Worker wanted more cash instead of CPF

last SG · 2006-05-22T21:22:20+00:00

Don't scold our government lah..they are seeing it. Maybe I am too fortunate loh..because I am a pig mah.. I never come across so much problem that why I d...

king108 SG

Sorry.I too long never work leh..don't know the "Hung Qing".. Thanks for giving me this information.. Embarassed

So employee where got take back more cash..? I meant for low wage worker..in their case, it will make them more difficult to be employed when compared to even any Malaysian. (Malaysian, don't need to pay CPF right?)

I studied no much..is there a increase in bring home money? Confused

ozon SG

hmm....EVERYBODY wish to bring back more cash.

Isn't that minister speaking the obvious? Laughing

who likes their own money to be tied down by force?

king108 SG

For all the statement given by most of the forumer, no one mentioned that there was an increase in bring home cash for the low waged worker leh..

Unless got hidden income which we don't know? cannot be right Confused

Unless low wage worker pay less CPF or employee pay cash to them instead of CPF..else where is the extra money coming from?

Really cannot eat cannot sleep..

ozon SG

Maybe lower basic salary but higher allowances.Therefore,take home more cash?

king108 SG

Embarassed Got such thing one meh..I read my old pay slip..only got basic, monthly variable component, nothing else.

Basic more important..unless you telling me allowances is higher than basic?

king108 SG

Embarassed sorry for selectively quoting, actually I got no intention to employ foreigner labour or semi-skill foreigner worker.

Cannot spell it out here, cause going to offence a lot employers here. How many worker(s) going to get good wages when my competitors are using foreigner labourers which are taking at $22 per day or even highest $35 per day type..Without obtaining the contract will be equal to no job..you will see few more singaporean's families going to CDC and MTP sessions. Of course, few more unhealthy students asking for free breakfast.

If local verus local, I can be more confident of a better payout for my worker(s) but in real practise it can be only a dream while waiting to be true. Unless my competitors uncut to drive his merc which is very unlikely, because his worker will betray him after prolonged suffering.

Need no to benefit potential employer like me, I am more willing to pay them the 13% to bring home at current market situation instead of going into CPF.

Chinese saying "soldier no decently paid will never fight a winning battle" even you can be a big general leading the troop.

robertteh SG

If our leaders really understand our workers' needs and aspirations, they will know long long ago that they want more cash. From cash they can manage their life better with greater flexibility. It is not true that they will squander their cash more readily when they have more cash.

Ministers in charge have made some fundamentally wrong assumptions that it is necessary to enforce savings. Look at the state of CPF nestegg today, many people ended up losing their entire savings due to enforced saving scheme being finally incorrectly liberalised by none other than government ministers themselves resulting in most people losing them on shares, property etc.

With more cash at their disposal, economy has a better chance to do better. Cash will lead to greater private investments instead of being locked up.

People were unable to correct ministers' many past wrong assumptions because their views are often edited, censored or witheld from publication by the controlled press.

Here at this forum, I hope more people is able to come up with more correct view to put forward to the government - do not just conceive any scheme from one point of view whether for its own surpluses or employers' competitiveness.

So when you keep referring to employers having to compete for cheaper foreign workers in industries relying heavily on foreign workers, I am sorry to say that this kind of thinking is biased towards the employers and government and at the end we will end up not making government getting more tax revenues or the employers getting more competitive.

Some thinking in the past are always big-banner propaganda-type of thinking and not really good in improving our economic competitiveness.

India and China are now surging ahead for different reasons with each applying its own strength. It does not rely solely on making cheaper and cheaper products. India uses its niche very well in software engineering which open up whole industries to benefit workers and spin the economy.

China depends a lot of multi-cultural talented manufacturing to reach out to the world producing what the whole world needs. It is capable of making the whole new high-technology products within a short time.

Singapore is too control minded in everything is does. Its governemnt spells out a few policy assumptions and stick to them like glue.

So by over-emphasising on a very unchangeable policies of the past centred on pro-foreign investment incentivising, at the expense of building capabilities and entrepreneurship among its own domestic sector private economy, we are losing out in innovation and technology start-ups in many areas.

king108 SG

Embarassed Don't say that..It's just like the HDB upgrading incident..the designer never realised that people will get old only.

I am definitely pro singaporean..which is one of the reason I don't drive merc because I know money can be used on other area better.

I can pay a local low wage $50 - $60 excluded employer CPF a day, but is that enough for him to survive? After deducting his CPF, he is only left with $40/-. Will he give his children a healthy childhood?

Don't blame the government. I don't think they are at fault. maybe point the finger to the designer(s) will be better option. Crying or Very sad

robertteh SG

Here in this statement you are saying what we all citizens can agree on as the most important pillar of citizenry - people are not necessarily anti-Singapore when they express disgust against government's inefficiencies and wrong policies often carried on without change for too many years.

king108 SG

Cool A nation without the pillar of citizen can be called a nation? Then, why are we calling ourselves singaporean..and not malaysian.

I am not anti-government, why should I. Don't you know that government can change? so why must I be anti-government since I believed forgiving is more graceful then to bear "hatre".

I apologised if you had mistaken that I had express digust against efficients and right policies that government had introduced. I didn't..definitely.

I only pointed at the designer(s).. Laughing

king108 SG

Cool Sorry, are you saying ..anything also can talk now?

Wind6 SG

lets tok 5 yrs later Laughing

king108 SG

Laughing No problem for me..but I wondered will the low wage worker can wait or not.. Maybe can considered asking them to seek your help..you can?

ShutterBug SG

Aiyaa.. we can only talk so many c.ocks, and sing so many songs. In the end, will our government listen? Perhaps they only listen once every 5 years.

Only for a few days during the GE.

After that, it's back to their ways again.

Just tell me, how useful is CPF & the retirement funds???

dragg SG

the people have already voted. cannot wait also must wait!!

king108 SG

Cool I wondered whether you contributed to CPF. I strongly agreed that it is useful, else I wouldn't be here talking to you. Laughing I will be running road and looking for S with 11 already.

Cool In this thread, I am talking on more cash taken back by the lower wage worker. I believed that they wanted to bring more cash back if their salary remained the same or with the little increment.

Hence, my question is that are they really bringing more cash back home?

Senna SG

hi all,

Seems like the topic is kinda straying, but jus offering my 2 cents, pls dun flame me.

CPF works as a mandatory form of savings, initially planned for retirement purpose. Noble target, but mismanaged in my opinion.

As opposed to being able to withdraw your "retirement funds" there is a mandatory minimal amount required prior to withdraw (anyone can ascertain this?) This is totally contradictory to its original intention of retirement funds right?

The last I remembered the minimal sum is S$100,000. Lets face it, how many of us are able to have that surplus in our account by the time we retire at the 20/13% ruling we have currently?

The monthly CPF does have its pros as well. Its good to use for your monthly housing mortage, apart from that, I seriously do not see much benefits in that system.

Plus if you plan to migrate, you will still not be able to withdraw your CPF money, kinda dumb if you ask me. But as some of us have mentioned, elections is over and pls do not flame the government or complain cos its OUR choice that they are placed there to implement all these mandates. In HOPE of making Singapore a better place to live in. Rolling Eyes

Wind6 SG

suck thumb n squeeze ball n wait lor Laughing

if we buy hdb flats shld deplete more or less our cpf liao Cool

king108 SG

Embarassed I am seeing HDB into the picture.. I respected those who brought expensive HDB house..so if you have brought one. I respected you.

Don't need to respect me because I buy only cheap HDB flat..no good..don't buy..buy the expensive one.

I really respect you all.

dragg SG

the basic sum is $120k.

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