View Full Version : work till you die
http://business.asiaone.com/news/raise-retirement-age-70-lim-boon-heng
What are we talking? 40 plus already Bosses trying to get rid. Finding another decent job is like climbing mt everest. If they guarantee me a decent job and not tray collectors at foodcourt, I will most happy to work till 70.
What are we talking? 40 plus already Bosses trying to get rid. Finding another decent job is like climbing mt everest. If they guarantee me a decent job and not tray collectors at foodcourt, I will most happy to work till 70.
Actually we all really do not have to retire at 70. Just pay up yr property and rent it out then use the money to rent in jb or batam where rental is really cheap and should have excess for daily expenses. Just surfed the batam houses for rent and for less than 500 sing a month one can live in a nice house...
Give me a job that pays >$2m a year and no clear KPIs (so don't need to meet also can) and own-time own-target flexi-hours, I will happily work until I die! Any other jobs 50 years already should retire and now ask people work till 70 years old?! :beats-me-man:
They should tell employers increase salary by 100% instead of ask people work till 70 years old or even older! :doh:
What are we talking? 40 plus already Bosses trying to get rid. Finding another decent job is like climbing mt everest. If they guarantee me a decent job and not tray collectors at foodcourt, I will most happy to work till 70.
well retirement age is set dont mean people have to work till 70 wat. Anyway the people KPKB no FT right that means where the work force come from? LPPL means existing 1 need to be tap lah. :doh::doh::doh:
People are frustrated that after working hard for 30 years to find themselves not able to retire comfortably in their own country.... :doh:
People are frustrated that after working hard for 30 years to find themselves not able to retire comfortably in their own country.... :doh:
lol.. since where in the world guarantee anyone have a sure win comfortable retirement if u work?
dont feel comfortable when retire? then means expectation is not realistic. Or means the last 30ys working was not smart enough. didnt plan. more like retirement just happen!.
So whos fault? blame never have smart parents that left a tidy sum to the kids for retirement then. ?
This is the cost of being a developed nation with higher cost of living, increasing medical cost, increasing social gap, etc. Rich wil exploit the poor. Middle income is the worst. Not.enough money to retire. Hence, you see why hillford sold out within a day with many thinking they can use property to hedge against inflation and get better rental income. Just hope they bet at the right horse.
Employers always exploit poor, otherwise how most employers become rich?! They become rich by being very charitable to their workers? :rolleyes:
That is why govt legislation is very important to protect the under-privileged.
But now actually is the middle-income that is the worst off! Have to provide for poor, but if unwilling to tax the rich, then how? Have to milk the middle-incomes loh! What's next? Increase taxes on certain things, like properties, GST, car taxes, ABSD, SSD, etc are also some of them already implemented, also increase in premiums for medishields, increase CPF min sums, what else? :o
This is the cost of being a developed nation with higher cost of living, increasing medical cost, increasing social gap, etc. Rich wil exploit the poor. Middle income is the worst. Not.enough money to retire. Hence, you see why hillford sold out within a day with many thinking they can use property to hedge against inflation and get better rental income. Just hope they bet at the right horse.
Wunderkind
18-01-14, 09:17
With rising cost of living and increase in life expectancy, one cannot afford to retire early and live comfortably for the rest of his life. The govt is becoming aware of an increasing number of penniless retirees who needs help. I have seen not a few old folks begging at food centers . Welfare can only do so much before it becomes a drain on the country resources if the pool of poor retirees starts to grow. Helping them with meaningful and gainful employment will gve them the means to live beyond their retirement income and also provide them with a sense of dignity and purpose in life.
any talk that CPF withdrawal age will also be 70?
Really cannot retire if cpf is locked till 70.
any talk that CPF withdrawal age will also be 70?
May be after retirement age has been raised to 70 years old (just like previously when retirement age raised to 62 years old)?
any talk that CPF withdrawal age will also be 70?
lol.. since where in the world guarantee anyone have a sure win comfortable retirement if u work?
dont feel comfortable when retire? then means expectation is not realistic. Or means the last 30ys working was not smart enough. didnt plan. more like retirement just happen!.
So whos fault? blame never have smart parents that left a tidy sum to the kids for retirement then. ?
