7/04/2014

CPF – A cut off age to stop contributing


CPF is a forced savings towards a retirement fund, a time and age when the contributor is expected to retire from active employment and to take life at a slower pace with the life savings that he had set aside. At some point in time, people stop working or retire. Some may choose to continue to work if they are physically able, wanted to or needed to. In the last case, it is likely that there is no or not enough savings and no other form of financial support from the family.
 

In general, people may want to retire after spending a whole life working.
And the retirement fund comes in handy for this purpose. Some may not have much but could make do with family support and could choose to enjoy a life of leisure within their means.
 

Under the CPF scheme, there is no such thing as a cut off age when a person can stop contributing. In the case of employment, including self employed, one can still be economically active even at 70, 80 or 90 and is expected to contribute to the CPF, for the self employed into the Medisave Account. What the fuck for? These economically active seniors are in much better financial situation than those who have retired, unemployed and have no income. What are they contributing into the CPF for, for their retirement? If they are still working at such a ripe age, many would pass away without knowing what is retirement?
 

In the case of self employed, even if their Medisave Accounts have exceeded the minimum sum, they are legally required to contribute more to renew their licence. What for? Why is there no cut off date for a person to stop contributing to the CPF/Medisave? Has the CPF Board forgotten what is CPF contribution all about? Or they are treating this as a kind of taxation? You work, you contribute to the Fund. You want your licence, you pay up.
 

What is going on? There must be a cut off age when contributing to the CPF in any forms except on a voluntary basis must ceased.

Kopi Level - Green

24 comments:

oldhorse42 said...

Cannot have a cut off age, lah!
Must have more new money to pay old money for those pioneers who are lucky enough to be allowed to take out their cpf money to squander on siew Mei in Chang Ping, Dongguan.

Anonymous said...

RB, I could not agree with you more. You are very insightful and I would like to know your latest thinking on the assets enhancement policy on property. I can see that only the following people can benefit from the scheme.

1. Property owners who own more than 1 properties.
2. Sinkies that plan to migrate out of sinkie land.
3. PR that plan to return to their countries or new citizen that can reclaim their citizenship.
4. Property developers and foreign speculators.
5. The government who can sell land at higher prices and collect more property taxes from higher annual value.
6. Banks who can lend out a larger amount and collecting interest over 30 years instead of 15 years.

In fact the only person that do not benefit are the sinkies.
1. The older generation that feel rich but need to live in the only property they have and pay higher property taxes due to higher annual value.
2. The younger generation who are the worst off and get screw by all above.

Please write and share your insight. For matilar, please do not write anything except your books.

Chua Chin Leng aka redbean said...

Hi Anon 9:07, you are perfectly right in what you said. These are now common knowledge. Sinkies will carry the baby. The young will be stripped of their income to pay for the sky high property prices.

The cycle of ever incresing prices to benefit every owner but pushes the burden to future generation cannot go on forever. it is at the end of the road and must crash the moment there is an economic slowdown or financial tightening.

Just by increasing the interest rate will be unbearable to many. the number of properties being forced sold when owners cannot flip is getting more and more.

Speculators are starting to get burnt.

Matilah_Singapura said...

@ confounded RB on contributions by productive oldies:

>> What the fuck for?

Aiyah, if the govt can tarok you, they will tarok you lah.

Singaporeans like their money. The govt is made up of Singaporeans, so the govt culture (collective) is that they too like money. So the money-loving govt will take -- BY LAW -- money from the money-loving people.

Very smart govt. Use law to kapoh peoples' money.

Best part: The govt still gets voted in.

"The People Get The Government They Deserve." because the people and the government is sama-sama

Anonymous said...

Matilar, u die die must post your nonsense everyday. Why don't u make yourself useful by writing your books? Knn, why waste other people's time daily. I will help the book poster to come up with additional topics or subjects for u to write but in the mean time, go write book 16 by using the humor style of writing please.


1) how to boast about sexual power when both tiny are missing
2) the art of incest
3) the guide on how to bull shits
4) how to irritate people and waste their time daily
5) learning to be thick skin and flameproof
6) how to tahan when your ass kena fucked
7) how to act as patriot when you are a traitor
8) how to act and look normal when you are actually insane
9) learning to speak when a cock is stuck in your mouth
10) how to con your sisters and daughters to continue having sex with you without reporting to the police.
11) How to develop multi tasking skill. Sharing of secret on Learning how to type on keyboard posting commentary on blog when there is a hard cock pushing in and out in matilar mouth.
12) How to cook two tiny to be delicious enough that the pigs would eat them.
13) How to brag about your intelligence when you have none and how to tahan when both mouth and ass kena screwed at the same time.
14) How to inflate two flat tyres when the holes in the tires have not been mended!
15) How to boast to women you have a rolls Royce when you only have a Mini Cooper with four flat tires and running out of petrol!
16) The matilar secret. How do you stick your little pecker into a donkey's mouth and don't ended up the donkey chew off your little pecker and two tiny.
17) The matilar way. how to satisfy your lust with minimal outlay.keep a little pig, pull all it's teeth and enjoy oral sex each day till the pig grows then sell it to slaughter house as food to make money.

Anonymous said...

Wow look like there are several books reporters leh. Matilar should be happy lar. But I think he should pick up the courage to write

Matilah_Singapura said...

@1153:

>> I think he should pick up the courage to write

WTF are you thinking? This is a blog lah. You don't need "courage" here -- save it for the REAL WORLD when some fuckhead from the govt comes to bully you.

Actually I've stated my terms time and again: I'm happy to write anything requested -- but I also need to get paid.

No pay. No work. Simple as that.

