Whenever people talk about pension scheme, the basic principles
would always be: to compensate the government employees for
long-term loyalty, below-market salaries or some other
criteria.
The important issues no matter what other talent the MPs or
ministers may have is to use commonsense and to debate in front of
the whole population when taking this kind of monies like millions
of annuities for life of retired MPs and Ministers whether they are
prepared to be honest to want to follow such basic
principles.
If these basic principles cannot be followed then what principles
they now want to change and add to the traditional pension scheme
should be put forward for all to accept and not just by their own
MPs to avoid conflicts of interest. (remember Durai and Richard
Yong were charged in court for such taking or self-rewarding of
wages and bonuses and benefits)
These has to be the same accountability and transparency when MPs
and ministers are taking or approving their own salaries, bonuses
and life-long pensions when citizen employees are not entitled and
even have their retirement CPF drawdown date postponed from 55 to
85.
If there is no explanations again then this kind of taking is
daylight robbery.
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