Worker wanted more cash instead of CPF
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I fully agree with the minister saying that low waged worker wishes to have more cash. I strongly agreed to this point.
I checked my old payslip..worker still paying 20% right, the employer is only 16%. Am I right or am I wrong about it. Anyone can correct me, appreciated.
Hence only by reducing the worker's CPF contribution then it will allow them to bring back more cash isn't it. Wouldn't it be better to have zero contribution for the worker so that they can bring all the cash back.
For the high wage officer, maybe can consider going back to 20% contribution since they don't need so much cash.
I studied no much..maybe I am wrong..
Please don't scold me..a pig -
workers want all cash and no cpf.
govt want all workers to pay cpf. -
So is the 16% employer and 20% employee still valid?
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election is over.
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Life still go on right? regardless of whatever event going on. This is a daily life concerned issue. Must ask clearly and get the answer clearly too.
At least you still alive after election, right.. Hence stay together and move on. Isn't it. I hope I am helping to solve instead of creating problem.. -
20% you pay out of whatever you make your whole life. You wind up with a 25 to 30 year home mortgage.Originally posted by king108: I fully agree with the minister saying that low waged worker wishes to have more cash. I strongly agreed to this point.
I checked my old payslip..worker still paying 20% right, the employer is only 16%. Am I right or am I wrong about it. Anyone can correct me, appreciated.
Hence only by reducing the worker's CPF contribution then it will allow them to bring back more cash isn't it. Wouldn't it be better to have zero contribution for the worker so that they can bring all the cash back.
For the high wage officer, maybe can consider going back to 20% contribution since they don't need so much cash.
I studied no much..maybe I am wrong.. Please don't scold me..a pig
How is there anything left when you retire??? Provided of course, that you don't get retrenched along the way and end up settling for a lesser paying job and don't fall ill before retirement age.
Most people towards 40 years of age, will have developed something for keeps already; diabetes, high blood pressure, high cholesterol, and what nought. HOW, is there any savings, and what much help is the CPF Retirement Fund anyway???
The government expects people to take care of themselves with this kind of system?? I see senselessness.
I have a friend who worked all her friggin' life, now at 59 and with diabetes & hypertension (high blood pressure), she was told to wait or let her condition worsen ( to the point where she is bed-ridden) before she approach CPF to use her Retirement Fund earlier for her monthly medications.
Our government BLIND or what?? -
it is very straightforward. you can do anything except depending on them and withdrawing your cpf before your time is up.Originally posted by ShutterBug:20% you pay out of whatever you make your whole life. You wind up with a 25 to 30 year home mortgage.
How is there anything left when you retire??? Provided of course, that you don't get retrenched along the way and end up settling for a lesser paying job and don't fall ill before retirement age.
Most people towards 40 years of age, will have developed something for keeps already; diabetes, high blood pressure, high cholesterol, and what nought. HOW, is there any savings, and what much help is the CPF Retirement Fund anyway???
The government expects people to take care of themselves with this kind of system?? I see senselessness.
I have a friend who worked all her friggin' life, now at 59 and with diabetes & hypertension (high blood pressure), she was told to wait or let her condition worsen ( to the point where she is bed-ridden) before she approach CPF to use her Retirement Fund earlier for her monthly medications.
Our government BLIND or what?? -
Don't scold our government lah..they are seeing it. Maybe I am too fortunate loh..because I am a pig mah..
I never come across so much problem that why I don't know about the medical issue mah. Medical must ask Health Minister, no Minister Lim.
For your friend sickness, take porridge instead of rice, take more vegetable and fish. Other then that, cannot tell unless I know her condition better. Meantime, appreciated to concentrate on this CPF issue, because I wanted to pay my singapore worker more cash to bring back home instead of going into CPF, if any chances. Which is why I am concerned. -
I think they better replace the Health Minister.Originally posted by king108: Don't scold our government lah..they are seeing it. Maybe I am too fortunate loh..because I am a pig mah..
I never come across so much problem that why I don't know about the medical issue mah. Medical must ask Health Minister, no Minister Lim.
For your friend sickness, take porridge instead of rice, take more vegetable and fish. Other then that, cannot tell unless I know her condition better. Meantime, appreciated to concentrate on this CPF issue, because I wanted to pay my singapore worker more cash to bring back home instead of going into CPF, if any chances. Which is why I am concerned.
The latest Medisave scheme - $300 per year (if not enough take your family member's one - *dumb* after that neighbor's one??) - pay for WHAT???
You go check how much the average cost of medicine for diabetes and hypertension. God damn stupid! not even enough to pay a freelance hooker for service!!
WTF! -
Originally posted by ShutterBug:I think they better replace the Health Minister.
The latest Medisave scheme - $300 per year (if not enough take your family member's one - *dumb* after that neighbor's one??) - pay for WHAT???
You go check how much the average cost of medicine for diabetes and hypertension. God damn stupid! not even enough to pay a freelance hooker for service!!
WTF! Don't say until like that this Health Minister is definitely a good man with good heart.
Give him some time to look into things, I think he definitely can solve all problems..else move to Sembawang, can see him every week. I think he will be delighted to hear real feedback.
I cannot see him because I am inside his terrority but no under his care..Anyway my families member too poor to have such illness..
Sorry, I don't have money to entertain hooker..because mine too small.. -
Originally posted by king108:Sorry, I don't have money to entertain hooker..because mine too small.. Anyway, if you got 1st World Standard Country type then I will be interested, Third world no standard.
