Dead and still paying CPF for insurance premiums
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This is shocking news that over 200 Singaporeans, who are dead, continue to pay insurance premiums deducted from their CPF accounts !
Even more shocking is the fact that CPF can take up to TWO Years in processing - and even MISSING OUT - on the claims submitted by family members of the dead CPF account holder !
Surprisingly, the Auditor-General's Office did not pick this out in their audit of the CPF Board in 2003 and 2004 for the respective preceding accounting years, but reported this in their July 2005 Annual Report.
http://www.singapore-window.org/sw05/050719np.htm -
Death is no obstacle to the Pay And Pay government's revenue-generating machinery!
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Not surprise with our kind of freaking governor sys.Originally posted by Atobe:This is shocking news that over 200 Singaporeans, who are dead, continue to pay insurance premiums deducted from their CPF accounts !
Even more shocking is the fact that CPF can take up to TWO Years in processing - and even MISSING OUT - on the claims submitted by family members of the dead CPF account holder !
Surprisingly, the Auditor-General's Office did not pick this out in their audit of the CPF Board in 2003 and 2004 for the respective preceding accounting years, but reported this in their July 2005 Annual Report.
http://www.singapore-window.org/sw05/050719np.htm
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Allow me to explain why this is so.
It is very apparent, that our government's system is super efficient in collecting what's due to them, but phenomenally lagging when it comes to upadting their records; eg., such as checking if payouts are due when a person expires. Mainly, their interests is only to protect the integrity of their Policies. Not our interests and or needs. These comes last, and not without much testimonials and urgent requests.
They lamely claim that it is difficult to obtain info on the status of the deceased from family members. But if anyone defaults in payments, they could probably find that person even if he/she has flown to Africa.
Isn't this so? Super fluent in collecting, super slow in paying out.