Govt says:you can borrow money from yourself if unemployed

last SG · 2011-02-09T21:24:03+00:00

lun lai lun kemoney roll here and there...not really... you spent the monies drawn out from CPF... and it goes to the retailers and govt.... and you have to...

innosaint SG

Plans to help older low-wage workers

SINGAPORE: A workgroup set up by government feedback portal REACH, which looked into manpower issues, has recommended better support programmes for low-income workers who are above 65 years old.

It recommended an unemployment credit, in which a worker who has been laid off can take a loan from his Central Provident Fund (CPF) account for three months.

The loan amount would be determined by the last-drawn salary of the worker, and would be subject to a cap of three months.

To fund the scheme, workers would contribute one per cent of their monthly income. The government would co-fund the scheme by making the same amount of contribution.

Those earning below S$1,000 may be exempted from contribution, with the government paying the full amount into the account.

The loan has to be paid back upon employment.

http://news.xin.msn.com/en/singapore...mentid=4628491

Geez, did they really think this sort of stuff up while having a dump?

Such a ......

gangsterkillar SG

WTF is that shit?

First disallow CPF withdrawal. Now allow, but you hv to "borrow fr yourself"??

So at wat age really then can take out our CPF monies?????

charlize SG

And you thought withholding your cpf was bad enough.

Does this constitute "illegal loan sharking" since you are not a legal money lender?

innosaint SG

And you thought withholding your cpf was bad enough.

Does this constitute "illegal loan sharking" since you are not a legal money lender?

I think not. Govt acting as yr guarantor loh.

But if you cannot pay back "yourself" or to yr CPF, maybe you will kena charged wif the O$P$ law.... the legal one of course!

charlize SG

I think not. Govt acting as yr guarantor loh.

But if you cannot pay back "yourself" or to yr CPF, maybe you will kena charged wif the O$P$ law.... the legal one of course!

You spray paint O$P$ outside your own home?

And include your name, IC and hp number?

SevenEleven SG

i thought it was a hare brain idea in the year of the rabbit but then i supposed not because it is the idea from our elite

Ä«Õß:¸ïÀë SG

I think not. Govt acting as yr guarantor loh.

But if you cannot pay back "yourself" or to yr CPF, maybe you will kena charged wif the O$P$ law.... the legal one of course!

ha ha ha...... KNN

So gahment will go your house phua chak and put pig's head huh.....?

Or you phua chak on your own house.....?

Ha ha ha ha........ NBCB, their tao nao is all SHIT!!!

Ä«Õß:¸ïÀë SG

wah lan eh...... can't stop laughing leh....... best joke of the year leh.....

I'm imagining myself borrow money from myself:

ME 1: hi, wish to borrow some money leh ( looking myself in the mirror )

ME 2: how much you wan?

ME 1: wat about 3k?

ME 2: ok, lei bai seow, give you 2900, first installment paid...... give me your ic.

ME 1: thanks, every sunday will come and pay.

ME 2: must come pay, or else lim peh gang kue jiao cho.....

ME 1: ..............

Siliconchip SG

CPF is such a stupid idea. Just let people manage their own money, and abolish cpf.

charlize SG

i thought it was a hare brain idea in the year of the rabbit but then i supposed not because it is the idea from our elite

I hope they don't charge interest.

Imagine borrowing money from yourself and charging yourself an interest rate.

unclerexy SG

Our CPF is for white elephant purposes, just like the scholars we have in government agencies. surely somebody understands!

charlize SG

Our CPF is for white elephant purposes, just like the scholars we have in government agencies. surely somebody understands!

How will us commoners understand the minds of scholars?

How?

Hitman 2010 SG

spore govt now stands on the stupidity of present batch of sporeans....if they sit still n do nothing or hope for elections then theres no hope for sporeans!

if i wuz spore gov and pap wanna exit outa spore....pap will get another party they helkped form ,,,eg) XYZ party.....this XYZ party will protect PAP or ex pap members for next 50 years or so......

so elections...sporeans dun stand a chance...ESPECIALLY WITH THOSE SPOREANS WHO FEAR AND STILL FEAR DEATH WHEN THEY ARE ALREADY DEAD.

IF THIS IS HOW SPOREANS GO.....I WONDER IF GOD WILL RESPECT THEM ?SURELY SPORE GOVT DUN RESPECT THEIR SPOREANS...LKY EVEN WANTED TO SHOVE HIS SPURS UP SPOREANS HIDES AND SKIN EVEN!!!WOULD U DO THIS TO A DOG EVEN???

SPOREANS.....U BETTER ALL WAKE UP....ITS TOO LATE FOR U ALL ....EVERYONE KNOWS THAT.

Hitman 2010 SG

WILL EVERYONE GO VISIT LKY?ITS SIMPLE..U EITHER LET HIM SHOVE HIS SPURS UP YER HIDE OR U GO HOME KEEP QUIET N PRETEND TOMORROW WILL BE BETTER OR CHANGE SPORE FOR THE BETTER.

NOT ALL HAVE ALOT OF TIME TO CHANGE SPORE FOR THE BETTER.IF U ARE 30 YRS OLD...BY THE TIME U CHANGE IT....U WILL ALREADY BE 50YRS OLD.

unclerexy SG

oei, spelling ok.

grammar ok.

punctuation ok.

this is singapore, we must go by law, and the LOR is written not in you or MEE, but in english. even if you like to sms alot, you also must remebar 2 use RIGHT punctuaction and RIGHT gremmer and RIGHT sparling.

Ah kong loves u but Ah Kong and God only read emiao in proper written engrish. if u singapolang, then write singrish!

oei! singrish need effort ok!

haiz.

infidels.

βέτά SG

They take the money which rightfully belongs to you in CPF to give you a loan???

They are getting smarter by the days.

βέτά SG

When people fear the government, there is tyranny; when government fear the people, there is liberty.

When the government is rich, the people are poor; when the government is poor, the people are rich.

Kudos to PAP for thinking up ways to "fix us".

FBFIce SG

can i have my ma ne bak pls

Hitman 2010 SG

They take the money which rightfully belongs to you in CPF to give you a loan???

They are getting smarter by the days.

i wouldnt use term smart.smart is meant for inventors and for folks like bill gates.the correct term should be evil....not smart!

Hitman 2010 SG

so sporeans are all screwed big time for generations?!!!