I suggest this for CPF so those people will stop complaining

[star]

I suggest govt to come up with opt in or out cpf for those who started working:

1) u can opt out of cpf. U r on your own. Employer no need to pay u 16% (employers laughing all the way to bank) and u keep your 20%. U will not have anything in your cpf account including medisave because u never deduct money 20% for cpf. You die your own business.

2) u can opt in cpf, u get 16% from employer and 2.5% interest rate for ordinary and 4% for special account but u need to follow whatever the govt implement, this includes retirement age and minimum sum.

[xebay11]

I suggest govt to come up with opt in or out cpf for those who started working:

1) u can opt out of cpf. U r on your own. Employer no need to pay u 16% (employers laughing all the way to bank) and u keep your 20%. U will not have anything in your cpf account including medisave because u never deduct money 20% for cpf. You die your own business.

2) u can opt in cpf, u get 16% from employer and 2.5% interest rate for ordinary and 4% for special account but u need to follow whatever the govt implement, this includes retirement age and minimum sum.

What kind of option is this? Your choice like no choice, next!

[onglai]

I suggest govt to come up with opt in or out cpf for those who started working:

1) u can opt out of cpf. U r on your own. Employer no need to pay u 16% (employers laughing all the way to bank) and u keep your 20%. U will not have anything in your cpf account including medisave because u never deduct money 20% for cpf. You die your own business.

2) u can opt in cpf, u get 16% from employer and 2.5% interest rate for ordinary and 4% for special account but u need to follow whatever the govt implement, this includes retirement age and minimum sum.

i believe wat pple want
1) CPF rate to match inflation or higher
2) minimum sum dont increase like their fathers time
3) 55 year old can withdraw everything like their fathers time

[Arcachon]

Every time Government print money give some to CPF.

http://www.tradingeconomics.com/sing...oney-supply-m3

[thomastansb]

When you have 1 to 2 million people retiring, will you take the risk?

What if, half of them finish their CPF by 60 after they withdraw it at 55? It is a huge risk. They will end up begging, going to government, or whatever you can think of.

I would of course want to withdraw everything at 55. But not sure if it is a wise choice to make.

I suggest govt to come up with opt in or out cpf for those who started working:

1) u can opt out of cpf. U r on your own. Employer no need to pay u 16% (employers laughing all the way to bank) and u keep your 20%. U will not have anything in your cpf account including medisave because u never deduct money 20% for cpf. You die your own business.

2) u can opt in cpf, u get 16% from employer and 2.5% interest rate for ordinary and 4% for special account but u need to follow whatever the govt implement, this includes retirement age and minimum sum.

[Cupcakes]

When you have 1 to 2 million people retiring, will you take the risk?

What if, half of them finish their CPF by 60 after they withdraw it at 55? It is a huge risk. They will end up begging, going to government, or whatever you can think of.

I would of course want to withdraw everything at 55. But not sure if it is a wise choice to make.

We go begging, govt also don't care. we go to govt, govt also dont bother. Then i rather take all my money by 55 or 60. At least, i choose my own future

[mummy]

We go begging, govt also don't care. we go to govt, govt also dont bother. Then i rather take all my money by 55 or 60. At least, i choose my own future

I think if very poor, government will care ....

[darkseed73]

We go begging, govt also don't care. we go to govt, govt also dont bother. Then i rather take all my money by 55 or 60. At least, i choose my own future

I agree, pls don't make it sounds like govt is feeding our old ppl now.

They lock our money and give us back NOTHING and we STILL HAVE TO BEG.

Why should I allow that to happen?

[玉格格]

I suggest govt to come up with opt in or out cpf for those who started working:

1) u can opt out of cpf. U r on your own. Employer no need to pay u 16% (employers laughing all the way to bank) and u keep your 20%. U will not have anything in your cpf account including medisave because u never deduct money 20% for cpf. You die your own business.

2) u can opt in cpf, u get 16% from employer and 2.5% interest rate for ordinary and 4% for special account but u need to follow whatever the govt implement, this includes retirement age and minimum sum.

y no option 3?
We opt out employee's 20% fm cpf.
juz let employer contribute the 16% in cpf is gd enuff liao

[star]

U all can opt out if u don't like. U r given a choice to choose.

[eng81157]

U all can opt out if u don't like. U r given a choice to choose.

do we have the luxury of choice to opt out of CPF? not so eh?

[august]

When you have 1 to 2 million people retiring, will you take the risk?

What if, half of them finish their CPF by 60 after they withdraw it at 55? It is a huge risk. They will end up begging, going to government, or whatever you can think of.

I would of course want to withdraw everything at 55. But not sure if it is a wise choice to make.

you not sure does not mean others are like you also not sure.

