Good news ! CPF minimum sum raised !
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From 1 July this year, the CPF minimum sum, Medisave minimum sum and Medisave contribution ceiling will be raised. CPF members who turn 55 between 1 July 2013 and 30 June 2014 will need to set aside a minimum sum of S$148,000 in their Retirement Account.
Great ! I will have more money in CPF when i retired.
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Wait. can you even afford to be retired?
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Retiree.
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what else is new from the money suckers.
every week, every month there is something they increase in monetary term.
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puay kay qua everyday thinks of money. boloryong qua everyday thinks of how to sucks us dry.
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Originally posted by Clivebenss:
Retiree.
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It's for your own good lah.
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Dun anyhow spend spend on upgrades to your phone.
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char is bad.
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more bloody big news.
recently i juist learn that
gang rape (not only rape huh) = democracy
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only in fantasy books only, this mp from lala land.
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he cant write, only cut and paste.
likehis regular homeboys.
i ever ask one guy why he like to wear or uses the iron cross as his decoration for his bike and apparels, becasue i think the Jews may find it offensive.
he said its the 'hell' riders' symbol.
but he dont know that the 'hell' riders use it as equal to symbol to show off their power and agression and to boost their bravado as in the Nazi and SS ranks.
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Originally posted by Clivebenss:
char is bad.
No, I am not.
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char is bad.
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what we need is to generate more income from thes epeople's savings for the people. maybe enhance insurance scheme for old age people to take up with a affordbale yearly or monhthly sum of premiun so that once they reach a certain older age they can have more savings withdrawl on a monthly basis for their own daily expenses.
i beleive those that are still able to work, simple jobs suited to their age and health status, topped up with this savigs return scheme, they can get by and not have to burden the society or gahmen unnecessarily.
moreover keeping an active lifestyle at old age instead of gossiping imagingin things is good for our aging population. Else they can join more social service work, get a small sum of daily or monthly pay, keep active, help the others in the society, win-win situation.
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Originally posted by Clivebenss:
char is bad.
No, I am not.
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Each time the ruling governemnt increased the retirement age and CPF payout scheme, they are preventing Singaporeans from leaving the country. They don't want average Singaporeans leave the country with their CPF. Those who are unable to plan for their retirement without following the ruling government method, they will ended up like 'slaves'.
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the current interst percentage for the old people minimum sm is how much? can higher or not?
also any better insurance plans so that those retirment account money in their old people cpf can invest in and have a stable monthly return sum they can draw to support their daily expenses and livlihood.
depending on the retrineen taccount principal amount (some alot, some may be little) at least they can 'retire' not so difficult short of money.
they can thus choose to remain active by doing free social work, moderately paid social work, volunteer work, simple full/ part time work so supplement theur expenses and occasionally buy what they want to reward themelseves or save up for a short simple tour.
dont take the money and spend them away then ask for garment alms!
beer ciggerate money need sorry gahmen cant help.
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Originally posted by zulkifli mahmood:
Each time the ruling governemnt increased the retirement age and CPF payout scheme, they are preventing Singaporeans from leaving the country. They don’t want average Singaporeans leave the country with their CPF. Those who are unable to plan for their retirement without following the ruling government method, they will ended up like ‘slaves’.
you can withdraw your cpf in full and get out of this country. no one is stopping you, gahmen is not holding back your money for good. -
Originally posted by Deacon Blue:
you can withdraw your cpf in full and get out of this country. no one is stopping you, gahmen is not holding back your money for good.
They won't release all your CPF fund when you reach 65. They will hold back some for your medical fund though you are not living in Singapore. Not only that, if your CPF do not reach the require minimum sum, they will only release you small amout of money from your CPF....on a monthly basis. -
Originally posted by zulkifli mahmood:
They won't release all your CPF fund when you reach 65. They will hold back some for your medical fund though you are not living in Singapore. Not only that, if your CPF do not reach the require minimum sum, they will only release you small amout of money from your CPF....on a monthly basis.CPF is a pension tax lah.
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Really ?