Good luck to all elderly singaporeans!!!!!
Retirement means 'death', so don't stop working: MM Lee
By Clarissa Oon
'With nothing to do, no purpose in life, you'll just degrade, go to
seed,' said Minister Mentor Lee Kuan Yew who turns 85 this
year.
A SEDENTARY retirement will sound the death knell for anyone, said
Singapore's Minister Mentor Lee Kuan Yew, ruling out this concept
for himself.
"With nothing to do, no purpose in life, you'll just degrade, go to
seed,' he said on Friday at a dialogue session during a conference
on ways to tap the seniors' market in Singapore and the
region.
Mr Lee, who turns 85 this year, said that an active life, regular
exercise and frequent travel were his secrets to ageing
gracefully.
The biggest punishment a man can receive, he said, is 'total
isolation', which he defined as 'if you're not interested in the
world and if the world is not interested in you.'
Speaking at the Silver Industry Conference and Exhibition (Sicex),
held at the Suntec Convention Centre, MM Lee also defended the
Central Provident Fund scheme and argued against pensions for the
elderly, which have to be supported by tax revenues.
The CPF scheme, he said, helps Singapore to remain competitive, as
it aims for 'minimum tax rates and maximum self-sufficiency'.
'This way you are not passing the burden (of caring for the
elderly) to the next generation,' he added.
More details of MM's words to come later.
