My 2 cents worth is :
1. As long as CPF remains as rigit or min sum increase again and
again, or some other rules they introduce later, such a scheme will
not last long.
2. Unless CPF becomes so flexible that account holders who own
the money can withdraw them easier at say age 55 years
onwards, there is high chance the people will not accept this for
long. The current PMETs will be those retirees. they are
not the old generation. They are the new generation.
In short, I do not see this CPF scheme will last. sometime
in future, it will become flexible as long as people wants
it.
take the 2 cents and put inside my piggy banks, today
professionals are going more toward contractual jobs that paid
directly, CPF will in future become an option, and with an option,
for certain, no one with the right mind will vote for it.
I urge CPF to align itself back to it main objectives, tho they
may be old peoples spending all their CPF saving off to gals and
leisure without a single knowledge of financial managements, the
percentage is very minor, and that happen in every countries in
this world, therefore the excuses govt give that we do not know how
to handle our bulk of retirement CPF is totally nonsense. And when
introduce policies to withheld the CPF mini sum and make it
into a 3 options annuity slow payout, it affected 90% of people who
knows how to handle their own financial aspect, is that fair???
