CPF threatening to sue and fine
I read Gilbert Goh’s post about CPF demanding him to pay for the shortfall in his Medisave account for a sum of $16,600 as his contribution for being self employed. All self employed, regardless of age, must contribute to the Medisave for as long as they are alive and working. Isn’t this a cock policy when people are starting to collect their CPF savings at 55 and some delayed till 62? Why should people who continue to work after 55 be expected to contribute to the Medisave when they are in a better position than those who have retired and not working? These self employed are economically active and earning an income to support themselves and no need to draw down or depending on their savings to support themselves. According to the Medisave Act, there is no exception. So if one is working at 100 years old, the old hag must still contribute to his Medisave. How outrageous. But no one is complaining. Like the story goes, when they came for the Jews, I kept quiet coz I am no Jew. When they came for the Christians, I kept quiet, coz I ain’t no Christian. When they came for the Commie, I kept quiet coz I ain’t no Commie. Then when they came for me, there was no one left to speak up for me.