an aspiration.

Everything has become spin and a PR exercise.

 

[greedy and cunning]

Who authorises CPF Board to raise Medifund by 20% from January 1st?

thermasick and GLSee made request.
Pee M authoriesed.
can or not ?
======================

 

[Equalisation]

thermasick and GLSee made request.
Pee M authoriesed.
can or not ?
======================

walaneh, all in the family binya.

 

[watchman8]

Any money diverted away from ordinary account is less money for property developers.

 

[batman1]

Be like some people use up all his OA to buy the biggest pigeon hole. Then rent out that pigeon hole to FT and get back the $ pao u get more than 4% returns

What if the property market slump,u do not want to sell at low price and u cannot rent at high price.Your CPF money is stuck.
Actually,saving some cpf money in OA is good for retirement except for the unexpected and surprising raid on our CPF money by the bandit pap.
Imagine u put $50,000.00 in fixed deposit for one year with a bank.Then,the bank suka suka change the rules one day and announce to the world that u can only withdraw your fixed deposit plus interest ten years later !!! KNNCCB to PAP !!! This is daylight robbery !!!

 

[1sickpuppy II]

What if the property market slump,u do not want to sell at low price and u cannot rent at high price.Your CPF money is stuck.
Actually,saving some cpf money in OA is good for retirement except for the unexpected and surprising raid on our CPF money by the bandit pap.
Imagine u put $50,000.00 in fixed deposit for one year with a bank.Then,the bank suka suka change the rules one day and announce to the world that u can only withdraw your fixed deposit plus interest ten years later !!! KNNCCB to PAP !!! This is daylight robbery !!!

Slump or don't slump u tell me the rent pa is less than 4% of your capital?

 

[Goldeneye]

I'm always ready to sign a letter of undertaking to indemnify the government to provide me from cradle to grave .

What for you sign? There is no Dole and you pay for medical anyway... This is not Canada, not even Taiwan...