10/03/2016

CPF – Coffin money kena tangkap

 
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?


49 comments:

agongkia said...

Stop dreaming about this so call imaginative saving.Cpf is for the purpose of ensuring you all dun otarng hospital bill before you kick the bucket.
Who pay cpf?Did you all have a giro account to deduct from your saving account monthly?Or you all pay cash?
No right?It's our kind employer who help us to pay this tax.It is for the purpose of allowing one to have some money,we call it Qiu Buay Lui, to pay hospital bills and balance for a coffin and funeral expenses.What
Garmen should do now is to start a organisation that provide free coffin and Sai Kong and those without children to make a grand funeral,to have many free part time HaoTse,to make a grand funeral.
Cheongkong all cpf and
use it as insurance premium
to ensure no one otarng money.Think.they are listening to.My proposal.Hosayliao.
Where's my sifu?

Anonymous said...

'From next week (7 Oct) onwards, Singaporeans who have lived overseas for more than 5 years will be able to apply for their Medishield Life premiums to be suspended.

Unsurprisingly, such a suspension seems to have some conditions attached to it.

Firstly, these Singaporeans will need to prove that they are able to afford Health insurance while overseas. Next, they will have to pay additional premiums – with accrued interest – when they return.'

Some daft sinkies thought there was a change. Come on stupid, it is only a suspension if you applied for it. But on your return you continue to pay what was suspended plus your current dues. They don't care if you are paying medical insurance in your country overseas while you are there. All they are interested is to take money from you.

Why would a govt be so desperate to want to take money from you at all cost? Is it that there is a very big hole that needs to be filled?

Singaporeans, think, what is happening to your money, to your savings, why are they disappearing as fast as you put into your CPF savings? It is like a bottomless pit.

Anonymous said...

If you complain and more people complain too much about not enough money for buying s coffin, rest assured the PAP Paramentarians will very well come out with another scheme called 'CPF coffin scheme' where they will force everyone to leave a certain percentage more each month for buying a coffin. The money will be left with them of course, until you kick the bucket.

Be very careful of what you wish for in Sin City. Then you may have one more nail in the CPF coffin!

Anonymous said...

You fucking Singaporean slaves presume too much.
Who says CPF money is your money?
Your CPF money will be used for what I tell you to use it for.

Please don't waste your money on a coffin.
Burial at sea is best. Very cheap.
We don't want your body or ashes hanging around in Singapore using up land that can be used to build more condos for Foreign Talents.

Anonymous said...


血汗钱! 血汗钱! 棺材本! 棺材本!

Yes! To some.....CPF.....is their....血汗钱.....棺材本!

But last year 70% voted OK leh. So it should be OK!

What can you do now?

Tell me!

Anonymous said...

With more than 2m CPB contributors, assuming each got to pay $500 pa to the MedishieldLife, that would be a cool $1b siphoned away from the CPF. And this does not include the premiums for the children and babies.

Every year, more than $1 billion removed from the CPF accounts for this insurance scheme that the CPF savers did not ask for, did not intend for.

Anonymous said...

Yes. It's best to have a burial at sea.
Your Singaporean slave children only have time to attend the Emperor's funeral.
Will not have time to attend your poor funeral in the HDB void deck.
Better faster go into the sea.

Anonymous said...

Can anyone find out how much money they made from the 'Eldershield Scheme' after all these years? Understand that very few managed to succeed in their claims. Many of my old relatives who died were able to meet the conditions for claiming. Those who succeed were those who are almost one leg inside the coffin, and may be able to claim for a month or two only.

I guess Medishield Life will be another scheme that will fatten the coffers of the Insurers.

The moral of the story is that every scheme they thought of is extremely profitable for them to implement. If not, they will not touch it with a long pole for sure, but so-called 'privatised' it (but still under their control and whims and fancies to dictate).

Anonymous said...

Sorry, typing error. 'Many of my old relatives who died were 'not' able to meet the conditions for claiming.

