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10-03-2015, 01:10 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
From Singapore Democratic Party (SDP) Chee Soon Juan:
"The PAP says that it is afraid that retirees, having squandered their savings, will turn to the state for handouts. This is the reddest of red herrings. For more than half-a-century, the PAP hasn't bothered with how the poor elderly survived. Many end up have to work to feed themselves, collect cardboard for sale, or rummage through dumpsters.
But when they want to retain our savings, all of a sudden it is concerned about poor retirees depending on the government.
More important, do retirees have enough to survive on in the first place? Is the Minimum Sum Scheme a ploy to distract Singaporeans from the fact that most of their retirement savings have been siphoned off for housing and healthcare?
But the biggest issue with the scheme is that the Government continues to stonewall calls for it to be transparent with GIC and Temasek funds, which are widely believed to include our CPF reserves.
No one should support the retention of our savings when the Government refuses to tell the people how much CPF funds it manages, how much it loses or profits, and where these funds are invested.
The books must be opened so that the people can see how much there is in the CPF kitty without which we will never know if the Minimum Sum and the raising of the amount withheld are merely schemes to withhold the money in order to prop up depleted coffers."
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-xfp1/t31.0-8/11037367_10152803628009141_396019197749394068_o.jp g
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?202331-CPF-SDP-DR-Chee-Soon-Juan-****-THUMBS-UP*****&goto=newpost).
From Singapore Democratic Party (SDP) Chee Soon Juan:
"The PAP says that it is afraid that retirees, having squandered their savings, will turn to the state for handouts. This is the reddest of red herrings. For more than half-a-century, the PAP hasn't bothered with how the poor elderly survived. Many end up have to work to feed themselves, collect cardboard for sale, or rummage through dumpsters.
But when they want to retain our savings, all of a sudden it is concerned about poor retirees depending on the government.
More important, do retirees have enough to survive on in the first place? Is the Minimum Sum Scheme a ploy to distract Singaporeans from the fact that most of their retirement savings have been siphoned off for housing and healthcare?
But the biggest issue with the scheme is that the Government continues to stonewall calls for it to be transparent with GIC and Temasek funds, which are widely believed to include our CPF reserves.
No one should support the retention of our savings when the Government refuses to tell the people how much CPF funds it manages, how much it loses or profits, and where these funds are invested.
The books must be opened so that the people can see how much there is in the CPF kitty without which we will never know if the Minimum Sum and the raising of the amount withheld are merely schemes to withhold the money in order to prop up depleted coffers."
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-xfp1/t31.0-8/11037367_10152803628009141_396019197749394068_o.jp g
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?202331-CPF-SDP-DR-Chee-Soon-Juan-****-THUMBS-UP*****&goto=newpost).