Medishield Life panacea, now CPF panacea

Or is it Medishield Life panadol, CPF panadol? Another panacea in the making? The committee members are so happy. Hsien Loong is also so happy that he even said the CPF is a good scheme getting gooder, not his exact words. But it is a scheme that is getting betterer and betterer. I can hear champagne bottles popping and corks flying everywhere. A great scheme and a job well done.
 
Singaporeans are really fortunate to have so many super talents helping to govern the country and to rule them. I am sure the average politicians in the world would not have thought of such great schemes to better the lives of their citizens. The rest of the world must be very envious of Singaporeans and how well their lives are gonna be.
 
There are so many things to talk and praise about these two great panaceas. I am so excited that I lost the cork of my champagne bottle. It must have flown out of the window. ‘Now where is the cork?’ Just a glimpse of the great stuff in the new approved proposals. How many of you have your salary adjusted for inflation every year? Some may get more with promotions and increments. Only very few did not get any increments. Is there anyone out there where the company gives you a raise to compensate for inflation?
 
In this proposal, the CPF account holders will have the privilege of their savings being adjusted for inflation so that its value will not be badly affected. There will be a 3% adjustment to the retirement sum, I take this as the minimum sum, to account for inflation and rising household expenditure. Like that it means their income from the CPF when they are eligible to withdraw will always be enough. Whether an account holder gets a raise, no raise, or jobless, he will still have to make up for this 3% adjustment with his CPF savings.
 
Employers that did not compute an adjustment to the salaries of their employees to account for inflation and rising household expenditure should be put to shame. Maybe this will be the next step the govt will be taking to make it compulsory for employers to do so. What do you think?
 
I just do not know where to start on this CPF panacea. Let me just touch on those things that were not said, not recommended, but spoken loud and clear by this proposal. One, you are not going to get back your CPF money at 55 that CPF account holders are expecting. And when you get back some, the large portion of your CPF savings would still be stuck in your CPF account. Two, the govt still retains the right to decide how, when and how much of your money you can use. You Do Not have the right to decide on your life savings. Three, many of you may die young, before 55 or 65, sorry, you would not have the pleasure to enjoy your life savings. Four, many of you will leave behind quite a sum of money after you pass on in life in your CPF accounts. And for this, make sure you sign the right form to allow the balance to be taken out in cash by your beneficiaries and not transfer to their CPF accounts unless you so decided. Five, the minimum sums would go up and up, oops, I mean the Medisave Minimum Sum. Six, there will probably be more committees set up to make the CPF even betterer in the future if there is another Roy in Hong Lim.
 
I am lost for words for the moment. Let me recollect myself and my thoughts before talking about the details and the fine prints. Very tired, really. Am I happy with this new proposal? Or are you happy with this proposal?