Comments on: 3rd World Savings, 1st World Cost of Living http://theonlinecitizen.wordpress.com/2007/09/04/3rd-world-savings-1st-world-cost-of-living/ a community of singaporeans Thu, 17 Dec 2009 21:53:47 +0000 http://wordpress.com/ hourly 1 By: Seeking Salvation http://theonlinecitizen.wordpress.com/2007/09/04/3rd-world-savings-1st-world-cost-of-living/#comment-13071 Seeking Salvation Mon, 10 Sep 2007 14:39:51 +0000 http://theonlinecitizen.com/2007/09/04/3rd-world-savings-1st-world-cost-of-living/#comment-13071 does the cpf stands for canned people's fund or con people's fund or cheat people's fund if the purpose of the fund is to allow the people to leave the retirement with dignity they r paying pathetic interest viz a viz a comparison with acu deposit such as the australian dollar or nzd no doubt there a risk in rates exchange fluctuation I rather take the risk than having such board jerk me off with my money by giving a return way below the inflation rate. does the cpf stands for canned people’s fund or con people’s fund or cheat people’s fund if the purpose of the fund is to allow the people to leave the retirement with dignity they r paying pathetic interest viz a viz a comparison with acu deposit such as the australian dollar or nzd no doubt there a risk in rates exchange fluctuation I rather take the risk than having such board jerk me off with my money by giving a return way below the inflation rate.

]]> By: Kew Kah Fatt http://theonlinecitizen.wordpress.com/2007/09/04/3rd-world-savings-1st-world-cost-of-living/#comment-12664 Kew Kah Fatt Wed, 05 Sep 2007 06:54:41 +0000 http://theonlinecitizen.com/2007/09/04/3rd-world-savings-1st-world-cost-of-living/#comment-12664 CPF is sending letters to Workfare benefits holders getting them to top up medisave for WIS government top up. So poor Singaporeans got money on 1st May, now CPF want to get back some money, in order for medisave top up from the CPF. This is cash that the poor need badly. For those earning less than S$1000 without CPF contribution from employers or self employed, this is like sucking money from them. No doubt the extra medisave can be helpful in time of illness, but what most poor Singaporeans want is cash for daily expenses, not medisave which they cannot touch to feed themselves. If they do not participate in this scheme, next year they cannot have Workfare payment? This is blunder that government has no compassion for the poor. CPF is sending letters to Workfare benefits holders getting them to top up medisave for WIS government top up.
So poor Singaporeans got money on 1st May, now CPF want to get back some money, in order for medisave top up from the CPF. This is cash that the poor need badly.

For those earning less than S$1000 without CPF contribution from employers or self employed, this is like sucking money from them.
No doubt the extra medisave can be helpful in time of illness, but what most poor Singaporeans want is cash for daily expenses, not medisave which they cannot touch to feed themselves.

If they do not participate in this scheme, next year they cannot have Workfare payment?

This is blunder that government has no compassion for the poor.

]]> By: shoestring http://theonlinecitizen.wordpress.com/2007/09/04/3rd-world-savings-1st-world-cost-of-living/#comment-12619 shoestring Tue, 04 Sep 2007 16:29:49 +0000 http://theonlinecitizen.com/2007/09/04/3rd-world-savings-1st-world-cost-of-living/#comment-12619 How Do We Deal With The Ageing Population? – <a href="http://whatotherssay.wordpress.com/2007/08/27/to-inspir3d-message-no-1/#comment-9" rel="nofollow">A Singaporean Conundrum</a> How Do We Deal With The Ageing Population? – A Singaporean Conundrum

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