CPF is not your money, or is it your money?

This is a comment posted in a thread in TRE.

‘oxygen:

October 10, 2016 at 11:45 pm oxygen(Quote)

CPF IS NOT OUR MONEY as we have been told in the political dog house – is it not true that our CPF – being part of our reserves – HAVE ALREADY BEEN SQUANDERED ALREADY?

And the enhanced nomination scheme for CPF aims to squander the CPF savings of surviving next generation?

WE ARE NOT FOOLS – bar the 70% TOO STUPID TO EVEN KNOW THEY ARE STUPID’

 

Many in the know could not forget the clever NMP who uttered this in Parliament. Pardon me, I could not remember her name, but we all know who she is.

If I could remember, after she uttered this remark, that the CPF is not the people’s money, not exactly and she justified that some parts of the CPF contributions were contributed by the employers, and with her legal trained logic, she declared the CPF is not the people’s money.

Was there a thunderous applause after she said this? I am not sure but I think everyone on the side of the majority in govt had a wide grin on their faces, and nodding their heads happily. Never mind why or what they were grinning at. I could remember one very important thing,no one spoke or sought clarification after this remark to confirm if the CPF is the people’s money or not. Correct me if I am mistaken.

Do you think every Singaporean ought to know, want to know what is the govt’s stand on this, whether the govt agreed or disagreed with her? Don’t you think the govt owed the people an explanation on this utterance, whether it is true or false? Never mind if it does not matter, that the people still has no control over their CPF money and legislations can be introduced to do whatever with their CPF money without their consent. I can understand, and I know, many of you have already resigned to the fate that the CPF money is not your money and did not want to say or do anything. It is water under the bridge. Too late.

Would any MP want to revisit this matter,  to question this loose utterance and demand the govt to take a stand, to explain to the people whether the CPF is the people’s money, the money of the CPF account holders, the people’s savings, the people’s coffin money?

Or is it not important anymore, overtaken by events, the reality of the CPF being legislated away to buy MedishieldLife and to be stuck in the minimum sums said it all? No need to bother?

Anyway daft Sinkies do not bother anymore. So what is the point?

Only in this country where the people saved a life time for retirement and when they are expected to withdraw their money for retirement, they found that it could not be done. And the best part, they accepted it as part and parcel of life, even a good thing.