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Thread: Too old to worK till 65?

  1. #101

    Default Re: Too old to worK till 65?

    live inside Cryogenics chamber, when reach 67 years, can wake up & go to CPF bldg at Robinson Rd
    MAKE YOUR MAGIC BEHIND THE CAMERA, NOT IN PHOTOSHOP

  2. #102
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    Default Re: Too old to worK till 65?

    is CPF really our money ?

    more and more new rules seems to appear and money is getting harder and harder to take out.


  3. #103

    Default Re: Too old to worK till 65?

    Quote Originally Posted by dkw View Post
    There is a lot of on the ground unhappiness, I could not agree more. Part of it is their political tactics, which can be petty and vindictive. The other is the ministers' pay. I do think they should be well paid, but the latest round of increase certainly made me do a double-take. Still, its sad because it distracts from a lot of good policy-making. In my heart of hearts, this CPF/retirement thing I believe to be the right step, unpopular though it may be, and therefore a brave one and a demonstration of courage. In my younger days I truly disliked the xxx, but now with issues of globalisation hitting us, I'm glad we have a really fine team who understand what it takes to run a country. Connecting with the ground, that's another story.........
    that is what is causing lots of unhappiness on the ground. Whatever facts and figures. An unpopular GST increase which leads to a chain effect of prices going up, a claim that the GST increase is to help the poor while at the same time we have a minister refusing to increase welfare for the poor saying it erodes work ethics, and then the final straw the ministers demanding their pay be increased. Its a chain effect, one thing leads to another and the public is left thinkng the GST increase is solely to increase the minister's pay, after all what else can it be for if after collecting the GST, it is not channeled ot the needy on the pretext, too much money for them is no good. This is just an theory and rumours but the party is not helping to dispel it, instead their actions is only helping to built it up till it becomes a fact false or true,the damage is done.

    Sometimes I wonder if our ministers are ever listening to us..... or they just think we are just to be ignored...

  4. #104
    vince123123
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    Default Re: Too old to worK till 65?

    And now need to use our own money to help ourselves in old age - I wonder where all that help the needy funds went.

    Quote Originally Posted by centuryegg View Post
    that is what is causing lots of unhappiness on the ground. Whatever facts and figures. An unpopular GST increase which leads to a chain effect of prices going up, a claim that the GST increase is to help the poor while at the same time we have a minister refusing to increase welfare for the poor saying it erodes work ethics, and then the final straw the ministers demanding their pay be increased. Its a chain effect, one thing leads to another and the public is left thinkng the GST increase is solely to increase the minister's pay, after all what else can it be for if after collecting the GST, it is not channeled ot the needy on the pretext, too much money for them is no good. This is just an theory and rumours but the party is not helping to dispel it, instead their actions is only helping to built it up till it becomes a fact false or true,the damage is done.

    Sometimes I wonder if our ministers are ever listening to us..... or they just think we are just to be ignored...

  5. #105
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    Default Re: Too old to worK till 65?

    I suspect the govt is trying to cover their backside. Imagine, for one has been working for life until the age of 55. In their CPF at least they have over S$100k or more.
    If all starting to get out that amount of money, I wonder the govt or the CPF can handle it?
    Temasek Holding have been doing the investment, where all the money come from?
    Our own CPF money but it belongs to who?

    Quote Originally Posted by raincool2005 View Post
    is CPF really our money ?

    more and more new rules seems to appear and money is getting harder and harder to take out.


  6. #106
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    Default Re: Too old to worK till 65?

    Quote Originally Posted by ghost77 View Post
    I suspect the govt is trying to cover their backside. Imagine, for one has been working for life until the age of 55. In their CPF at least they have over S$100k or more.
    If all starting to get out that amount of money, I wonder the govt or the CPF can handle it?
    Temasek Holding have been doing the investment, where all the money come from?
    Our own CPF money but it belongs to who?
    This CPF thing is like a kind of "national service", ie. the govt make use of your pension money to invest to build up the reserves and pay you a token 2.5% interest. If let's say we have the unlikely scenario where all Singaporeans suddenly give up their citizenship and demand to withdraw their CPF at the same time, they won't be able to give you the money back, because like the social security system in the US, all this money is tied up in long term investments. Problem now (and future) is more and more old people and less young people. The system works properly if one old guy draw out and a young fella enter the workforce to fill back the gap, but if more people draw out than fill the gaps, then got problem liao. I think this might be part of the reason for the plan for grow the population another 2mil, more CPF, more taxes, etc.

