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3/01/2012

CPF Poll – Return our money

123 responded to the poll on the CPF savings of the people. 71% want their money back at 55. 14% want their money back at 60. 15% want to have an option whether to leave their money in the CPF after the withdrawal age. 2% are agreeable to the present system.

Altogether 98% do not agree with the current system and want their money back with 15% want to have an option to leave any money behind. What the people want to do with their hardearned money is very clear. They want their money back and no jokers should ever think that they have a right to keep the people’s money against their wishes. How could this ever be so? Who, tell me who, has the right to the people’s money if not the rightful owners? And who has the audacity and arrogance to think that he can take the people’s money and do as he pleases?

It is unacceptable, unbelieveable, outrageous, unjust, unreasonable… for anyone to act in such a manner, to keep the people’s savings from the people. Passing legislation to keep the money from its rightful owners for whatever cock reasons will only lead to more resentment as it is a foul thing to do. You cannot fool the people all the time.

Would the Govt reflect on this seriously? The people’s tolerance has a limit and the Govt should not test the people’s patience on the right to take back their money and use their money as they please. Would the Govt listen or would the Govt continue its cocky way, to ignore the people and keep holding on to the people’s money? The people are not begging for charity. The people are asking for their money back.

Or would the Govt think that it can get away with it by not bothering and keep doing as it thinks fit? There is no shortage of feedback on this matter to the Govt. The issue of so much money being kept away from their rightful owners is about as much as the people can take.

How long can the deaf frogs pretend to be deaf? They can pretend to be deaf about other things. Here it is dipping into the people's pockets.

29 comments:

Anonymous said...

thanks for voicing it out for us

Anonymous said...

Now with the compulsory CPF Life - money is lock up forever ! Even an insurance scheme - they make it compulsory we must buy, only from CPF and at what age ! We should be given the option what we want to do with our money. If we decided to get annunity, which insurance company we want to buy from, how much and also the entry age. Why must it be at 55 ? We know in insurance - the younger the entry age, the better the terms. If they scheme is so good - no need to make it compulsory. It is compulsory because CPF annuity scheme offer SUCKS big time.

Anonymous said...

I think our govt has no moral and legal(?) right to hold off our CPF.

1) If CPF funds are insufficient, they can jolly well restrict the use of it immediately! Why take the easy way out to lengthen the withdrawal age for fear of low balance amount. Who was the one who open the use of CPF in the first place? Once you cut access to CPF, our property prices can also come down!!!

2) They have no moral authority because the people who changed the rules are the one who draw pension, So obvious conflict of interest. This is dishonesty.

3) The govt is unlikely to cut down access to CPF, because MANY in govt & many business sectors have vested interest in property. Access to CPF props up property prices.

As such, we normal people get the short end of the stick.


4) Because of 1, 2, and 3. I think we have grounds to sue the govt(?). They have no moral authority.

Anonymous said...

When would an MP stand up in Parliament to ask the govt about its moral right to hold on to the people's money?

And very likely, some MPs would ask, if the govt is to release the money back to the owners, where to get the money from?

Anonymous said...

The CPF scheme is currently a total mess like our education system

lim said...

actually, I dont mind they locked up the money. But I am against locking up and giving 2.5% over the last 40 years and CPF life is not inflation adjusted.

Singaporean are being force to over pay thier house and inflation will kill the Minimum Sum,

Trust me, they will rise the minimum sum in 2013 and there you goes, the yound cannot meet it after paying their overprice HDB and Medisafe account may hit 100K in 10 years time. My god 300K lock up and 500K for the HDB, work for 30 years and that what a ordinary singaporean get!

Anonymous said...

O$P$
Short & Simple.

We voted for Opposition in GE 2011
We got an inclusive Budget in 2012.

Vote Opposition again in GE 2016.
And this time we will get our CPF money back in 2017.

Anonymous said...

