Re: Want to know where your CPF are going to?

On Sep 24, 12:05 pm, fifo...@xxxxxxxxxxxxxx wrote:
http://freedom-for-man.blogspot.com/2007/09/cpf-lies.html

Anonymous said...

Hi Kenneth,

Quote from ST, 20 Sept 2007:

"To a question by opposition MP Low Thia Khiang (Hougang) on whether
the Government of Singapore Investment Corporation (GIC) uses funds
from the CPF funds to invest, Dr Ng said: "The answer is no."

"Later he rose to add: "The relationship is not so simple".

I could not believe my ears and eyes! Far as I'm concerned, it's a
STUPID EVIL LIE!

I watched a video of parliament and I saw hen denigrating a nation by
mocking his own and other MP's, violating and belittling the
intelligence of Singaporeans, insulting uncles like me for being too
dumb to handle our finances, saying, "having a fling here, having a
fling there". I cannot believe that an overpaid manpower servant that
we pay with our taxes thinks so lowly of his fellow citizens! A case
of "kurang ajar" or, in the hokien dialect which is pretty popular in
parliament now, "kiam kah"!

If I remember well, when I started work as a teenager in 1968, I was
told by my boss that 25% of my pay will go to CPF. He will contribute
25%. My boss said, "That's law, don't worry. Government guarantees
you'll get it all back when you retire at 55".

On reaching my retirement goal/age of 55, I was shocked that they have
moved the goalposts many times since I started work at 1968. My money
wasn't my money anymore. Yes, there's Special, Medisave & Retirement
Account - SMRA - "You can't touch these!" A hip hop/rap song?

To be fair, I received my yearly CPF statements of the changes, but
who reads? I did not.

8 years ago I had a heart attack and ventricular fibrillation. I was
jobless for 7 years. Lately, I was suspected of having other health
challenges and in the past months, I had my share of visiting
polyclinics and hospital.

Poor rich! I'm rich enough to have more than $28,000 sitting in my
Medisave Account BUT I cannot use it for tests, treatments and
medicines in hospitals and polyclinics. Yes, my bills from Changi
General Hospital and Polyclinics had to be paid in cash from my
pocket. Oh, they tell me I can only use it if I spend more by visiting
the hospital again for an artery ballooning/stent or a by-pass
procedure. Or maybe another heart attack and ventricular fibrillation
caused by the agony and heartache of "My Money Sits in CPF but Cannot
Use For Staying Alive!" ; "They Use my $$$, Make A Profit, Don't Pay
Back, Then Say I Stupid" & "Not Enough, Want Some More, Force Annuity
On My Children!"

Since nobody wants to employ a sick geezer with a heart condition and
other challenges, I am fortunate that a kind soul, having faith, love
and trust in me, offered me a sum of money to start a little business
last year. I registered a sole proprietorship in ACRA to start the
little biz. Another heartache - I was informed that I could not
register because I owed CPF Medisave which I did not pay when I was
self-employed previously. Unless I pay up, I could not register my
little business.

Imagine, I was broke and I still had to top up my Medisave (already
loaded with >$28,000) if I wanted a license to make myself productive
again. Simple: No Top Up, No License. This is what I know as Uniquely
Singapore First World Standard of Whatever!

Another irony: After 7 years of joblessness (due to my health
challenges) without paying tax, I made good enough to pay tax again
for year ending 2006. I've done my part as a citizen, I even did NS in
the army from 1969 to 1971. "Fend for myself"? I have. I pledge myself
as part of "a united people regardless of race language or religion to
build a democratic society based on justice and equality so as to
achieve happiness, prosperity & progress for our nation". As a simple
heartlander, I've done my tiny part. No worries, I may just jump in
front of moving MRT before I bother my busy hardworking government
with any problem.

Question: What has the Government done for me? Zilch. . . and please
don't do anything. Whenever you do something for the good of the
people, you cause me more pain than gain! Eg: PUB increase, 7% GST,
Bus fares increase, etc. Just don't hurt my family further by forcing
my children to pay for annuity which is another scam to leech from
innocent citizens!

On second thought, you may want to upgrade my HDB flat with a "Go-And-
Die-Chute" so that sick and old people like me who have outlived our
usefulness to the regime can self-destruct by jumping into it. Health
Mintster may like this idea as he wants me to die at home so that I
will not be a bother or a burden to his money making hospitals.

Based on the video, Mintsters just give us plenty of sarcasm and zero
empathy. Just hen talking ***! Another wayang, another day's work to
justify obscene million dollar pay! The more they "strengthen the
CPF", the worse our lives become. To "CPF - Pow chiak, pow ho", I
wouldn't say, "Mee Siam Mai Hum" but I'd say, "Chui kong, lampar
song". Please, denigrate us no more and stop treating Singaporeans
like idiots! Let us live with dignity. Just because we are peace
loving citizens does not mean that you can walk all over us. Trying
your luck too far may just change a push to a shove. Yes, even
peaceful monks can turn into citizen activists. They are at it in
Myanmar!

Do what's honourable - Simply explain the difference in returns of
GIC, Temasek and my hard earned CPF. Come clean with transparency!

My problems may have been less if the returns in my CPF had been on
par or better than Malaysia's EPF. Maybe part of the interest that
could have been mine has ended up in the purchase of Manchester City
Football Club. Am I co-owner now?

Thanks Kenneth for igniting the fire of a sick and tired Singaporean
to write something on this disgraceful state of affairs

Sincerely,
Feed me to the Fish

Seriously Hen was lying in replying to it. The confidence on him is
eroded further by the PM in not answering to the questions asked as
why and where did the CPF went to and by whom in order to get the such
a low return on our hard earned money compulsorily saved and invested
by them for us.

If like this, why cant our money be given to fund managers who can
give return of 28% per annum. There are plenty in the USA which can
give this assurances of returns.

Already Stanford and Harvard and MIt got their fund managers to run
their staff endowment fund which give them between 28% and 36% net
returns on their invested money. If so, why is Govt so insisted to
invest for us when they cannot produce good return for it.

.