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    Default Re: Too old to worK till 65?

    Quote Originally Posted by arpinkor View Post
    This CPF thing is like a kind of "national service", ie. the govt make use of your pension money to invest to build up the reserves and pay you a token 2.5% interest. If let's say we have the unlikely scenario where all Singaporeans suddenly give up their citizenship and demand to withdraw their CPF at the same time, they won't be able to give you the money back, because like the social security system in the US, all this money is tied up in long term investments. Problem now (and future) is more and more old people and less young people. The system works properly if one old guy draw out and a young fella enter the workforce to fill back the gap, but if more people draw out than fill the gaps, then got problem liao. I think this might be part of the reason for the plan for grow the population another 2mil, more CPF, more taxes, etc.
    For this i agree..but have they did their part on keeping cost down for the population to grow??

    Now is like..i put money wif bank, and bank promise to pay a small interest for depositing wif them..then bank use this accumulated deposit to lend to investors and ask for a higher interest in return..now investors business fails..can't pay back to bank..and u ask bank back for ur deposit..they do not have monies for u.. i might as well put the monies at home..even if i splurge, its my problem..but splurging is not a bad thing after all..at least the economy will keep moving..better than "some" who spend minimum for living and remit rest back home..
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  8. #108
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    Default Re: Too old to worK till 65?

    Quote Originally Posted by ghost77 View Post
    I suspect the govt is trying to cover their backside. Imagine, for one has been working for life until the age of 55. In their CPF at least they have over S$100k or more.
    If all starting to get out that amount of money, I wonder the govt or the CPF can handle it?
    Temasek Holding have been doing the investment, where all the money come from?
    Our own CPF money but it belongs to who?
    See the maths i did yesterday..$40billion awaiting to be withdraw..increasing annually..show us the money!!
    Last edited by blazer_workz; 23rd August 2007 at 10:30 AM.
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  9. #109
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    Default Re: Too old to worK till 65?

    Quote Originally Posted by vince123123 View Post
    And now need to use our own money to help ourselves in old age - I wonder where all that help the needy funds went.
    Err..we should indeed use our own money and manage our own money wisely..
    In life, be it young man or old man, we have to be independent..

    But there are some who are really needys..the society must help this group of ppl..not the gov. help..gov. are policy makers and they belong to the society oso..
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  10. #110
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    Default Re: Too old to worK till 65?

    Quote Originally Posted by cybertron View Post
    live inside Cryogenics chamber, when reach 67 years, can wake up & go to CPF bldg at Robinson Rd
    i had rather smoke more to ensure i dun live pass 70..so i have a few years of retirement..
    hey wait..i contributing more to the economy too..i paid more tax..
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  11. #111
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    Default Re: Too old to worK till 65?

    Quote Originally Posted by dkw View Post
    My goodness, you didn't even read the link, did you?
    wat link?? i unedlicated ppl..dun noe how to read..

    Quote Originally Posted by blazer_workz View Post
    lol..u must be joking..orchard road? how many are Singaporeans? go to the heartlands where all the Singaporeans are..kopishop, hawker centres, wet markets..8-9 out of 10 are complaining hardly can survive in Singapore..other countries? and which country?

    Riduculous? lol apple compare wif orange? or apple compare wif pineapples? so wat's next? apple compare wif durains? Mine are not research..no need funds one..just a touch of humanity..

    I never say numbers are concocted.. Its like playing 4D u noe? 24 permutation..there will be a combination to strike 1st prize..
    maybe u dun understand?

    1) i asking u to go more to the neighbourhood estates. of course not estates like punggol and tampines..the old estates..

    2) they ("gov") always have different sets of samples for comparison..if u compare living standard wif Switzerland..then how do u compare urself with the welfare for elderlys in Switzerland? Many other cases which i dun like to mention.

    3) Maths..haha..
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  12. #112
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    Default Re: Too old to worK till 65?

    just a side note.. imagine youre 54 this year, thinking to get your money out next year. now have to wait another 13 years
    爱是要时间慢慢培养的。。

  13. #113
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    Default Re: Too old to worK till 65?

    Quote Originally Posted by blazer_workz View Post
    See the maths i did yesterday..$40billion awaiting to be withdraw..increasing annually..show us the money!!
    part went to baby bonus? they dun care old farts, they funding the new gen.

  14. #114
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    Default Re: Too old to worK till 65?