Matilah_Singapura said...

P.S. I make no fucking apologies for the fact that I am a materialistic Singaporean. Any Singaporean who claims not to be materialistic nor likes filthy, sexy money is a FUCKING LIAR.

...and there are plenty around. Just visit you nearest church/ temple, I'll bet you that these "spiritual" (eschew "evil materialism") establishments are fucking loaded with money. :-)

Money-lah Singapura

Anonymous said...

Matilar, I think while u need to be paid to write, u must write a bit first like a trailer in the movie so that people can decide whether they will buy your books or not eventually like a teaser.

Can u write a teaser for book 15 or 16?

Anonymous said...

Magi lar I am prepare to pay you to write book 1. Please name your price

Anonymous said...

Knn matilar got business via RB blog!

The said...

///CPF – A cut off age to stop contributing. ///

18 is about the right cut off age.

b said...

The gov is like the people - they both like money - breaking the commandment on "thou shalt not covet" on a daily basis.

There is one way to rewrite cpf rules - win the election and become a pm. if you do not want to part of the hostage of this cpf system, another way is to migrate.

b said...

9:07 am>>

Young people can get a skilled degree and get pr in oz, nz, uk, ca. everyone is a winner. this is a capitalistic world. we have to make grab our own opportunities and understand the swot surrounding us. politicians are no longer interested in helping the people, there are more interested in helping themselves. i think politicians will be a dying profession in the near future. a new kind which made up of successful footballers, sportsmen, movie stars kind of leaders will emerge. no longer need a phd to control the people - only need celebrity factor.

Anonymous said...

Haha, only a handful here understand what's a nation or rather nationhood is all about.
Others sell their soul, integrity and dignity for money.
There is real danger that this tiny rock and people like Rb and Company will be pawned and sold for good. Maybe Commenter b's suggestion to seek happiness and solace by leaving is worth considering.

Anonymous said...

There are many cpf issues that people are not happy. They hv protested at HLP last month with abt 5k attendance with another on jul12. I am baffled why an issue that affect so many people garner 5k support whilst pinkdot can get 26k. Wondering aloud whether the numbers on jul12 can grow in size to pinkdot. I wish it can so as to visually show the govt the growing unhappiness of its citizen.

Matilah_Singapura said...

@ bullshitter 152:

>> Please name your price

No no. Obviously you are a lightweight in business. You want? You make an offer.

Let's see what you are really made of.

Anonymous said...

Matilar, i don't know what that guy will offer u but I am prepared to offer you $20 to write a 200 page book teaser. If it's interesting I will offer you more. Book 16 please. I don't have much as I am unemployed but I can see your talent.

Matilah_Singapura said...

@705:

Nevermind lah. You keep that $20. In that way you can buy some food for yourself instead of having to suck old guys cocks so you can have something to fill your stomach and satisfy your taste buds.

Good luck to you ;-)

Anonymous said...

When I come to this blog I enjoy RB post but also like matilah comments, some of his comments does make some senses. U can disagree with him but he does give u another side of the coin and I guess that's why RB doesn't delete his comments. even we don't agree with him also no need to fuck him every day right?

Matilah_Singapura said...

@1002:

>> no need to fuck him every day right?

When life is about "needs", it is no fun.

When you step up and make life about "wants", wims, desires, fixations, obsessions, compulsions...and doing something just because you CAN...then life becomes infinitely more interesting.

All day and all night fuckers are welcome. Come out and play. This is a blog lah -- it doesn't exist in "reality". It is one big FUCK FEST.

Got sperm-filled balls?

P.S. Please don't claim that I "make some senses". I know I don't. I just hatam gasak buta, so please stop trying to get on my good side -- because there is none ;-)

Anonymous said...

MS pretending to possess a sense of humility. Maybe he went to church this morning and realised how small he really is except his big coconut head.

What is a person that talked the whole day but never make sense? IMH has not caught up with him yet. Becareful, they are coming.

Matilah_Singapura said...

@120:

>> MS pretending to possess a sense of humility.

Please lah motherfucker, there is no such thing as "humility". Humility is none other than a stealth form of pride.

So fuck off. I'm not humble,and never purport to be. Anyone who does is trying to deceive you.

Anonymous said...

Matilar, how are you progressing writing your books?

1) how to boast about sexual power when both tiny are missing
2) the art of incest
3) the guide on how to bull shits
4) how to irritate people and waste their time daily
5) learning to be thick skin and flameproof
6) how to tahan when your ass kena fucked
7) how to act as patriot when you are a traitor
8) how to act and look normal when you are actually insane
9) learning to speak when a cock is stuck in your mouth
10) how to con your sisters and daughters to continue having sex with you without reporting to the police.
11) How to develop multi tasking skill. Sharing of secret on Learning how to type on keyboard posting commentary on blog when there is a hard cock pushing in and out in Matilar mouth.
12) How to cook two tiny to be delicious enough that the pigs would eat them.
13) How to brag about your intelligence when you have none and how to tahan when both mouth and ass kena screwed at the same time.
14) How to inflate two flat tyres when the holes in the tires have not been mended!
15) How to boast to women you have a rolls Royce when you only have a Mini Cooper with four flat tires and running out of petrol!
16) The Matilar secret. How do you stick your little pecker into a donkey's mouth and don't ended up the donkey chew off your little pecker and two tiny.
17) The Matilar way. how to satisfy your lust with minimal outlay, keep a little pig, pull all it's teeth and enjoy oral sex each day till the pig grows then sell it to slaughter house as food to make money.
18) how to be persistent to be an irritant even though you have been fucked from right to left in your ass.