Not the same excuse again.
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MOM rejected NTUC's suggestion to increase the salary limit for cpf contribution from $500 to $1000.
the reason for the rejection is the same.
they are concerned that many will not have enough in their cpf to buy flats or pay for medical fees.
can they come up with something better? -
extracted from CNA website.
Find other solutions that help make work pay better but don't sacrifice workers' CPF savings, says the Manpower Minister.
Dr Ng Eng Hen was responding to a proposal by the labour movement to exempt low-wage workers from CPF contributions.
It's among a list of ideas submitted by the National Trades Union Congress (NTUC) to the Ministerial Committee on Low-Wage Workers.
Dr Ng said the committee, which he chairs, shares the NTUC's aim of raising workers' take-home salary.
But exempting those earning less than $1,000 from CPF contributions would sacrifice the workers' long-term aspirations for home ownership, Medisave and retirement income.
Besides, the government is not always able to help top up these workers' CPF savings, especially in years of budget deficits.
Dr Ng was speaking to reporters after the launch of the 6th Singapore Learning Festival on Thursday. - CNA/ir -
All I can see, is that our government is so so afraid of having to take care of so many potential old and sick citizens in future, if a majority don't have sufficient CPF savings. But hey, heck, even with sufficient CPF how much difference would it make if medical costs keeps escalating?
Right now, it is clear to our government that there are likely going to be more old and sickly citizens in Singapore than young ones due to the lack of babies. But WHY, didn't they foresee such a situation during better days???
Why wait till now to start "fire-fighting"?
And how the HELL is $300 per month of retirement fund going to help if one has some major ailment????
WTF.... -
i dont understand the govt's rational too.
with a salary of $500-$1000 one can hardly manage to survive. who cares about retirement nest egg or medical bills in the future when he cant even survive this month.
on top of that how much is the cpf? hardly makes a difference if you consider the time value of money and inflation. -
Government manages by hypes, assumptions and presumptuousness. Scholars who know no personal suffering only know of grand plans, showcase and glory.Originally posted by dragg:i dont understand the govt's rational too.
with a salary of $500-$1000 one can hardly manage to survive. who cares about retirement nest egg or medical bills in the future when he cant even survive this month.
on top of that how much is the cpf? hardly makes a difference if you consider the time value of money and inflation.
To them, more saving means less problems in the future but forgot the present. Giving more jobs to foreigners mean more jobs for the locals. More business to the government GLCs and more surpluses mean more future reserves to ward off recessions.
They forgot because their own stomachs were always full that of the poor without the present there is no future. They forgot that more cpf means no more present and without present there will be no retirement nest eggs.
When the government plans come true, that is the day too the retirees collapse in the last breaths of hunger of the present unable to enjoy the first bite of nest eggs any? -
I feel that addressing the problem of the low income has been long overdue. Considering the prolong recession, I feel that this has been the case of too little, too late.
In particular, I am concern that......
the recession has be going on for so long and it is only now that the govt is seriously taking a proactive and concerted effort to address this issue . I can't help but wonder if this is an pre-election sweetener.
shock to see from TV that if jobs are not recovered from cleaning, landscaping etc for the locals and if the situation persists, the unemploy rate may go up to as high as 10% in the future.
issues of cutting CPF and accreditation of adult workers. I would no belittle the help these schemes may bring. But I hope the govt would understand that each worker's situation is unique and it won't do a one-size-fit-all solution. For a worker above 65, having CPF cut will do him more good than sending him for accreditation. Conversely, for a younger worker - accreditation will benefit him more over the long run than CPF cut. -
Like I have said. These elites will only take care of themselves first. Taking care of the poors.....wait long long lah.....wayang only. More and more homeless people are on the streets now. If you were to walk on your feet more often, you see them. There's one old lady on predestrain over bridge at Aljunied road which I see her everyday. I wonder how singapore so called...world class or first world come about that claimed by our sg government.Originally posted by pat33:I feel that addressing the problem of the low income has been long overdue. Considering the prolong recession, I feel that this has been the case of too little, too late.
In particular, I am concern that......
the recession has be going on for so long and it is only now that the govt is seriously taking a proactive and concerted effort to address this issue . I can't help but wonder if this is an pre-election sweetener.
shock to see from TV that if jobs are not recovered from cleaning, landscaping etc for the locals and if the situation persists, the unemploy rate may go up to as high as 10% in the future.
issues of cutting CPF and accreditation of adult workers. I would no belittle the help these schemes may bring. But I hope the govt would understand that each worker's situation is unique and it won't do a one-size-fit-all solution. For a worker above 65, having CPF cut will do him more good than sending him for accreditation. Conversely, for a younger worker - accreditation will benefit him more over the long run than CPF cut.
freaking gov -
They expect low cost startup businesses whose bosses wants to avoid the hassle of CPF to employ staff at slightly below 1000 , thus raising the income of the lower educated, Or part-timers.
Thats because they didn't know how to juggle certain welfare and benefits from making some publicly profitable shareholdings inject funds into the people's welfare.
Many profitable gambling organisations could well have funds channelled into the poorer community which needed some form of help or another. -
they just dont care.Originally posted by OH-FF:They expect low cost startup businesses whose bosses wants to avoid the hassle of CPF to employ staff at slightly below 1000 , thus raising the income of the lower educated, Or part-timers.
Thats because they didn't know how to juggle certain welfare and benefits from making some publicly profitable shareholdings inject funds into the people's welfare.
Many profitable gambling organisations could well have funds channelled into the poorer community which needed some form of help or another.
singapore pools alone generated 4 billion in winnings. what about turf club? where did the money end up? reserves? temasek holdings?
these money could have been used to help the poor but do they even care?
everytime suggestions are made to help the poor the excuse is always the same. the govt cant afford to have people depending on them.
kns. -
Why are we wasting our virtual breath here?