Anon 9.41

Anonymous said...

The daft sinkies
like every scheme that
the government sets up
for them.
They enjoy medishield,
eldershield, senior
citizen, pioneer generation
package, birth subsidy and
leave and many more.

Enjoy the kindness of the
sin government.
Maybe the Swiss do not get
to enjoy so much.

Veritas said...

Government cannot let people pass on their wealth and society cannot have savings. This is economics. They need to squeeze every single cent out of us.

Someone's debt is others asset. In essence CPF is PAP debt and people are creditor. PAP will think of how to default.

The only people allow to pass on wealth will be elites. But ultimately this system will implode. When elites keep accumulating until they have 100% while people have 0%, that is where revolution sets up.

I guess in Singapore 1% elites may own 90%, the rest of the people 10%. We are not far from there.

Anonymous said...

"Then HDB prices gone up, $30k, $50k, now $300k, $500k, $1m, and still some donkeys said very affordable."
RB

CPF coffin money kena tangkap or not, HDB prices affordable or not, but 70% still voted for the PAP which make all this happened.

So complain for what? Sinkies deserve the govt they voted for, and too bad for those money no enough Sinkies.

Anonymous said...

/// The only people allow to pass on wealth will be elites. But ultimately this system will implode. When elites keep accumulating until they have 100% while people have 0%, that is where revolution sets up. ///

Veritas can continue to tan ku ku.
Singaporean slaves are very stupid and have a very high tolerance for pain.

QUESTION:
- how does a Singaporean slave know when all his money has been taken from him by the government?
ANSWER:
- only when the government tells him.

Anonymous said...

I only managed to have $11,000 in my CPF Medisave Account. There is nothing left in my Other CPF accounts. I was hoping that this $11,000 could earn a bit of interests and grow slightly every year. But now those cunning and slimy scholar brains (who used taxpayers money to get their education and got where they are) instead of using their brains to help us, they are using their brains to suck every single drop of blood from us. They cunningly device a scheming scheme to deplete all my $11,000 in less than 10 years with a $1200 premium per year to pay for my FORCED-DOWN-MY-THROAT MEAN-AND-CRUEL Medical Insurance.

I am one of the Real Pioneers who helped build up Singapore in the early days, I was part of the Computerisation Team to kick start the education and use of computers in all the various Ministries and Statutory Boards, and also one of the Pioneers who help to kick-start the FAIRPRICE of NTUC. I was also part of the 1st Batch of National Service. You see, how cruel these blood-suckers, disciples of the Chief Blood-Sucking Dracula, have been and still are!
They can't even give me free medical benefits but the Present Young-Punk Ministers and MPs are enjoying free medical at A Class Wards!?

Black-Hearted, Cruel and 'May Lightning Strike Them Dead' Bastards!!!

Anonymous said...

"When elites keep accumulating until they have 100% while people have 0%, that is where revolution sets up."
Veritas 10:23 am

PAP will be voted out first long before a revolution sets up.

But since PAP can even get 70% votes only last year, revolution tan ku ku (wait long long) lah.

Anonymous said...

Making profits from people's coffin money is bad karma. Please, for your own good, do not scheme to profit from coffin money. No good for you.

Anonymous said...

"I only managed to have $11,000 in my CPF Medisave Account. There is nothing left in my Other CPF accounts.....I am one of the Real Pioneers who helped build up Singapore in the early days,..."
10:28 am

Aiyo, who ask you not to earn more or save more when you were younger? I also pioneer what, but how come I got a lot more $$$, both in CPF and also bank account? In fact my CPF I leave it all there even though I can withdraw. CPF pay good interest, you know.

Anonymous said...

I also pioneer what, but how come I got a lot more $$$, both in CPF and also bank account?
Anon 10:38 am

Maybe you are one of those 70% who voted for PAP lor.

As long as majority are OK with PAP, PAP must be doing something right, tio bo?

