This is the most cruel thing to do to anyone. The coffin money is what a person has left for his last journey, to have a decent burial. When one accuses another of robbing his coffin money, it is a very mean and heartless thing to do. Some called it ‘or sim kua’ or 黑心肝.
Going back in time, anyone remember what was the purpose of CPF savings? Yes, it was a simple saving scheme for old age, for retirement, a kind of coffin money. Over time, when the savings got too big, someone decided that housing was also very important, having a roof over one’s head was a basic need. So some CPF money was allowed for the people to buy a home. $7k or $10k, quite affordable and would not erode the savings. Still a lot of money left for retirement and to buy a coffin. Then HDB prices gone up, $30k, $50k, now $300k, $500k, $1m, and still some donkeys said very affordable. But after paying for a home, what is left in the CPF for retirement and for a coffin? Hardly any, barely any left. Don’t talk about the hare brain scheme of allowing 90% of CPF money to play the stock market. That is another pathetic and heartbroking episode to many oldies.
Now, did anyone put their savings into their CPF to buy medical insurance? What is that? Never heard of! The CPF is about retirement and coffin money. Who wants to save to buy insurance with their retirement and coffin money?
How much of your CPF money has been ‘tangkap’ and set aside for medical and insurance? When has the CPF been turned into a medical insurance scheme against the wishes of the people? Do the people, the savers, have a say in their money? Why is the money now gone, to pay for insurance, to pay for medical insurance whether you need it or not?
What happens to the main objectives of retirement savings, of coffin money? Where is my money for retirement? Not enough, why not enough for retirement? Who has been robbing me of my CPF savings? After saving a life time, at more than 50% of one’s income, still not enough for retirement, not enough for coffin money?
Who has been so cruel to dip into the people’s coffin money?