Changes at CPF that will affect your Medisave Savings

Below is a copy from the CPF website on Medisave Savings, Q&A. You may want to know the Basic Healthcare Sum which is the Medisave Contribution Ceiling sum.

Is there a ceiling on the Medisave balance?

 

Yes, the current Medisave Contribution Ceiling (MCC) is $48,500. The Medisave Contribution Ceiling keeps up with inflation so that Singaporeans will have sufficient savings to meet their healthcare expenses.   For members below 55 years old, any Medisave contribution in excess of MCC will be transferred to their Special Account and/or Ordinary Account (if their Special Account savings have reached the current Full CPF Retirement Sum).   For members 55 years old and above and who have not set aside Full Retirement Sum or Basic Retirement Sum (with sufficient property charge/pledge), the excess Medisave contributions will be transferred to their Retirement Account. For those who have set aside the applicable retirement sum, the excess Medisave contribution will be transferred to the Ordinary Account.   Government pensioners under the Fixed Amount on Ward Charges Scheme (FAW) do not need to have Medisave whereas pensioners under the Co-payment on Ward Charges scheme (CPW) need to contribute to Medisave for up to 30% of the current MCC.   The MCC will be renamed as the Basic Healthcare Sum (BHS) from 1 January 2016. The BHS is designed to be enough for a CPF member’s basic, subsidised healthcare needs in old age. Amounts above the BHS will be transferred to the member’s SA, RA or OA, similar to the MCC.    The BHS will be set at $49,800 on 1 January 2016 for all CPF members. The BHS will be adjusted yearly in January to keep pace with the growth in Medisave use by the elderly. The BHS will be fixed when members turn 65, and this amount will not change for the rest of their lives. Therefore, all members aged 65 and above in 2016 will have the same BHS of $49,800 for the rest of their lives.

Japan should rearm - An irresponsible and insensitive thought

‘Why Japan should re-arm’ is the title of an article in the Today paper on 1 Dec by a Brahma Chellaney, a professor of Strategic Studies at the New Delhi based Centre for Policy Research.  The whole argument was based on an imagined fear of China as a regional hegemon and Japan as the angel and India as the archangel of peace and stability. While India has its big dream of becoming a super power one day in the next century, there is no need to bring out the butcher of World War 2 as a messenger and guardian of peace. India may not have suffered the brutality of the Japanese Imperial Army when they invaded Asia. India might be fighting with the Japanese to rid the British colonialist, but the rest of Asia suffered gravely with 30m killed by the invading Japanese forces.

And the idea that Japan was a pacifist country by choice is a big farce. Japan was forced to be a pacifist country by the Americans when they defeated the brutal Japanese and handcuffed them in a Pacifist Constitution to prevent the Japanese from more mischief and adventurism. Pacifism is embedded in the Japanese Constitution by force. Militarism is in the blood of the Japanese. The quick passing of the revisionist policies of Abe to wage wars in the Japanese Diet is ample proof of the real Japanese and not the few hundred protestors in the streets.

Despite the pacifist Constitution, Japan has been allowed to rearm by the US as a possible force to counter the rise of China, and its armed forces is second only to China in Asia and could easily run down South East Asia once again. The militarism of the Japanese has not gone away. This is the most barbaric colonialist of the Second World War. Allowing Japan out of the bottle will destabilize Asia once again.

What has this Brahma Chellaney been smoking or drinking? Too much toddy?  The rearmament of Japan ‘would enhance its capacity to forestall the emergence of a destabilizing power imbalance in East Asia? Who started a world war in East Asia, who invaded the countries in East Asia and South East Asia? This professor must be reading history from Japanese history books. In a slip his real intent came off when he said, ‘A more confident and secure Japan would certainly serve the interests of the US, which could then depend on its close ally to take more responsibility for both its own security and regional peace. Americans increasingly seem to recognize this, with 47 per cent of respondents in the Pew survey supporting a more active role for Japan in Asian security. The Asian countries must be stupid to ask the butcher and invader of their countries to guard the peace and security of the region.

Japan would not support or encourage aggression? How silly.

