Parliament passes new CPF Life plan with aim of celebrating

last SG · 2009-07-21T01:02:30+00:00

Celebrating greater longevity with CPF Life is the aim of changes to the CPF Act passed by ParliamentWhat sorting of fucking reason is that?

Fantagf SG

can opt out meh? that article i showed you say cannot opt out

2 years back when they started this topic, i read some where that for those who bought from insurance companies are allowed to opt out.

Any way, by implementing this as compulsory it benefits them in all ways.

Bangulzai SG

i can see it benefits them (the ruling)

now the question is how does it benefit those under S$40,000

Fantagf SG

i can see it benefits them (the ruling)

now the question is how does it benefit those under S$40,000

I don't know.

Our CPF account is as good as the bank account of Pay and Pay. Whenever they want to earn money, they just go there take it from us. We are their bankers besides paying them their salary.

Bangulzai SG

Also can take employer 14.5%.

Fantagf SG

Also can take employer 14.5%.

14.5%???? Employers are contributing to employees

Bangulzai SG

all the money is mixed in our cpf accounts

Fantagf SG

all the money is mixed in our cpf accounts

The more $ we have in our CPF account, the more it benefits the greedy evils.

Bangulzai SG

Fantagf, other than CPF which u haf expressed disdain, wat abt tax?

Fantagf SG

Fantagf, other than CPF which u haf expressed disdain, wat abt tax?

This is the CPF thread.

Bangulzai SG

thks for reminding

walesa SG

If Bernard Madoff can siphon off billions through an illegitimate ponzi scheme that were subjected to strict supervision (relative to the noble ponzi scheme known as CPF), has it ever crossed the mind of an average Joe as to the scale of the astronomical sums this state-orchaestrated ponzi scheme - backed by the full force of the Constitution and whose modus operandi, unlike hedge funds subject to competitive market forces, is unrivalled in the market - would amount to?

Good luck to folks who have their money holed up in this gigantic ponzi scheme...

Fantagf SG

thks for reminding

You are welcome.

I am strongly against them making this compulsory. If they are paying for us I have no qualms. Think these greedy evils have gone too far to meddle in our private life.

Fantagf SG

Good luck to folks who have their money holed up in this gigantic ponzi scheme...

Well, unless we migrate we are spared. Unfortunately, not everyone is rich to migrate.

Bangulzai SG

agree

angel7030 SG

Well, unless we migrate we are spared. Unfortunately, not everyone is rich to migrate.

who said, poor also can migrate to india, cambodia, myanmar, laos, zimbalwe, congo, etopia etc etc more choice than the rich lor. You can go there become King and Queen. So dun say you cannot migrate ya..

Chew Bakar SG

You think only nia.....think you can migrate easily like some birds.

Fantagf SG

if your words carry weight, supersede what is required of those countries you named, then you can publish in the media to ask singaporeans migrate.

U really k c

kira.sg SG

Why migrate? Why don’t we vote them out?

Politicians have a shelf-life of 5 years only.

Fantagf SG

Why migrate? Why don’t we vote them out?

Politicians have a shelf-life of 5 years only.

Not true in the case of Singapore.

angel7030 SG

Why migrate? Why don’t we vote them out?

Politicians have a shelf-life of 5 years only.

and bear in mind that politician also can vote you out in just a matter of months

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