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07-12-2011, 11:45 AM | #11 |
Arofanatic
Join Date: Mar 2011
Posts: 119
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"You can opt out of the contribution by going to the CDAC website and download an opt-out form."
If you wish to, you can opt out even though the amount is small, it is not ethical for them to have so much in reserve. The reserve appears to be invested in instruments to gain profits, similar to what a few Town Councils did that lost money. |
07-12-2011, 12:34 PM | #12 | |
Arofanatic
Join Date: Jun 2003
Posts: 113
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07-12-2011, 03:16 PM | #13 | |
Dragon
Join Date: Nov 2007
Posts: 1,446
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The gov made this $1 contribution seems 'compulsory' and have been milking citizens. So, can we all cancel our payments? But than there are those less privilage who really benefitted despite the high overheads.... I too, don't agree with 40% towards salary and administration. It shdn't be more than 20%. |
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07-12-2011, 05:46 PM | #14 |
Arofanatic
Join Date: Jun 2003
Posts: 113
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Yup >40% on staff costs... then what about office rental and other expenses....
Think the money that spent on the needy will be less than 50% liao.... |
07-12-2011, 07:30 PM | #15 |
Endangered Dragon
Join Date: Jan 2002
Posts: 96,529
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hahahaahah!!! ............not their money ...... ka ka young ,, ka ka heng
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07-12-2011, 11:15 PM | #16 |
Guest
Posts: n/a
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Well they better do something about releasing some of that reserve to better the lives of the less fortunate. What's this idea of squirrelling away people's monies what are they trying to achieve?
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08-12-2011, 02:55 AM | #17 |
Arofanatic
Join Date: Jul 2005
Posts: 339
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08-12-2011, 03:03 AM | #18 |
Moderator
Join Date: Feb 2003
Posts: 1,018
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Are there any benefits for contributing to CDAC?
What are the penalty/punishments/disadvantage for opting out? |
08-12-2011, 12:54 PM | #19 | |
Dragon
Join Date: Nov 2007
Posts: 1,446
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Why don't the gov come up with a policy, that no more than 20% of funds can be used for administration and operations?? $2mil to run the org, that should be sufficient. They shd be run, LEAN! I am also curious. I will consider opting out. Rather give directly to pple that will benefit than to such. |
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08-12-2011, 01:13 PM | #20 |
Guest
Posts: n/a
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The amount from each individual is very small, but it's the wrong way of managing people's monies. the idea is to help the less fortunate, why can't they stick to the original mission and objective of raising the funds in the first place?
All these years, new buildings pop up with fancy architecture and all using tax monies that come from all of us. What's diff between them and NKF? |
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