[fiat500]

We go begging, govt also don't care. we go to govt, govt also dont bother. Then i rather take all my money by 55 or 60. At least, i choose my own future

The gahmen is afraid that if u squander away all yr $ n you are too old or weak to work,they will end up having to look after u...

[smallant]

really squander $$ away ? really how many cases out of millions?
reckon singaporean are smart enough la... at least wont lose billions rite ? ;-)

[star]

This opt in or out can only choose once. Once u opt in or out no going back until u fulfill the retirement age.

[Arcachon]

This opt in or out can only choose once. Once u opt in or out no going back until u fulfill the retirement age.

If the Government have this option, I will be the first to list all my property in Singapore for sale.

[star]

If the Government have this option, I will be the first to list all my property in Singapore for sale.

Bro there r too many kpkb people. They just never think of anything and just complain. They thought their investments can beat cpf which is 2.5% interest rate plus 16% employer.

[Yuki]

really squander $$ away ? really how many cases out of millions?
reckon singaporean are smart enough la... at least wont lose billions rite ? ;-)

I personally witnessed how some one splundered the money they got from downsizing... $80k in less than 2 years..not forgetting they have a 3.5k job..N plus they withdraw everything from their Cpf...got themselves new gfs. When I point out that they are splundering their money n lives away..just keep the money...Dun downsize..just rent out their roomy 5 room..they rebutted me that they are old Liao Will not live beyond 70..

These people are the same batch of people who kpkb against the government for locking up their funds. Now after getting their hands on their money liao...spent all no money liao..now blame government for othere.

No offense.. I feel the people who made the most noise are those financial not savvy people. Just want to spend.

Government well intentions are very misunderstood.

[minority]

We go begging, govt also don't care. we go to govt, govt also dont bother. Then i rather take all my money by 55 or 60. At least, i choose my own future

well when the people become desperate they resort to vice then it starts to matters.

[minority]

do we have the luxury of choice to opt out of CPF? not so eh?

who say cannot. u can go drive a taxi! DUH!!!!

[minority]

really squander $$ away ? really how many cases out of millions?
reckon singaporean are smart enough la... at least wont lose billions rite ? ;-)

u will be surprised. I see so many cases.

[heehee]

Can be more specific how many cases you see or hear only?

Actual number likely very small.

u will be surprised. I see so many cases.

[minority]

http://spicesg.blogspot.sg/2013/04/c...c-woman_8.html

Just relating my experience as I hope other Singaporean men don't make the same, silly mistake. I really regretted meeting Xiao Feng. I recently started going to KTVs because of job requirements. I went to a place called, Grand Dynasty, just to bring my suppliers to enjoy themselves on company expense.

I am single and live alone, so it was refreshing when I met Xiao Feng, a pretty girl from Hunan. Although she was a KTV hostess, she made me feel like she was my girlfriend. Anyway, to cut the long story short, she chatted and exchanged phone numbers. I tipped her $50 after settling the bill and thought that that was the end of it.

When I got home at 3am, my phone rang. It was Xiao Feng. She wanted to see me and asked whether she could come to my place. I was excited because I really enjoyed chatting with her. I went back to pick her up and headed straight to my place. She stayed from 4am to 3pm and we enjoyed 2 ****s in the process. She told me she's here only for 30 days, and wanted to make as much as she can for her parents and brother back home. Before she went home, she asked me for $500. I was taken aback, and it was my mistake for not asking her the rate! SHIT! I don't earn a lot, as I'm just a salaryman. Anyway, I liked the feeling being with her and she assured me next time it would be 'free' as she said I am the only one she had sex with and wanted to see whether there is a future for us. She even asked me to spend Christmas in Shanghai with her. Taken in by her sweet words, I paid up. Yeah, I'm still banging my head on the wall! Though painful to my wallet, I really liked her and although people warned me not to get involved with KTV girls, the heart rules.


Anyway, I couldn't get my mind off her after that and she called me again on Friday saying to meet her after her "work". I said "OK" and again went back to my place to ****. Kept on telling myself that if she asks for $$$, its the end.... again we ****ed twice and she stayed till 5pm. To my surprise she did not ask for $$$ when i was sending her off, then i decided to send her back. BIG MISTAKE

[minority]

Can be more specific how many cases you see or hear only?

Actual number likely very small.

I know many >10 uncles know are frequent KTV goers. How long they can continue before the exhaust their $$$? well its a matter of time. when ask why spend so much on this vices? answer cannot afford when young. now can why not. will die anyway.

I also have a friend whos father who dont have a job go buy a car coz his so call friend promise him some bogus business venture. and as a boss he must have a car. After get car liao then struggle to pay.

I also have 1 is son drain all his $ coz son have more GF then he can afford rake up lots of credit card bills then go ask father and mother help. Both parents are retirees end up the mother have to come out to work again as coffee aunty to put food on the table plus look after the son kids coz the daughter inlaw run away.


