Political Party Manifesto 3
The paternalistic policies of the PAP is from hole to hole, from cradle to grave. It is their policy, though not officially put, to manage the life of the people from the day they pop out from the hole till the day they drop into a hole. That is what the CPF is all about. What is the stand of the other political party on this? Do they also agree on this policy, that should they come to power, they will also manage the people's life in the same way? Or would they plan it differently? Under the present scheme, it requires a lot of savings from the people to provide for a flat, hospitalisation and retirement, excluding other uses that the CPF money can be released. On a broad brush basis, everyone would need $600k(for a 4/5 rm flat paying instalment over 25 years) plus $30k for Medisave and another $120k for retirement. These works out to $750k or $25k a year over 30 years, or approx $2k savings a month. Anyone with less than this amount will have nothing to take out at 55 if this withdrawal age is maintained. The first time they will get their monthly stipends will be 62 or 65 or 70 or whatever. It would be good for the other political parties to get feedback from the people, get in touch with the people and ask the people what they really want from them. This genuine connect with the people is essential as we enter another phase of our development when the people got sick of being treated like handicaps and never ever grown up children. The forever young policy will soon be a pain in the arse and it is a matter of time when people will insist that it be thrown out.