tag:blogger.com,1999:blog-4950101483476071934.post6948612405241237371..comments2024-01-25T21:40:29.232+08:00Comments on Siew Kum Hong: Use CPF only as a cushion for retirementUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4950101483476071934.post-54999084762599353452007-08-30T23:17:00.000+08:002007-08-30T23:17:00.000+08:00To kaffein: I can't answer most of your questions,...To <B>kaffein</B>: I can't answer most of your questions, since they are either rhetorical or matters for the Government to explain. You've mentioned "your MPs" -- so I trust that you've raised these questions to your elected representative.TPG-iTechttps://www.blogger.com/profile/09509459045445405985noreply@blogger.comtag:blogger.com,1999:blog-4950101483476071934.post-63549990684432646232007-08-30T13:56:00.000+08:002007-08-30T13:56:00.000+08:00Hi there,Please help me understand or clarify some...Hi there,<BR/>Please help me understand or clarify some thoughts I have.<BR/><BR/>Isn't raising the GST meant to help to poor and aged, as a reason claimed by the ruling party during a parliamentary debate? So why now annuity?<BR/><BR/>With all the calculations going, how many actually live till 85 years old? With the small sum of $200-$300 per month, will it be sufficient for me when I retire in 20 - 30 years time? Who can tell me?<BR/><BR/>If it doesn't work, why can't I use it to invest elsewhere?<BR/><BR/>The CPF was meant to help the common citizen in retirement. And many citizens had to convert their pensions to CPF. What happened? Why wasn't this looked into much earlier? There were many good valid points raised by a couple opposition figures in the past which talked about the plight of the CPF savings. That was at least 15 years ago. Why wasn't this debated and addressed publicly?<BR/><BR/>And CPF is the common man's money. Shouldn't this be left to the people to decide how they would want their CPF to be handled? Why aren't there options, alternatives? Does the ruling party keep using one rule policy for all?<BR/><BR/>I felt as if it was a stop-gap measure to ensure the aging population doesn't start taking their monies out. As if the very act will collapse the whole CPF and investments we have. I hope to see better communication in:<BR/><BR/>1. Like educating people in investment to make their money stretch.<BR/>2. Providing alternatives and options for people to make their own choice based on their savings.<BR/>3. Compulsory-control issues which the ruling party is so fond of using. This should be debated strongly and my MPs (NMPs included) should be raising my concerns. I have watched the Australian parliament between Federal and Labour parties. I was greatly impressed with the intense debate and the well-thought out points. I sat glued to the screen. I cannot say that when I was in Singapore.<BR/>4. Policies that are well thought out. Policies that not only address the current issues but also provide a hope to the common folks. Eg how many can actually survive till 85?<BR/><BR/>There are lot of other thoughts which I felt the debates were very lacking. Although we are a developed, 1st world country, the policies are still top-down driven.<BR/><BR/>I believe many Singaporeans are disappointed with this new policy. As akin to previous policies, it will be implemented.Liquidfuelhttps://www.blogger.com/profile/15103464049669227595noreply@blogger.com