PS. Does the Today paper and the Singapore govt also support this view, that Japan should rearm? Remember Sook Ching? Remember Syonan-to? Stupid people got short memory.

Dan Tan, the Home Affairs and Law Minister spoke

After a week of silence, a very unusual thing for the outspoken Law Minister to do so, he finally spoke about the injustice of the Dan Tan case. But to be correct, according to the media, he never say anything about injustice. In other words there is no injustice.

Shanmugam said the law, the Criminal Law (Temporary Provisions) Act(CLTPA) is sound. He said there is nothing wrong with this law. I agree. He also said ‘a majority of Singaporeans support it’. This part I am not sure. If I were to conduct a poll in my blog, I can guarantee at least 70% will be against it unless Raymond and his clowns appeared to stuff the votes. Would be good if the minister can enlighten the people on where he got this impression that a majority of Singaporeans support it. Is it because no one is demonstrating against it, no one is marching on the streets, or no one spoke against it? See, no protest so everyone must be happy.  I am not saying the minister is wrong on this. He could be right. Just not sure how he got the numbers to support his claim of a majority.

Ok, nothing is wrong with the law. So is there anything wrong with this case? The Chief Justice and his appeals judges said it was wrong to detain Dan Tan and summarily released him. If there is nothing wrong, then am I right to say that the Chief Justice and his peers must be wrong? Why was Dan Tan detained without trial and with no conviction, for two years?  According to Shanmugam, ‘the Ministry of Home Affairs (MHA) had assessed Tan to be a threat, and his detention in 2013 was “on good grounds”’ Oh the MHA made an assessment.

What was Shanmugam saying, the law is ok, the detention is by an assessment of MHA which was also ok?  So there is really nothing wrong. Would the MHA appeal against the decision of the Appeals Court since everything is ok? Ok, he said MHA is not going to appeal, or MHA is accepting the court’s decision.  

Now the bad part, the international observers, not sure who the heck these observers were, and former, not current, Interpol investigators, have taken issue with the court’s decision.  So?

And this is the betterer part, ‘From their perspective, without having looked at the grounds of the Court of Appeal’s judgement, they take it at the headline, that he is being released by the courts and they can’t understand.’  Oh, like that ah! Does it mean that they are all so superficial, shallow, ignorant, just like the readers in my blog and in TRE, only read headlines and jumped into conclusions? These are law enforcement officers, and they acted like that without thinking, without knowing the truth? And our Court of Appeals must therefore take note of these superficial jokers’ concern, that they did not understand?

Shall the Chief Justice or the Law Minister write to these international observers and former Interpol investigators to explain to them why the Court had to release Dan Tan so that they will not be unhappy with the Court’s decision? If not, would it damage the reputation of Singapore or our justice system? Or the release of Dan Tan is going to post a threat to our peace and security?

What is the best thing to do? Rearrest Dan Tan or what?

Outsourced to overseas operators to hire Singaporeans

Outsourcing of services to cheaper 3^rd world countries for less important services have been going on for several decades and the business of outsourcing is still doing well as the business competitiveness keeps going lower and lower down the value chain, from a cheap country to another cheaper country. To the business that outsourced its services, it is all about keeping cost down. Nothing else matter especially in the banking and IT industries where sensitive data and critical operations can be compromised, sabotaged or important data stolen. No, these are not important as long as there is cost savings.

Not all oursourcing services goes to cheaper countries. Some outsourcing went to developed countries like Australia, New Zealand and now UK is also in the picture. I was told by someone who was fuming mad that he lost a bid for a very big job to an Australian agency. But this was not his sore point. The pain came when the Australian company contacted him to be the subcontractor as the Australian companies did not have the expertise or his expertise was cheaper. What it meant was that the Australian agency ended up as the main contractor and getting the first and biggest cut of the pie. He ended up doing the donkey work as the subcontractor with a few pieces of crumbs.  Singapore job given to foreign companies to make the money and Singaporeans still ended up doing the job for less!

This kind of outsourcing is not exploiting the cheap labour of foreigners but on Singaporeans. And the foreigners get the most profit.