How to plan when policies keep changing ? :scared-1::o
Fro those frequent travellers using Terminal 1 Changi Airport
you will notice an old man (probably past 70yrs old)collecting trolleys
For the Authority it is a sight to behold
as for me...so sad
Maybe Government should raise GST from 7% to 20%
afterall GST is meant to help the poor
Think they have decided not to help poor anymore so no raise GST? :cool:
Fro those frequent travellers using Terminal 1 Changi Airport
you will notice an old man (probably past 70yrs old)collecting trolleys
For the Authority it is a sight to behold
as for me...so sad
Maybe Government should raise GST from 7% to 20%
afterall GST is meant to help the poor
If what you say is right, then govt must have doing all the wrong things like Introduce and raise GST to help the poor, wage supplements and top up using tax payers money for the poor, public transport subsidies, min wages for cleaners and soon security guards, subsidy for HDB flats etc...! :banghead:
These people pay too low must either expectations not realistic, Or means the last 30ys working was not smart enough. didnt plan etc!!! :tsk-tsk:
Why should the rest of people subsidize them? :p
lol.. since where in the world guarantee anyone have a sure win comfortable retirement if u work?
dont feel comfortable when retire? then means expectation is not realistic. Or means the last 30ys working was not smart enough. didnt plan. more like retirement just happen!.
So whos fault? blame never have smart parents that left a tidy sum to the kids for retirement then. ?
Will the employer still willing to engage someone who is reaching 70? I know of someone, his employer keeps telling the staff that company not making profit, you are all old already, your children all grown up already, so can don't work already but the staff age range from 47 to 60 years and yet this boss already find that they are all too old liao.:simmering: And this boss wants cheap and good. Doing bookkeeping work, expect her to do taxation submission also, want to save on the auditor fee. Doing sales work, expect him to help out with computers problem, website maintenance, delivery and when boss not around, help to lock up the door, when CCTV camera break down, asks him to check and he is only drawing salesman salary, increment is the same as the rest of his colleague who just do their normal routine. isn't it unfair to this employee, he works longer hours and more jobs than his colleagues. This type of job must retire earlier the better, so much stress.:simmering:
Will the employer still willing to engage someone who is reaching 70? I know of someone, his employer keeps telling the staff that company not making profit, you are all old already, your children all grown up already, so can don't work already but the staff age range from 47 to 60 years and yet this boss already find that they are all too old liao.:simmering: And this boss wants cheap and good. Doing bookkeeping work, expect her to do taxation submission also, want to save on the auditor fee. Doing sales work, expect him to help out with computers problem, website maintenance, delivery and when boss not around, help to lock up the door, when CCTV camera break down, asks him to check and he is only drawing salesman salary, increment is the same as the rest of his colleague who just do their normal routine. isn't it unfair to this employee, he works longer hours and more jobs than his colleagues. This type of job must retire earlier the better, so much stress. :simmering:
Our former PM LKY and GCT is still working at age 90 and 72 respective
I don't mind getting >$1m a year doing some white-collar job with no one breathing down my neck and there is no KPI to meet and report results every year................... :p
Our former PM LKY and GCT is still working at age 90 and 72 respective
I don't mind getting >$1m a year doing some white-collar job with no one breathing down my neck and there is no KPI to meet and report results every year................... :p
Many people also do not mind handing over blank cheques for them to fill in the number
Fortunately is only >$1m a year
They could have fill in much much more :p:D
Don't think they get just $1m a year, this figure I just quote a low-ball figure (because I also don't know the figure). You know how much they get (including all those fat bonuses)?