You think they'd bother with what we say in here?
We all have to face it; Singapore, is not a place for the old and average income. Worst off, if you are old and poor.
God bless you be.... -
On top of all these very profitable gambling businesses , We have NKF shows , cancer donations shows, president charity shows all out to ask for donations via the mobile SMS so easily available.Originally posted by dragg:they just dont care.
singapore pools alone generated 4 billion in winnings. what about turf club? where did the money end up? reserves? temasek holdings?
these money could have been used to help the poor but do they even care?
everytime suggestions are made to help the poor the excuse is always the same. the govt cant afford to have people depending on them.
kns.
Sometimes you wonder where did all these money they made end up ? Back into investing in businesses in Singapore ? Or in a palace somewhere they are building outside Singapore? -
i dont understand why they refuse to fork out money to help the needy, aged and poor. their concept is always dont depend on handouts, welfare and no free lunch.
what is the purpose of temasek and its investment arms? why make so much money if it is not for the country and its citizen? what difference does it make if we have US100 billion or US1 trillion in reserves? -
Haa hahahaaa...
Maybe, they save up reserves for future war! -
Yet they paid themselves millions, in years of budget deficits.Originally posted by dragg:extracted from CNA website.
Besides, the government is not always able to help top up these workers' CPF savings, especially in years of budget deficits.
Genius!! -
their salary is never included when they make comparisonsOriginally posted by SnowFlag:Yet they paid themselves millions, in years of budget deficits. Genius!! -
When policies went wrong the effect on the whole population can be disasterous.Originally posted by pat33:I feel that addressing the problem of the low income has been long overdue. Considering the prolong recession, I feel that this has been the case of too little, too late.
In particular, I am concern that......
the recession has be going on for so long and it is only now that the govt is seriously taking a proactive and concerted effort to address this issue . I can't help but wonder if this is an pre-election sweetener.
shock to see from TV that if jobs are not recovered from cleaning, landscaping etc for the locals and if the situation persists, the unemploy rate may go up to as high as 10% in the future.
issues of cutting CPF and accreditation of adult workers. I would no belittle the help these schemes may bring. But I hope the govt would understand that each worker's situation is unique and it won't do a one-size-fit-all solution. For a worker above 65, having CPF cut will do him more good than sending him for accreditation. Conversely, for a younger worker - accreditation will benefit him more over the long run than CPF cut.
Take the case of workers' training, the emphasis in the past was placed on equipping them with skills they do not need in actual works like commercial accounting courses when workers are not doing accounts, computers softwares or prescribed vocational skills like car repairs or what have you when workers are not in these kinds of works.
Just go to NTUC workers' training courses and pick up copies of training course application forms to see what I mean.
Many workers will only be able to improve and upgrade when they are being trained to do better on what they are doing at works. A cleaner should be trained to focus on better cleaning and not go and get all the certifications for works not related to his immediate job or works.
It is time for WDA to realize that training courses must stay relevant and fccused so that workers will not be at a loss how to apply his training to actual works. If there is no relevance, then many cleaners will become confused and some may want to become the multi-tasking coffee shop assistants when such jobs for multi-tasksing are limited anyway. Go and train the workers to do better on their existing jobs and there will be more profitable companies to pay workers higher salaries and make their own internal upgrading or multi-tasking from there.
Do not try to play on hypes and assumptions. SPRING has spent a lot of tax payers' monies in millions in the last 20 years on look-good training that make very little difference to economic competitiveness or creating more jobs. MOM will be foolish to lwaste time with such general training and stop listening to craps again. -
it is actually not just jobs and low salary.
the living cost is the biggest culprit.
the govt is doing little or in fact nothing to control it. -
govt always tell us most people can make it...
I always wonder who are the most people they are talking about... -
Life is so comfortable for them bec of their salaries they don't look outside of their private little world to see how the cost of living is affecting the people they're supposed to be taking care of. Of course, now that elections are probably nearing, just as they did with the promises of upgrading, they're using their sudden concern over the low income issue to "distract" the voters from their unhappiness with the current govt.Originally posted by dragg:it is actually not just jobs and low salary.
the living cost is the biggest culprit.
the govt is doing little or in fact nothing to control it.
Sadly, knowing many Singaporeans, it's probably going to work again. -
Holistic education is needed to nurture the young today to think critically and not be hoodwinked by spin.
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What the government really means is that they cannot afford to have less people contributing to CPF, because this will mean less money for the government to spend on investments and whatnot. CPF benefits the government more than the people.Originally posted by dragg:MOM rejected NTUC's suggestion to increase the salary limit for cpf contribution from $500 to $1000.
the reason for the rejection is the same.
they are concerned that many will not have enough in their cpf to buy flats or pay for medical fees.
can they come up with something better? -
That will be their own families and friends/cronies running all the various GLCs lah.Originally posted by mistyblue:govt always tell us most people can make it...
I always wonder who are the most people they are talking about...
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true.Originally posted by av98m:What the government really means is that they cannot afford to have less people contributing to CPF, because this will mean less money for the government to spend on investments and whatnot. CPF benefits the government more than the people.
the govt is worried about deficit. as if they have deficit every year. -
Are you people willing to pay higher taxes for welfare?
Even more people will complain and migrate if they have to pay high taxes for welfare.
You may be able to migrate, but what about the poor and less educated? -
what has this got to do with higher taxes?Originally posted by Salman:Are you people willing to pay higher taxes for welfare?
Even more people will complain and migrate if they have to pay high taxes for welfare.