There is now a hybrid model of outsourcing. This is outsourcing to a 3^rd world country, presumingly cheaper, only for the 3^rd world agent to hire cheaper locals to do the job here. This model just surfaced in the LTA officer beating up a Uber taxi driver case. LTA outsourced its parking and traffic control services to a foreign company called Ramky Cleantech Services. I found this out from a post in TRE. And this foreign company then hired Singaporeans and locals to do the jobs here. I am not sure if the fighter LTA officer now arrested is a local or a Singaporean.

Anyway, this is the new model of outsourcing services. What is the advantage of such a costing saving arrangement? If the foreign company is hiring locals or Singaporeans and pay them cheaply, how cheap could they pay them and how much would be the savings? From this beating incident, the LTA officer must not be paid much as he was not interested in his job. I think the most savings must come from top management staff. If this company is operating in a 3^rd world country, and their management staff are located in the 3^rd world country, they can’t be expected to be paid in the millions like in Sin City. There must be a lot of savings from not paying their management staff in S$ and in the millions. I think this makes sense.

I am not sure how many different models of outsourcing could there be. I know one model would not happen. This model would be setting up a Singaporean company overseas, hired Singaporeans in top management and pay them millions to hire workers in 3^rd world countries. The savings cannot be much even if the rental is cheaper. The Singaporeans would demand for more for hardship pay, living in a 3^rd world country and suffering the inconvenience of living.

What do you think?

The two most feared political developments in East Asia

I am looking at this from the perspective of the Americans and the Japanese and their interests in the region. There are two developments that would not only make them crazy but turn purple. And they are doing everything possible to make sure that these two events must not happen. There is a third event that is even more fearsome than these two. I shall discuss about that in an article by itself.

 

What are these two events that the Americans and the Japanese feared most? It is reunification, the reunification of the two Koreans and the two Chinas. When the two Koreans reunite as one people and one country, the American bases in South Korea would have to close shop. There is no need for another Vietnam War or Korean War and it would send the Americans packing. There will be no more opportunities to keep inciting the North Koreans, to provoke them and called them aggressive or part of the Axis of Evil. There will be no opportunities to conduct war games in the seas around Korea. There will be no reasons to force the South Koreans to pay for American protection, to pay for American military hardware. There will be no reason for the South Koreans to put their armed forces under the control of an American general. There will be no opportunities to create false flag incidents to pit the two Koreans to kill each other. And South Korea will become a full fledge independent state, reunited with North Korea in a new, bigger, economically and militarily more powerful Korea.

 

A new united Korea will be as big as Japan, with equivalent arms to boot and with nuclear weapons. Japan would not be able to play the South Koreans to hate the North Koreans, to perpetuate a divided Korea that would be no threat to Japan. Japan will have to deal with the Koreans as equals, and cannot think of ruling them all over again, and no more wild ambitions on Korean islands and territories.

 

The first victim of a reunited Korea will be Japan. The Americans will raise their hype of a dangerous Korea to Japan’s security and would insist on having more military bases in Japan to protect Japan. Japan would have to cede more land to the Americans, to pay for American protection and be a confirmed colony of the Americans. After losing their bases in the Korean Peninsula, the Americans have no choice but to turn Japan into its front line of defence against a perceived threat from Korea and China.

 

And what would happen if China and Taiwan would also reunite at the same time? Both the Americans and Japanese would go bonkers. They could no longer provoke and incite the Taiwanese to irritate the Chinese. They could not play the two Chinese states against one another. There will be peace and unity in the East Asia continent. Japan and its colonial master would find themselves surrounded by China, Korea and Russia. They will be isolated if necessary by the three countries.

 

When this day comes, there is a great likelihood that Japan too would make peace with Korea, China and Russia and ask the Americans, please go back to America. There is peace in East Asia and there is no need for an American presence in the East China Sea.

 

For the time being, Japan and the USA will be putting in extra effort to ensure that Taiwan will keep having its independence dream covertly supported by the Americans to be a constant pain and irritation to China. Likewise both Japan and the USA would never allow the South Koreans to reunite with North Korea and would continuously raise the threat of an aggressive and mad North Korea waiting to invade the South and kill the South Koreans.