Many people also do not mind handing over blank cheques for them to fill in the number
Fortunately is only >$1m a year
They could have fill in much much more :p:D
Don't think they get just $1m a year, this figure I just quote a low-ball figure (because I also don't know the figure). You know how much they get (including all those fat bonuses)?
heard their monthly pension is more than the 15k MP allowances
many years ago there was a Gazzette on Pension payment...seems like it has been taken down (did a search no more there, so stand corrected)
On the bonus...got no idea :confused:
Thought they still have Temasek board seats / GIC board seats, chairmanship etc? Those probably already pay several million $?
heard their monthly pension is more than the 15k MP allowances
many years ago there was a Gazzette on Pension payment...seems like it has been taken down (did a search no more there, so stand corrected)
On the bonus...got no idea :confused:
Our former PM LKY and GCT is still working at age 90 and 72 respective
They are different from us, we are "小人物". :ashamed1:
They are different from us, we are "小人物". :ashamed1:
Yalor, only for The Privileged few
for us only those $6 per hour type of job :beats-me-man:
why u all so see no open... lky really work until he die leh.. give him millions he oso no use them, only the children benefit from it..
why u all so see no open... lky really work until he die leh.. give him millions he oso no use them, only the children benefit from it..
I see very open wan
that's why said Blank cheque for him to fill :doh::doh:
why u all so see no open... lky really work until he die leh.. give him millions he oso no use them, only the children benefit from it..
生不带来死不带去。 Think about it, in fact everybody also the same, we work so hard and save so hard, in the end when we are time "to go home", all our money will be shared by our children and the survival spouse. :scared-3:
Patrickstar
21-01-14, 22:36
It is damn easy for these men in white living in ivory towers n doing cushy desk work all their lives to talk about working beyond the years. Try asking those 60+ year old ministers to take on some manual work like washing dishes in food court for a month n see if they can tahan.
http://business.asiaone.com/news/raise-retirement-age-70-lim-boon-heng
Allthepies
21-01-14, 22:45
on a positive notes, once you are born as a Singaporeans, you have already won the lottery of life. Working till u die is much much better than havent start working already dead or no work to do no matter what age u are
See bay funny people. When have lower retirement age. people say not fair. discriminate against the older work force. raise it all kpkb say ask them to work longer. in the same breath all kpkb say don't want FT come do the job..
so I am curious Who should do the work then? Ghost?
I see very open. can say retirement age 100 also like tat. once I hit my target I stop don't matter if they set it 100 also. but maybe thats also good. flexible want to stop stop want to work work to each his/her own.
phantom_opera
22-01-14, 05:30
生不带来死不带去。 Think about it, in fact everybody also the same, we work so hard and save so hard, in the end when we are time "to go home", all our money will be shared by our children and the survival spouse. :scared-3:
For a typical middle or upper middle class Singaporeans, they devoted first 2/3 of life to work, after that give away money to:
1. Doctors and hospitals
2. Children (or wife)
3. Garmen (as your 99LH becomes worthless eventually)
not to mention special tax like COE, ABSD, SSD, tuition fees, CPF OA sucker rate
but not much better elsewhere so don't complain
See bay funny people. When have lower retirement age. people say not fair. discriminate against the older work force. raise it all kpkb say ask them to work longer. in the same breath all kpkb say don't want FT come do the job..
so I am curious Who should do the work then? Ghost?
I see very open. can say retirement age 100 also like tat. once I hit my target I stop don't matter if they set it 100 also. but maybe thats also good. flexible want to stop stop want to work work to each his/her own.
Agree. They can set any retirement age that they want, want to retire or not depends on individual. Some are still very fit, so they want to work longer, if set at earlier age, they will be forced to retire. Whereas some people want to work longer also cannot due to certain reasons eg sickness or need to take care of elderly parents etc.
I know of a couple who are doctors. They have $ but no Time and the children is at home only in the evening. The domestic helper is the enjoying the big house with nice garden and swimming pool. :D
See bay funny people. When have lower retirement age. people say not fair. discriminate against the older work force. raise it all kpkb say ask them to work longer. in the same breath all kpkb say don't want FT come do the job..
so I am curious Who should do the work then? Ghost?
I see very open. can say retirement age 100 also like tat. once I hit my target I stop don't matter if they set it 100 also. but maybe thats also good. flexible want to stop stop want to work work to each his/her own.
Garment can keep raising the CPF ceiling and accumulating money.:D
Agree. They can set any retirement age that they want, want to retire or not depends on individual. Some are still very fit, so they want to work longer, if set at earlier age, they will be forced to retire. Whereas some people want to work longer also cannot due to certain reasons eg sickness or need to take care of elderly parents etc.
