The greatest corruption happen because of word like ‘no choice’, ‘mo bian’,

And a final note
Power corrupts, Absolute Power corrupts absolutely.
Kudos to people living in Potong Pasir and Woodland.

it is a pyramid marketing game here. and that is one of the reasons why the pappies are readily granting prs so as to inject fresh funds. annality – ridiculously termed “longevity insurance” – is simply another way to prevent withdrawal.

i pity those who are blissfully ignorant of the cpf issues. they are in for a rude shock when the shit finally hits the fan.

“All the women should tell their husbands that the government’s CPF interest rate is now very high, better than the POSBank anytime so better take your money from your POSB (account) and put into my CPF account,” he quipped.

Hi,

This is serious, very serious! The PM is is so desperate that he’s into hard sell. Hello, accounts in POSBank can be withdrawn anytime. You deposit your money in CPF? Once it’s inside, good luck to you.

I think our CPF is pok kai(empty/bankrupt) now.

Read this Uncle’s CPF woes.

The clean version
http://www.littlespeck.com/informed/2006/CInformed-070922.htm

The original comment
http://freedom-for-man.blogspot.com/2007/09/cpf-lies.html

The musical
http://domtheclown.wordpress.com/2007/09/23/u-cant-touch-this/

So often we learn from main stream media that George Bush invaded Iraq to destroy WMD and bring democracy to Iraq. PAP raised GST to 7% to help the poor in Singapore. PAP Mintsters are coming out with Compulsory Annuity and Delayed Withdrawal of Minimum Sum in CPF to help retirees, especially retirees who are poor. Yes, ladies and gentlemen, pigs do fly, Chee Soon Juan is the secretary-general of PAP and my mother is the Queen of England!

God bless Singapore!

WTF

That is, know how to rip millions $$$$$$ from the public and get away without guilt and remorse.

A grassroot leader lamented that the Scheme would benefit the richer ones more than the poor as the latter are less likely to live past 85 years of age. The reason is because the poor would have liitle or no means for better diet, tonic, medical supplements and treatment and hospital care which will aid longetivity.

Without any hesitation, Dr Ng said that if the professionals agree, than the rich will have to pay higher premium and the poor lesser.

Liak Bo Kiew?
What good is a discount on premium payment for the poor if indeed they are rated actuarially to die ealrlier and even less likely to live past 85 to benfit from the payouts.

Also can wealth or the lack of it be actuarially correlated to longetivity. Wealth is subjective and a matter of degree. I stand corrected, but I don’t think this is a critieria by the insurance world. I have not seen that in insurance underwriting questionare forms But may the well paid and knowledgeable minister knows something we don’t

It is a laughing stock for the whole world, and I wonder why the world still believe Singapore system is world class. If they mean World Class Joker, I 100% agree. Our society cannot never separated from politics because gov control the society.

PM say CPF system is flawed ? Why they say it is flawed when they depleted CPF money for investment and now find way to seek money from public ? Why not do it early ?

This PM is a great joker ! Isn’t he the one who say that donation of his pay rise to charity is already considered before minister’s pay rise ? Only a moron will believe what the gov say.

The problem with most intellect is that they try to rationalise and perform academic analysis of what’s good and what’s bad of gov policy.

And all good intellect dies young as learn from history of China. Why ? Those good intellect die from broken heart and grief because ultimately their intelligent analysis are really nothing in the end. It only bring more grief to the people to know the truth.

1. PM announced the annuity scheme in his National Day Rally Speech.

2. Manpower Minister made ministerial statement in parliament about the scheme – changing the name from “Compulsory Annuity Scheme” to “Longevity Insurance Scheme”.

3. Manpower Minister says “CPF system is strong”.

4. PM says “CPF system flawed.”

5. PM says “CPF changes carefully considered.”

But the “carefully considered” changes have to be given to a newly-appointed committee to “study” – for 6 months!

It really makes you wonder who was or were the ones who did the “carefully considered” part.

They have increased the GST to help the poor, and it turned out the poor refers to multi-millions wealthy ministers.
No doubt, I won’t be surprised that the annuity which claim to help those over 85years are actually refering to those ministers !!!

It looks more like testing the ground on the people’s reactions and feedback so they can “sweeten the bitter poison” for human consumption