This is the Truth, not the Tooth
CPF changes An uncle's woes He writes from the heart how his elusive savings promised for 55 had eluded him even when he was laid up. Sept 22, 2007 This anonymous bloger posted this letter when commenting on "CPF Lies - The very blackest kind." by Kenneth Tiong http://freedom-for-man.blogspot.com/2007/09/cpf-lies.html Anonymous said, Hi Kenneth, Quote from ST, 20 Sept 2007: "To a question by opposition MP Low Thia Khiang (Hougang) on whether the Government of Singapore Investment Corporation (GIC) uses funds from the CPF funds to invest, Dr Ng said: "The answer is no." "Later he rose to add: "The relationship is not so simple". I could not believe my ears and eyes! Far as I’m concerned, it’s a STUPID EVIL (moderated)! I watched a video of parliament and I saw Hen (Manpower Minister Ng Eng Hen) denigrating a nation by mocking his own and other MP's, violating and belittling the intelligence of Singaporeans, insulting uncles like me for being too dumb to handle our finances, saying, "having a fling here, having a fling there". I cannot believe that an overpaid manpower servant that we pay with our taxes thinks so lowly of his fellow citizens! A case of “kurang ajar” or, in the hokien dialect which is pretty popular in Parliament now, “kiam kah”! If I remember well, when I started work as a teenager in 1968, I was told by my boss that 25% of my pay will go to CPF. He will contribute 25%. My boss said, “That’s law, don’t worry. Government guarantees you’ll get it all back when you retire at 55”. On reaching my retirement goal/age of 55, I was shocked that they have moved the goalposts many times since I started work at 1968. My money wasn’t my money anymore. Yes, there's Special, Medisave & Retirement Account - SMRA - "You can't touch these!" A hip hop/rap song? To be fair, I received my yearly CPF statements of the changes, but who reads? I did not. Eight years ago I had a heart attack and ventricular fibrillation. I was jobless for seven years. Lately, I was suspected of having other health challenges and in the past months, I had my share of visiting polyclinics and hospital. Poor rich! I'm rich enough to have more than $28,000 sitting in my Medisave Account BUT I cannot use it for tests, treatments and medicines in hospitals and polyclinics. Yes, my bills from Changi General Hospital and Polyclinics had to be paid in cash from my pocket. Oh, they tell me I can only use it if I spend more by visiting the hospital again for an artery ballooning/stent or a by-pass procedure. Or maybe another heart attack and ventricular fibrillation caused by the agony and heartache of “My Money Sits in CPF but Cannot Use For Staying Alive!”; “They Use my $$$, Make A Profit, Don’t Pay Back, Then Say I Stupid” & “Not Enough, Want Some More, Force Annuity On My Children!” Since nobody wants to employ a sick geezer with a heart condition and other challenges, I am fortunate that a kind soul, having faith, love and trust in me, offered me a sum of money to start a little business last year. I registered a sole proprietorship in ACRA to start the little business. Another heartache - I was informed that I could not register because I owed CPF Medisave which I did not pay when I was self-employed previously. Unless I pay up, I could not register my little business. Imagine, I was broke and I still had to top up my Medisave (already loaded with >$28,000) if I wanted a licence to make myself productive again. Simple: No Top Up, No Licence. This is what I know as Uniquely Singapore First World Standard of Whatever! Another irony: After seven years of joblessness (due to my health challenges) without paying tax, I made good enough to pay tax again for year ending 2006. I've done my part as a citizen, I even did NS in the army from 1969 to 1971. "Fend for myself"? I have. I pledge myself as part of “a united people regardless of race language or religion to build a democratic society based on justice and equality so as to achieve happiness, prosperity & progress for our nation”. As a simple heartlander, I’ve done my tiny part. No worries, I may just jump in front of moving MRT before I bother my busy hardworking government with any problem. Question: What has the Government done for me? Zilch. . . and please don’t do anything. Whenever you do something for the good of the people, you cause me more pain than gain! Eg: PUB increase, 7% GST, Bus fares increase, etc. Just don’t hurt my family further by forcing my children to pay for annuity which is another scam to leech from innocent citizens! On second thought, you may want to upgrade my HDB flat with a “Go-And-Die-Chute” so that sick and old people like me who have outlived our usefulness to the regime can self-destruct by jumping into it. Health Minister may like this idea as he wants me to die at home so that I will not be a bother or a burden to his money-making hospitals. Based on the video, Mintsters just give us plenty of sarcasm and zero empathy. Just Mr. Hen talking cock! Another wayang, another day’s work to justify obscene million dollar pay! The more they "strengthen the CPF", the worse our lives become. ... Please, denigrate us no more and stop treating Singaporeans like idiots! Let us live with dignity. Just because we are peace loving citizens does not mean that you can walk all over us. Trying your luck too far may just change a push to a shove. Yes, even peaceful monks can turn into citizen activists. They are at it in Myanmar! Do what’s honourable - Simply explain the difference in returns of GIC, Temasek and my hard earned CPF. Come clean with transparency! My problems may have been less if the returns in my CPF had been on par or better than Malaysia’s EPF. Maybe part of the interest that could have been mine has ended up in the purchase of Manchester City Football Club. Am I co-owner now? Thanks Kenneth for igniting the fire of a sick and tired Singaporean to write something on this disgraceful state of affairs Sincerely, Feed me to the Fish http://freedom-for-man.blogspot.com/2007/09/cpf-lies.html I copied the above article from littlespeck.com This is a polite letter from a disgusted oldie who could not take it any more. And this is only one of many written, by one who can write. And there are many who cannot write or have no means of expressing themselves and be heard, but have more angry things to say. My posts in my blog and forum are only skimming through the tooth by being polite. I could post more angry stuff. But despite what this anonymous uncle said, he is still a sheeple. He only demands an explanation on the difference in interest earned. Remember my story on the Sheeple and the Robber? We should be demanding that the 55 withdrawal age stays and including the Medisave and Retirement Account portion. That was the first position. And if people want to put some in Medisave and Retirement Account for higher interest, let that be voluntary. The owner decides what he wants to do with his money. And why should self employed people continue to pay into their Medisave when it has reached the legal maximum? Is the contribution to the Medisave a bottomless pit? If $28k is max, those who have reached the max need not have to put in any more. What other stupid reasons? Whose fucking idea is that?