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19-10-2011, 12:55 AM | #1 |
Dragon
Join Date: Oct 2002
Posts: 1,759
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Bye bye CPF.........
p://www.asiaone.com/News/AsiaOne+News/S...5708.html#embed
By Gwendolyn Ng AS LIFE expectancy increases up to 85 and beyond, the Government is reviewing the Central Provident Fund (CPF), which remains viable, Minister of State for Manpower and National Development Tan Chuan-Jin said yesterday. Speaking at a forum held at the National University of Singapore, he said: "We are enhancing the CPF system to make CPF savings last longer for members." This is because people underestimate how long they will live and how much they should save for retirement, Brigadier-General (NS) Tan said. Family support continues to play an important role in retirement adequacy. For instance, he said seniors could be supported through the Minimum Sum Topping-Up Scheme where members opt to top up their family members' CPF accounts. About $110 million in top-ups were made for parents and grandparents last year. |
19-10-2011, 12:58 AM | #2 | |
Dragon
Join Date: Oct 2002
Posts: 1,759
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Someone posted this in asiaone.........
Quote:
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19-10-2011, 01:46 AM | #3 | |
Arofanatic
Join Date: Jun 2003
Posts: 113
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Quote:
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19-10-2011, 09:01 AM | #4 |
Dragon
Join Date: Sep 2003
Posts: 1,457
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And all our shield insurance premium increased tremendously at 60 - 65.
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19-10-2011, 09:05 AM | #5 |
Dragon
Join Date: Sep 2006
Posts: 2,247
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AS good as gone. Think not many hv the chance to see the solid $$$......
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19-10-2011, 09:58 AM | #6 |
Endangered Dragon
Join Date: Jan 2002
Posts: 96,529
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ha ...... chor simi lan .PAP !!!
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19-10-2011, 01:10 PM | #7 |
Guest
Posts: n/a
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I read somewhere Singapore scores low on adequacy regarding retirement funds. The CPF is simply not enough for retirement, the ageing population is a time bomb waiting to explode and the garment is not doing much except wayang and bird talk. Come 2020 to 2030, a large share of votes will come from the older segment, many of whom may not have sufficient retirement funds. Guess what's going to happen?
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19-10-2011, 11:45 PM | #8 |
Arofanatic
Join Date: Jun 2003
Posts: 113
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Our rich ministers of today will happily retire in some first world country and leave these Shit behind for some smart Alec to clear .....
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21-10-2011, 08:31 AM | #9 |
Senior Dragon
Join Date: Oct 2004
Posts: 3,148
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Just use up all the CPF to buy house and then rent the house out to collect rent. That's the only way to get the money out!! Or else, just buy and sell the house though they will tax quite jialat if you sell within 2 years.
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21-10-2011, 09:26 AM | #10 |
Arofanatic
Join Date: Jun 2003
Posts: 113
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Thanks to MBT, now most of us needs to use our CPF to service 20 or more years of HDB loan.....and you can't but a second HDB....so how to make money....
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