Anonymous said...

Hungary voted 92.3% against immigrants in a referendum yesterday. I have never seen a democratically voted % to be so high, though it was 42% of the voting population interested to go to polling stations. I guess those stay in farms will not see immigrants, correct? Go to pulau tekong see if you see a neh migrants there. In town you see them with laptops, in changi canteen you see the entire canteen are ah neh pmets.

Why CPF has immigrants involved? Read this my friends. I used the figures published by msm. Buy a $350000 flat. Hey this is no grant flat 3 room near town. 1 flat at kallang cost close $700000, 3 room flat only.

A humble location and humble flat costing $350000. How much CPF is needed? Initially $36200 deducted at application.
Over 25 years $429000 will be deducted.
So CPF will be kosong after deducting: $465,200.

Young men think they can give chance for Pap to issue E pass and S pass for ah neh to replace them on jobs like managers, accountants, teacher, lecturer, engineers, etc will be waiting to have NO coffin money, as RB stated in po.

Earning $3000-5000pm can hardly accumulate CPF $500000 over 25 years, with Pap kind of immigrants first for jobs policy. No joke. Most young men will die belly up at old age with this kind of salary stagnant since 25 years ago under the present pm.

$500000 CPF is not enough lah. The minimum sum will be set in at 55. CPF must have $500000+300000 or $800000, as Pap will raise the minimum sum. They cannot pay back the money liao. Remember to see the figure of Singapore external debt: USD1.76 Trillions. By next 25 years, the debt will probably bankrupt Singapore s AAA status, if voters still vote for the big spenders Pap.
$800000 cpf does not include the medical insurance fee RB talked about.
Singaporeans are in for trouble for voting the wrong politicians who knows spending and dont know creating good jobs for citizens.
At the end conclusion: at old age, citizens need good jobs badly to keep the CPF going and old age lives alive.
For that, old men want jobs? Pap will let in ah neh to kick them to coffin faster. Trouble is half dead. How to die faster when poor will be hot topic in future.

Veritas said...

In Mathematics, assuming you pass your wealth to your son and every generation increase the wealth by 100%. By the 10th generation your son will have 1 billion if you started with 1 million.

There is a need for such inheritance to be destroyed, by plunder or stealing, by the elites. The elites of course can pass on wealth and accumulate more.

The mathematical model against dynastic wealth is what that justify an estate tax, which was abolish by PAP. The estate tax allow some form of reset, which will not only help the poor, but save the rich from being genocided.

Anonymous said...

Singaporeans are in for trouble for voting the wrong politicians who knows spending and dont know creating good jobs for citizens.
Anon 10:49 am

I thought Singaporeans already in trouble even before 11 Sep 2015?

But how come PAP could still win 70% votes in GE 2015? And even Hong Lim Park now is peaceful.

Singaporeans in trouble, yes but for PAP where got trouble?

Anonymous said...

You guys talk like you have control over your lives and money.
Let me tell you.
I decide how much money you can earn.
I decide how much money you can pass on to your children.

And when I decide that burial at sea is the best option for Singaporeans.
I will tell you.
And you will thank me for it.

Just like 40 years ago, when I told your fathers that cremation is better than burial into the ground.
Your fathers were "educated" accordingly and they agreed with me.

Your Founding Limpeh
from Heaven
- because even God needs money

Anonymous said...

Singaporeans in trouble, yes but for PAP where got trouble?
10:57 am

Tiok. Singaporeans in trouble does not mean PAP is also in trouble. They are 2 separate matters.

If PAP is not in trouble, PAP can continue to make trouble for Singaporeans.

So Singaporeans deserve the trouble PAP make for them.


Anonymous said...

German Mayor Beaten Unconscious After Announcing Plan To Accept Refugees

http://www.zerohedge.com/news/2016-10-01/german-mayor-beaten-unconscious-after-announcing-plan-accept-refugees
--------------------------------------

Fucking German slaves do not know their proper place in Germany.
They have a lot to learn from Singaporean slaves.

