ZI Mo wrote in the TRE about his friend of 30 years, at 57,
chose to hang himself after a business failure that left him penniless. But his
main reason as stated in his suicide note was to withdraw his $200k savings in
his CPF to support his two school going sons. Only death could he get access to
his CPF savings.
Another blogger commented that one of his best friends
jumped from his HDB last year due a $30k debt. He left behind a wife and two
daughters and more than $200k in his CPF.
Let’s hope that their last wishes were fulfilled and their
CPF savings all went to their families and nothing is being held back, like
some being transferred to the beneficiary’s medisave minimum sum account. I
stand corrected on this, but so far I have been told that this is the case and
not all the balance in the CPF will be paid out in the case of death.
Is this suicide thing going to be a trend and one of the sad
ways for a down and out Sinkie, jobless and penniless but with a few hundred
thousand in his CPF savings, and killing himself is the only way to release the
money to his loved ones?
Many PMETs are living precariously the moment they lost
their jobs to a foreigner and find it hard to get another job. And to make
matters worse, many have school going children and a housing mortgage to
service.
Welcome to the richest city state in the world when one out
of two citizens is a millionaire on paper. More such tragedies are in the
pipeline.
My advice to those people meddling in people’s life savings
and having designs on the money these people have saved for a life time to
serve their private agenda, please do good, do more good, and return the money
to the rightful owners. You do not know what the invisible hand will do to you
next. Do not intentionally cause tragedies to others for your private amusement
and vested interests. Go and squander your own money no one will care. When you
start to mess around with other people’s money, like the two suicide cases
mentioned, you have blood in your hand.
Repent before it is too late. Beg for mercy when you still
have time.
Kopi Level at the moment is red.
16 comments:
RB, I thought there was also an old lady that called it a day to avoid medical fee burden on her kids?
Btw have clicked many website to bring your kopi up
I thought at 55 already can withdraw some money?
Or is it unless die, cannot withdraw anymore if only $200K or less in CPF at 55?
Bro, aged 55 can withdraw but must have enough in minimum sum and medisave account.
Can withdraw only minimum if these two accounts do not meet the targets.
In 1998, I was forced to let go some assets due to been terminated from my job for going against the Management stupid policies.
At that time before 55. Ironically had thousands in cpf but cannot withdraw.
Luckily do not have to beg in streets. Now withdraw thousands and deposited in banks.
So no urgency to use them. So when you need to use your own monies but not allowed to and now no need to use them, you have excess.
The PAP must let those at age 55 withdraw all of it and their business on hiw to use it.
People are not so stupid to squander all they have
Deepest sympathy and condolences to the family.
Sad to read about such cases.Hope that his last wish is granted and be the last case.
This is very sad indeed. If I am going to commit suicide, I will bring down one of those traitor ministers. Gov who colluded with bankers is a crime. It should be stipulated in the constitution.
Sad. Someone we know was transferred to nursing home in JB after the strokeout. She is in her early 50s.
"Many PMETs are living precariously the moment they lost their jobs to a foreigner and find it hard to get another job."
RB
Yes many, but still not enough to vote the PAP out, assuming they did not vote PAP last GE.
"The PAP must let those at age 55 withdraw all of it..."
Virgo 49 5:46 pm
I think the PAP will only do so when the strongest opposition party announce they are ready to be govt.
Or when MH370 debris is found in the Indian Ocean.
Anon 4:47, thanks. Kopi turning green.
We used to be very proud of our CPF scheme. It was a very good savings scheme for the people. Now see what it has been turned into? It is now a monster, and with people committing suicide or emigrating just to lay their hands on their money, it is so shameful.
The evil men and women turning this CPF scheme into what it is today will have to answer for it one day.
/// The evil men and women turning this CPF scheme into what it is today will have to answer for it one day. ///
@ April 26, 2014 8:56 pm
Blame the 60% who voted for the PAPigs.
Also blame the 40% who did not convert just ONE of their parents, relatives, family members or friends.
Just how difficult is it to convert just ONE brother or sister to vote Opposition?
How dificult is it to convert just ONE father or mother to vote Opposition?
How dificult is it to convert just ONE friend to vote Opposition?
thanks to red bean, i finally realised why the living fossil aka zombie aka lee kuan yew is still ALIVE
FOR A SIMPLE REASON:
HIS DESCENDANTS DO NOT REQUIRE HIS CPF MONEY TO FILL THEIR STOMACH
RIP ... to those fallen heroes
knnccb ...
btw .... red bean
THEY ARE NOT BRAVE
B U T
DESPERATE
PUSH TO THE EDGE
by those mother fucking PAPigs
knnccb
Alternatively,if only he has read MSN on my comments,he may not have to go.
If he listen and treat CPF as a tax paid and with no return.
He will then work harder and continue to live because he knows that he still have 2 kids to take care.
Please forget about cpf and live longer or.Dun keep hoping and may increase the population in IMH.
Go buy 4 D better.
Uncle Chua Chin Leng,
If the no shamed, greedy and traitorous PM accedes to your proposal to return all the blood, sweat & hard-earned CPF savings to all the depositors, then where is Whore Jinx, the Marie Antoinette of Stinkapore going to draw her unlimited supply of ammunitions to speculate in the global markets and lose by the tens of billions.
Most schemes start out as good, that is why they are able to get started.
But most schemes eventually turn into shit schemes, because whenever humans have their hands on it, they start to change the rules, lost their conscience in the process, becomes greedy managing it because so much money can be manipulated for partisan gains, the ones that suffers are those who voluntarily or involuntarily subscribed to it.
Not only us RB. Those retirement funds put aside by workers over the decades in the West have also gone to the dogs. Some will not even be able to pay the pensioners when the time comes, and it will be very soon.
America has gone to the dogs. Their vice president goes on stage playing with his dog. Doggone funny piece of news!
I thought the dog was about to give a speech!
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