You expect a PAP MP to stand up and ask whether his government has the moral right to retain the citizens money in CPF. Oh,pleased.
They are paid with our taxes not to ask.

Gintai_昇泰 said...

Agreed! It is morally wrong, evil and cruel to use laws to lock away a citizen's lifetime of earnings and savings in all kinds of guises no matter how well they put it. Keep your filthy hands away from my money! Evil intention to use our hard earned money for their own agenda! It's against the law of nature to take away one's money! As simple as that! They still don't get it?

Anonymous said...

You expect a PAP MP to stand up and ask whether his government has the moral right to retain the citizens money in CPF. Oh,pleased.
They are paid with our taxes not to ask.

Anonymous said...

So far no Opposition Party has ever campaigned on the platform;

Vote for us to get back your CPF money in full by age 55 years old.

Come on guys!
What are you waiting for?

Matilah_Singapura said...

One thing about redbean, he is famously biased in his opinion and conducts lousy, laughable "science".

Lucky people like me are (sometimes) around to call him on his slack standards.

Internet polls are notoriously unreliable and inaccurate.

Apart from being worthless, online polls and surveys are also easy to "break".

OTOH proper scientific surveys observe strict protocols and are subject to rigourous peer-reviewed scrutiny.

Just to show how easy it was to "break" redbean's faux-objectivity bullshit poll, I voted twice without any problems.

This poll in not science nor does it make any sense. It is complete NON-sense and therefore any conclusion derived is completely INVALID, objectively speaking.

redbean, lift your game lah. Your credibility is in jeopardy.

Anonymous said...

Beanie boy, talk so much for what? As they say, talk is cheap. Any idiot and his dog/cat/rabbit/hamster can set up a blog and talk about what the gahmen should or shouldn't do. You think that will change things especially with this gahmen? There is a way to get your CPF out in full and that is to renounce your citizenship and leave red dot for good. 1,200 brave souls have done it every year. Question is do the ones who talk till they foam at the mouth have the courgae to do the same. And don't give the 'this is our home, so why should we leave it' excuse. The way I see it, how can it be home if you are deprived of your own life savings? And one of the posters above was right to point out that no opposition party has ever had this issue on their platform before. Fact is your CPF money is not sitting in the gahmen's bank account earning interest. It has liabilities attached to it. Even if, for the sake of argument, a new gahmen is elected, it will have to unwind those liabilities before it can refund each and every CPF member his/her money in full. Life is not as simple as you make it out to be, Beanie boy.

Anonymous said...

It's time to support a Pro-Singapore Political Party.

Vote Opposition;
Give our fellow die hard Singaporeans a chance;
At least they are not the quitter-type politicians exemplified when a certain GRC lost.

Chua Chin Leng aka redbean said...

As for anon 7:02, there are real Singaporeans that regard this island as their motherland and will stay to fight and reclaim it from the traitors.

True blue Singaporeans will not just run away when provoked by a few jokers so that other rubbish can come in to replace them and reap the fruits of our forefathers.

Many have sacrificed several generations of blood, sweat and tears and will not give up. Some have left for many other reasons but the majority will stay and the people who wish this country to go to the dogs will end up as dogs.

Chua Chin Leng aka redbean said...

Matilah, I know of an asshole CEO who did the same thing as you did in a serious market salary survey conducted by a major survey agency. This asshole, just like you, went to the board meeting and spoke in pride of what he did, by submitting false data and laughing at the findings of the agency.

But what I can say is that apart from an ass like you, the majority of the respondents are serious and genuine. I personally did not vote not to add in my biases.

And you think you are damn smart huh?

Anon 7:02 said...

Real Singaporeans and true blue Singaporeans are actually Dumb Singaporeans. Wake up and look around you. It is too late to fight. The time to fight was in the late 90s when the floodgates were first opened. Too much water has now entered. Trying to stop the tide or to try and scoop the water out with your bare hands will only cause you to drown. You don't need anyone to wish for the country to go to the dogs. IT ALREADY HAS!!