Another like gamble from gamble on boat to genting to 4D to casino. even force to sign exclusion he still can find way to gamble. from landed gamble until left HDB. No income ask kids for $ to gamble.


countless example I have seen from personal relative to friends.

[Allthepies]

I suggest govt to come up with opt in or out cpf for those who started working:

1) u can opt out of cpf. U r on your own. Employer no need to pay u 16% (employers laughing all the way to bank) and u keep your 20%. U will not have anything in your cpf account including medisave because u never deduct money 20% for cpf. You die your own business.

2) u can opt in cpf, u get 16% from employer and 2.5% interest rate for ordinary and 4% for special account but u need to follow whatever the govt implement, this includes retirement age and minimum sum.

to protect good, honest, disciplined citizens who knows how to save for the future, we cannot allow opting out from the CPF scheme...

There are significant portion of the citizens who maximised enjoyment and have little or 0 savings for rainy days or retirement. These large group of citizens need force savings to protect not only themselves but those who are savers and future generations of singaporeans.

[minority]

I know many >10 uncles know are frequent KTV goers. How long they can continue before the exhaust their $$$? well its a matter of time. when ask why spend so much on this vices? answer cannot afford when young. now can why not. will die anyway.

I also have a friend whos father who dont have a job go buy a car coz his so call friend promise him some bogus business venture. and as a boss he must have a car. After get car liao then struggle to pay.

I also have 1 is son drain all his $ coz son have more GF then he can afford rake up lots of credit card bills then go ask father and mother help. Both parents are retirees end up the mother have to come out to work again as coffee aunty to put food on the table plus look after the son kids coz the daughter inlaw run away.


Another like gamble from gamble on boat to genting to 4D to casino. even force to sign exclusion he still can find way to gamble. from landed gamble until left HDB. No income ask kids for $ to gamble.


countless example I have seen from personal relative to friends.

To add I have another uncle who is in a dead end business who do not know how to exit. and refuse to exit. Keep pouring and borrowing $ to put into a lost venture. I am counting down when the business will go bell up. If not for CPF he would be in worst state if his business go belly up. coz creditors cannot touch his CPF from his working days.

[Allthepies]

u can put ur CPF money to good use as your downpayment for your first investment property.

CPF money is really a stepping stone for lower middle class to move up the value chain.

we used our CPF money for the downpayment for our first condo instead of HDB as u need more cash outlay to buy HDB. CPF money, discipline, delayed gratification and judgement help us to make our first small pot of gold.

make best use of what is available is the skill that every human possess but not commonly employed...this differentiate the "have" and the "have not", the happy and the unhappy, the positive and the negative...

[Yuki]

I know many >10 uncles know are frequent KTV goers. How long they can continue before the exhaust their $$$? well its a matter of time. when ask why spend so much on this vices? answer cannot afford when young. now can why not. will die anyway.

I also have a friend whos father who dont have a job go buy a car coz his so call friend promise him some bogus business venture. and as a boss he must have a car. After get car liao then struggle to pay.

I also have 1 is son drain all his $ coz son have more GF then he can afford rake up lots of credit card bills then go ask father and mother help. Both parents are retirees end up the mother have to come out to work again as coffee aunty to put food on the table plus look after the son kids coz the daughter inlaw run away.


Another like gamble from gamble on boat to genting to 4D to casino. even force to sign exclusion he still can find way to gamble. from landed gamble until left HDB. No income ask kids for $ to gamble.


countless example I have seen from personal relative to friends.

Yes me too.

See too many to relate.

Not only men. Women too...buying spree...shopping gambling like no tomorrow.

[Yuki]

u can put ur CPF money to good use as your downpayment for your first investment property.

CPF money is really a stepping stone for lower middle class to move up the value chain.

we used our CPF money for the downpayment for our first condo instead of HDB as u need more cash outlay to buy HDB. CPF money, discipline, delayed gratification and judgement help us to make our first small pot of gold.

make best use of what is available is the skill that every human possess but not commonly employed...this differentiate the "have" and the "have not", the happy and the unhappy, the positive and the negative...

Agree with you.

[Yuki]

to protect good, honest, disciplined citizens who knows how to save for the future, we cannot allow opting out from the CPF scheme...

There are significant portion of the citizens who maximised enjoyment and have little or 0 savings for rainy days or retirement. These large group of citizens need force savings to protect not only themselves but those who are savers and future generations of singaporeans.

If these people don't take care of themselves.. We will indirectly have to support these people perhaps through higher tax etc.

There is a lot of people who regardless whether earning 20k per month 10k per month any income range is not financial ly savvy or prudent... Uni or pri school educated.

Cpf is a sort of safety net.

I feel strongly in this issues coz see too many cases how they literally spend everything in 2 years.