Veritas said...

The natural evolution of capitalism is Hinduism or Islam. Marx is wrong, it wont be socialism.
Right now Singaporeans KPKB about CPF because we are not Muslims and we are not dalits. Muslims will be ecstastic when their sheikh took their women and fuck, squander their wealth, educate them into a moron.

That is why there is a concerted effort in the west to promote Islam. Muslims can kill the white man but if white man shown anger, they be thrown into prison for being racist.

Hinduism works similar. The rich and loot monies and loot sexually. Hindu will think when they endure, they get good karma.

If PAP reset our CPF to zero, Muslims will be happy just like Malay support 1MDB Najib. Hindu will think they get good karma again.

The only thing that stand up against the elites are socialism now fusing with Chinese civilization.

Anonymous said...

Anon 10:57am
Got 70% meh? Why by election was 61%? Not 70%.
My guess is: now 55% support only.

1 Pap supporter used to teach me "be good neighbor, some noise is ok one" "these hawker centers no singaporeans want to do, they will be taken over by foreigners" " jobs for fresh grad $5000pm still singaporeans dont want to do, so govt gave them to foreigners" Ha ha, all the officials said this, he remembered to tell me.

Now he hardly said this to me liao. He bought a condo, may be following the old man s prediction that voting for Pap, property prices would go up. U can guess why he never smiled again.

There are many Pap supporters failed to make money by speculating on properties following the rosy picture put up by the old man. U expect Pap to get 70%? May be u need to find another old man to have a grand state funeral. The last one was not so grand right? So 70% cannot achieve lah.

Anonymous said...

There are many Pap supporters failed to make money by speculating on properties following the rosy picture put up by the old man.
12:52 pm

Of course also got Pap supporters failed to make money lah. In this world where got 100% pow chiak (sure win) one, u tell me lah?

If even only 55% majority can make money and happy to vote PAP, PAP win liao lor, tio bo? Just only a matter of big win or not that big win. Most important must win, and not every time lose one like the opposition.

Anonymous said...

/// Who has been so cruel to dip into the people’s coffin money? ///

Who told you CPF money belongs to you?

b said...

Gov everywhere is the same. They all think that the people money is their money. They will think of all ways to transfer people money into their pockets thru subsidies, subcontracting, outsourcing etc. They will tell the people that people live longer when only 5% of adults will live till 90. They will tell the people that they need to pay more for this and that when all mess are created by them. Gov is the problem. They are the enemy of the people.

Anonymous said...


血汗钱! 棺材本! 血汗钱! 棺材本!

血汗钱! 棺材本! 血汗钱! 棺材本!

Anonymous said...

Ode To Suffering Fools

You stupid and idiotic Singapore Fools,
You deserve the sucking and the screws
From heartless crafty Gov that you chose.
So do something and stop kow peh kow bu.
Next election comes, you know what to do.
Otherwise, your whole life would smell of stools
And your future generations will eat more poos.

by Bitter-Sweet

Anonymous said...

Ya hor, when some woman in Parliament said CPF is not your money they are so happy. They did not correct her to say CPF is your money. It therefore meant they agreed with what she said. CPF is not your money.

Anonymous said...

No problem lah. So many Sinkies have so much money in their bank accounts. What is CPF??? Only peanuts lah!! That's why 70% vote PAP. Only losers vote Oppo.

Anonymous said...

Redbean is very kiasu, like most Singaporeans. PAP has been the best thing since slice bread. Forward thinking and caring to the needs of Singaporeans, young and old, now and in the future. CPF is used for home purchase, medical insurance and pension upon retirement. What is wrong with that? All these caring measures introduced by the Singapore government have been introduced for the welfare of Singaporeans. Well done PAP.

Anonymous said...