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They ought to show their heartware - to be really concerned for people's health, jobs, livelihood not to prove that NKF is not their problem.
They created the problems of NKF, but they keep denying them. If fundamentals are not addressed but only tempered with some medishield and medicare, people will have to suffer big problems at the end of their retirement years.
By deducting my medishield premium from my CPF, they are reducing my retirement nesteggs and that is not what we want. They can reduce their costs by not charging double on lands the hospitals are standing on. Then medical costs will really and truly come down.
When government keep collecting $500,000 - $800,000 per household from big ticket items like housing and vehicle ownership, they are creating surpluses from taxes especially when they also corporatise all the services to enable them to charge higher fees and recover all costs.
Surely when people have been paying so much and building up their surpluses, the heartware surgeons among some of our best scholars can tell the heartware solution is to use say 20% of citizens' surplus amounting to $US150 billions as endowment funds to generate secured returns in AAA investments to lower our costs of housing, medical and essential services.
By doing the above-mentioned endowment, we will not end up as a welfare state. By investing in Souzhou, Bangalore and Shincorp, we stand a greater risk of losing our surpluses and will at the end cause more NKF problems. -
Haha you are adorable.
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I know NKF is very important..but I am only touching on small issue like CPF only. Please talk big big topic in a more important thread leh..
This thread cannot handle that kind of problem..This one only let the worker bring home an extra $360 per month. Just like the kid in the Mcdonald advertisement, maybe you swinging down, for them definitely be a up swinging. -
Bigger problems are not often solved but grossed over with some shields or defensive strategies to look good and clever.Originally posted by king108: I know NKF is very important..but I am only touching on small issue like CPF only. Please talk big big topic in a more important thread leh..
This thread cannot handle that kind of problem..This one only let the worker bring home an extra $360 per month. Just like the kid in the Mcdonald advertisement, maybe you swinging down, for them definitely be a up swinging.
So when the government keeps postponing bigger NKF types of problems and try to come up with look-good shields preferring to keep quiet over bigger cost problems, people may not be too happy to go along whatever their solutions as by supporting shields people miss the chance to solve bigger problems.
For this point you posted, it has to be done carefully as employers may be helped by another government measurs into shortchanging the workers as has happened during the whole recessions.
After recessions, ministers got back their salary cuts very fast but most workers today have not got back their CPF cuts.
So you see the government in proposing any higher cash take home pay from the CPF component of workers' pay may give employer another opportunity to shortchange the workers.
We cannot keep solving our economic problems by doing everything for employers. The employers have one hundred and one ways to reduce their costs and wages is only one portion of overall costs.
Many employers already have big power to terminate employees' service by contracts or witholding certain rights.
So don't keep passing laws or managing economy in one-sided manner. This time, if the government wants to give employees more take home pay from his CPF portion, government should make sure that this is done provided the gross pay is not reduced to benefit the employer again.
If government wants to help employers, it can help by lowering costs of doing business and not having so many pro-foreign investment policies and give them incentives to encourage employers to employ locals. -
to be more preciseOriginally posted by dragg:workers want all cash and no cpf.
govt want all workers to pay cpf.
older workers -
Originally posted by duotiga83:to be more precise older workers
Those home owner don't need money? Home owner can be only 40 years old..can they be considered old just for this purpose? -
i am referring to those ppl past the era of young adults......Originally posted by king108: Those home owner don't need money? Home owner can be only 40 years old..can they be considered old just for this purpose? -
http://www.cpf.gov.sg/cpf_info/goto.asp?page=Online/ContriRa.aspOriginally posted by king108: So is the 16% employer and 20% employee still valid?
20% employee contribution,13% employer contribution for 50 years old and below.
16% ? u wait long long...
btw,u mention 20% for high wage earner in employer contribution? so u mean employer shd contribute more cpf to high income earner? -
Looks like employer contribution took a permanent cut. No wonder it takes longer to pay off your flat nowadays.
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Sorry.I too long never work leh..don't know the "Hung Qing".. Thanks for giving me this information..Originally posted by ozon:http://www.cpf.gov.sg/cpf_info/goto.asp?page=Online/ContriRa.asp
20% employee contribution,13% employer contribution for 35 years old and below.
16% ? u wait long long...
btw,u mention 20% for high wage earner in employer contribution? so u mean employer shd contribute more cpf to high income earner?
So employee where got take back more cash..? I meant for low wage worker..in their case, it will make them more difficult to be employed when compared to even any Malaysian. (Malaysian, don't need to pay CPF right?)
I studied no much..is there a increase in bring home money? -
hmm....EVERYBODY wish to bring back more cash.
Isn't that minister speaking the obvious?
who likes their own money to be tied down by force? -
For all the statement given by most of the forumer, no one mentioned that there was an increase in bring home cash for the low waged worker leh..Originally posted by ozon:hmm....EVERYBODY wish to bring back more cash.
Isn't that minister speaking the obvious?
who likes their own money to be tied down by force?
Unless got hidden income which we don't know? cannot be right
Unless low wage worker pay less CPF or employee pay cash to them instead of CPF..else where is the extra money coming from?
Really cannot eat cannot sleep.. -
Maybe lower basic salary but higher allowances.Therefore,take home more cash?
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Originally posted by ozon:Maybe lower basic salary but higher allowances.Therefore,take home more cash? Got such thing one meh..I read my old pay slip..only got basic, monthly variable component, nothing else.
Basic more important..unless you telling me allowances is higher than basic?