Garment can keep raising the CPF ceiling and accumulating money.:D
We'll people have a choice to stop work to not contribute $ if they don't want too.
Garment can keep raising the CPF ceiling and accumulating money.:D
yalo... not about the working or retirement age... is when we can take back our CPF....
Think most people don't need higher retirement age, but they want lower age to get their CPF? :o
yalo... not about the working or retirement age... is when we can take back our CPF....
Think most people don't need higher retirement age, but they want lower age to get their CPF? :o
they are doing the exact opposite :doh:
There are pros and cons of getting CPF in a too early age. Of course, money put in our pocket is better, but IMHO, for those who know how to save and re-invest their money elsewhere to get better return, taking out the money is of course better but for those who only know how to spend when they see money, I think it is better for them to save in the CPF Board. :2cents:
There is already CPF Life, which can start earlier, and hence there is no reason to keep delaying the excess money above the min sum in people's CPF that they can take out. Remember, that is people's own money, and earning meagre return there (especially with the new interest rate pegged to 10 years bond)! If they want to encourage people to keep in CPF, then better give better returns! :rolleyes:
There are pros and cons of getting CPF in a too early age. Of course, money put in our pocket is better, but IMHO, for those who know how to save and re-invest their money elsewhere to get better return, taking out the money is of course better but for those who only know how to spend when they see money, I think it is better for them to save in the CPF Board. :2cents:
There are pros and cons of getting CPF in a too early age. Of course, money put in our pocket is better, but IMHO, for those who know how to save and re-invest their money elsewhere to get better return, taking out the money is of course better but for those who only know how to spend when they see money, I think it is better for them to save in the CPF Board. :2cents:
Those who are savvy like many here would have taken the $ out of CPF long ago even before retirement age. i.e buy a property and collect rental every mth.
Those who donna how to use the $. better keep it with CPF . If not take out liao later kpkb no $. blame god blame government. but never look at themselves.
Those who are savvy like many here would have taken the $ out of CPF long ago even before retirement age. i.e buy a property and collect rental every mth.
Those who donna how to use the $. better keep it with CPF . If not take out liao later kpkb no $. blame god blame government. but never look at themselves.
Yalor, that's what I want to say. I know of someone, took out the money and invest in shares, in the end lost all the money, now bank account empty, luckily earlier his wife asked him to invest in ppty, if not he would have lost even more. And another one, took out the money, within 1 year, all the money gone, spend and spend.:doh:
Since these people don't know how to invest their money, and govt want to help them, then better give better returns right since their actual return is 6-12% per year but they only give you 2.5% in CPF....... :p
Yalor, that's what I want to say. I know of someone, took out the money and invest in shares, in the end lost all the money, now bank account empty, luckily earlier his wife asked him to invest in ppty, if not he would have lost even more. And another one, took out the money, within 1 year, all the money gone, spend and spend.:doh:
Had one property purchased partially using CPF years ago. Collecting rental to make capital repayment and use spare cash for other investment. Will not sell this property given good return and also because a portion of the money from the sale of property will have to be returned to CPF account. Money is better to be in my pocket than in garment's pocket.
Since these people don't know how to invest their money, and govt want to help them, then better give better returns right since their actual return is 6-12% per year but they only give you 2.5% in CPF....... :p
phantom_opera
24-01-14, 08:15
luckily our CPI is all tied to NTUC brand of goods resulting in lower HEADLINE inflation rate, otherwise ... your CPF SA min sum will not be 148k, it will be 200k by now :doh::doh::doh:
Going to a breakfast talk at Ritz Carlton tomorrow. Let's see what other investment opportunities in this uncertain markets. :p
http://www.propertyrichesprogram.com/blog/category/property-investment-deals/Check this alternate investment out. Invested quite a few rounds for past few years quite comfortable n have a peace of mind. If there are better ones, let me kno. ;)
Going to a breakfast talk at Ritz Carlton tomorrow. Let's see what other investment opportunities in this uncertain markets. :p
Wow, so many people at this event. Good food as usual. Shall see if CIO can share some good insights of market outlook and investment opportunity.
Going to a breakfast talk at Ritz Carlton tomorrow. Let's see what other investment opportunities in this uncertain markets. :p
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