@ October 03, 2016 3:53 pm

If some political whore-prostitute say in parliament that my cpf money is not mine.
The way to teach this person who really owns the cpf money is to vote her out.
At least that's what slaves in every country would do.

All except Singaporean slaves.
Too stupid to be free.

Anonymous said...

/// All these caring measures introduced by the Singapore government have been introduced for the welfare of Singaporeans. Well done PAP. ///
October 03, 2016 4:24 pm

Yes. The PAP government pay themselves very well too.
Very caring when it comes to looking after themselves.
Do you think PAP Ministers get 1 week MC for fainting ??

Anonymous said...

A young couple is already in debt of almost $1,000,000 for 25 years the moment they start a family.

$350,000 - 4 room HDB
$322,000 - Minimum Sum
$130,000 - Medishield premium
=======================
$802,000 - Total (estimate)

If the mean household income is $5,000/month, this debt is $2,673 is more than 50%!.

Good news is it is centrally collected and paid out via CPF, you dont' have to run to 3 or more financial instutions!

Anonymous said...

You are made to chain your own neck, sold your soul to be a slave and you either work till you drop dead or have your life cut short.

Anonymous said...

@ October 03, 2016 5:15 pm

So how to get out of debt?
Vote out the PAP lor.
It's the only way to be debt free in Singapore.

Anonymous said...

You are made to chain your own neck, sold your soul to be a slave and you either work till you drop dead or have your life cut short.
October 03, 2016 5:31 pm

So who ask you to vote PAP?
Ownself fuck ownself ... correct?

Anonymous said...

At first people cry mother and father that they can manage their own money better, they dont want CPF -- so the govt allowed them to invest in equities. They lost money and cry mother and father that the govt should not have let them use the money. The govt then allows them to buy HDB flats, so when they dont have enought money left after buying the flats they cry mother and father. Simple maths --- you want more cash left in your CPF, you buy a smaller flat. Period. Stop the whining. In case you are wondering -- I dont own a house and my retirement fund is very little -- BUT I'm not whining. It's my own bloody fault that I was unable to save more, because in my active years, I spent my money of other stuff instead of saving them.

Anonymous said...

Do you even
understand what
the discussion
is about ?

Anonymous said...

/// In case you are wondering -- I dont own a house and my retirement fund is very little -- BUT I'm not whining. It's my own bloody fault that I was unable to save more, because in my active years, I spent my money of other stuff instead of saving them. ///
October 03, 2016 5:34 pm

You want to be a PAP supporter and die poor ... that is your business.
- Please die before GE 2020
- hopefully a few Millionaires-in-White will accompany you

Anonymous said...

Did somebody in Singapore fall from grace?
From Army Chief to a running dog of the TummySick Investment Fund?

Anonymous said...

Shame! Shame!
Shame! Shame!
Running dog.
What a disgrace.
No more balls left.
No where to hide.

Anonymous said...

Stop the whining. In case you are wondering -- I dont own a house and my retirement fund is very little -- BUT I'm not whining. It's my own bloody fault that I was unable to save more, because in my active years, I spent my money of other stuff instead of saving them.

October 03, 2016 5:34 pm Delete

Yes you deserve it. It is called karma.

Anonymous said...

PAP has been the best thing since slice bread. Forward thinking and caring to the needs of Singaporeans, young and old, now and in the future. CPF is used for home purchase, medical insurance and pension upon retirement. What is wrong with that? All these caring measures introduced by the Singapore government have been introduced for the welfare of Singaporeans. Well done PAP.

October 03, 2016 4:24 pm

Yes, you deserve the PAP. Your karma is waiting around the corner.

Anonymous said...

One PAP supporter is going to die poor.
I hope it means his children and grandchildren will also live and die poor.

Anonymous said...

There is no option but to change the government. We should do it the democratic way of course. Chinese saying a snake without its head cannot move. So we should all aim to do this, lop off the snake's head, democratically of course, even though all the angsts are created by the government UNDEMOCRATICALLY.