Matilah_Singapura said...

redbean,

Why am I not surprised that all you are capable of is:

1. Lousy science

2. Calling me names

Fact remains: you've failed to address the inadequacies of your nonsense poll.

> And you think you are damn smart huh?

How the fuck would you ever know what I think? ;-)

It is not a matter of me being "right" -- I have said that time and again.

It is mostly about you being WRONG.

Now if you cannot take small-time scrutiny of your methods from a nobody like me, I think you are expecting a tad much to be taken "seriously" by the policy makers.

Good luck.

Chua Chin Leng aka redbean said...

Matilah, with 123 respondents in a poll is not much different from a straw poll. Now who gave you the idea that this is an authoritative poll?

Whoever claimed that it is except you. The thing is that there could be many straw polls everywhere. The truth is when there is a big enough poll or when 2016 comes.

ngpy said...

All Rules and Laws are being broken by this kind of act. Rules and Laws of the PAP is the ONLY ONE of its kind in the Whole World where they DARE not to pay you your hardearned money till death your medisave money in the CPF. What kind of a nonsense LAW IS THIS. RETAINING OTHER PEOPLES MONEY AND NOT EVEN ALLOWING FOR FULL UTILISATION FOR THEIR OWN MEDICAL PURPOSES.

Matilah_Singapura said...

Wah redbean. You very clever to twist words.

You based a whole post on your (apparently) "non authoritative poll" and arrived at (apparently) definite conclusions.

Anyway the whole thing is bullshit anyway. Fact is there is no CPF, and no one is going go get any of "their" money beyond what the present LAW entitles them. Unless they give up citizenship people will have no choice but to eat shit.

Joseph Tan said...

Red Bean PAP will say your 98% can say what they want because:

- this survey may not be accurately done it could be a biased survey
- how can this be when 60.1% still vote for PAP?

Again this comes back to US spineless Singaporeans who have no balls to kick PAP out and claim for ourselves what belongs to US. Singapore asked for this ourselves despite the clear facts that we had been in PAP's bondage for so long but continuously asked to be plugged again and again.

For our own sake wake the fuck up Singaporeans.

Chua Chin Leng aka redbean said...

Hi ngpy, welcome to the blog.

And Matilah, stop making a fool of yourself. My poll of 123 people is fully transparent. I did not hide the numbers or try to deceive anyone. Only an idiot like you will want to twist my poll and my word that it represents something else. And you try to deceive everyone by voting twice.

Please lah, I know that you could not find anything significant to attack and are grabbing on any pubic hair that you can find. Try something less silly: )

Chua Chin Leng aka redbean said...

hi Joseph,

A diamond is a diamond, a stone is a stone. No running away. And no lies can be the truth when it is exposed.

Matilah_Singapura said...

Not at all redbean. I merely arguing that your poll represents NOTHING.

It is completely WORTHLESS.

Psst... since you ran the poll, has anything changed?

Huh?

Anonymous said...

There should be a national referendum on the CPF issue, else we should make a trip down to CPF board to demand our money back.

Matilah_Singapura said...

anon 228:

Referendum? No point.

CPF is implemented by law. It it completely above-board and legal.

>> we should make a trip down to CPF board to demand our money back. <

The riot police will show up very quickly. Again, it is a futile exercise.

Even if you "succeeded" in getting the govt to agree to return you the TAX it took from you (fat chance of that happening...but for argument lets just assume this is successful...) -- there is not enough money to pay everyone out.

The money is tied up in funding or as security for debt...and Singapore has VERY HIGH sovereign debt.

Like I said, CPF is a sunken cost. It is also 100% LEGAL and you are COMPELLED UNDER LAW to pay.

Just move on lah.

Anonymous said...

There is a solution to this. Just dont vote for this party anymore

Anonymous said...

The government is supposed to work for its people , not the other way round. If you think this government sucks just take them out