    Quote Originally Posted by sORe-EyEz View Post
    part went to baby bonus? they dun care old farts, they funding the new gen.
    haha..u think so? but will refrain from OT..we talk abt CPF here..
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  15. #115

    Default Re: Too old to worK till 65?

    Quote Originally Posted by sORe-EyEz View Post
    part went to baby bonus? they dun care old farts, they funding the new gen.
    Exactly, the country can't last long with such policy. Why?

    The young people of today contributing to the country will get old one day, so "young & old" is actually two side of a coin. If the policy only want to support the young and neglect the old, it is the same as wanting only one side of the coin. Isn't this stupidity?

    When young people see their future as old people, do you think they will feel a sense of belonging here? The government only want those who can contribute, those who no longer can contribute are forgotten; It's not their business anyway.

    How long can a country prosper in such a manner?

  16. #116
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    Default Re: Too old to worK till 65?

    Quote Originally Posted by johnlim View Post
    Exactly, the country can't last long with such policy. Why?

    The young people of today contributing to the country will get old one day, so "young & old" is actually two side of a coin. If the policy only want to support the young and neglect the old, it is the same as wanting only one side of the coin. Isn't this stupidity?

    When young people see their future as old people, do you think they will feel a sense of belonging here? The government only want those who can contribute, those who no longer can contribute are forgotten; It's not their business anyway.

    How long can a country prosper in such a manner?

    So you work hard during your most productive years and save up and then when you hit 35 or there about, you take off for greener pasture oversea. As all the countries globalised into one huge melting pot, as our govt and others already say years ago...country borders are a thing of the past and its becoming more apparent as time goes by. So what is there to stop me from working oversea and keeping my money oversea while holding a Singapore passport. What I earn oversea if I don't bring back will not get tax. And if things work out for me over there, I will give up my passport here. So money don't ever come back here. Who gets harm more we or the govt? I think neither. The ones who will are those not able to venture oversea, problem getting advance in their careers or too old to do so. Those are the one I am worried about. And why not? They could be your son, daugther, cousin, uncle..etc.

  17. #117
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    Default Re: Too old to worK till 65?

    Quote Originally Posted by ghost77 View Post
    I suspect the govt is trying to cover their backside. Imagine, for one has been working for life until the age of 55. In their CPF at least they have over S$100k or more.
    If all starting to get out that amount of money, I wonder the govt or the CPF can handle it?
    Temasek Holding have been doing the investment, where all the money come from?
    Our own CPF money but it belongs to who?
    Does temasek holding reveal anyting to singaporeans?
    陳綺貞 2010 [夏季練習曲] 巡迴演唱會 Cheer Concert 13 Nov 2010 MAX Pavilion@Singapore Expo

  18. #118
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    Default Re: Too old to worK till 65?

    Does anyone see any tranparency in it?
    Let's say if they use our people CPF to do the investment. Do you think we should have the right to know what is going on all the time?

    You know there is one advertisement, the father hired a coach to teach the son how to play tennis and the son is very bad in it but the father only want to see and hear what he wanted to see and hear? Even the coach trying hard to explain to him that his son is very bad. This is what happening in the News and the media. They (govt) want us to see what they (govt) want us to see and hear what they (govt) want us to hear.


    Quote Originally Posted by Static View Post
    Does temasek holding reveal anyting to singaporeans?
    Last edited by ghost77; 23rd August 2007 at 01:32 PM.

  19. #119

    Default Re: Too old to worK till 65?

    Quote Originally Posted by Static View Post
    Does temasek holding reveal anyting to singaporeans?
    reveal? haha.

    Our late elected beloved President, Mr Ong Teng Cheong , whom I admire greatly, took his job seriously and did exactly just that, ie look after the reserves and asked questions. But was he able to carry out his job? It was not lack of capability on his part. Can we all recall what happened when he had to call for a Press Conference to address the Citizens of Singapore some years back or do we have short memories?

  20. #120
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    Default Re: Too old to worK till 65?

    That's how our present President gets to stay on for another second time. No question from him.

    Quote Originally Posted by deckard View Post
    reveal? haha.

    Our late elected beloved President, Mr Ong Teng Cheong , whom I admire greatly, took his job seriously and did exactly just that, ie look after the reserves and asked questions. But was he able to carry out his job? It was not lack of capability on his part. Can we all recall what happened when he had to call for a Press Conference to address the Citizens of Singapore some years back or do we have short memories?

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