More 'Wisdom' from Lim Boon Heng
-
Read page3 of ST 28 june 2007.
Our 'wise' minister Lim Boon Heng told a man that a saving of $200K + CPF minimum sum payout is not enough for that man to live another 20yrs.
Lim Boon Heng said that ''Even if the man spent only $1K a month, he would need $240K over the next 20yrs. And that is before medical expenses are factored in. Would that be enough ?"
Ok..... Then how about I die defore the 20yrs is up
Or how about like this lah.... i sign contact with Govt, they give me my CPF in 0ne Lump Sum..... if i don't die before the 20yr is up.... kill myself lor.
Our dear Minister forgot a very important question......
With our low pay to remain 'competive'...... how the HELL will we get to have the minimum sum in the CPF at the 1st place. We as worker, simply don't earn enough to put the $$$ inside..... and lets be honest here, 10-15 years from now, wouldn't the minimum sums be rise again 
And yet we must have low pay to ''Remain Competive"....
Dante should have added.....
"All hope abando, ye who have enter here..... Your CPF is no more..... " -
you think he gives a damn?
seriously..
what he is saying is that you will have to work until they nail your coffin shut -
-
And the government can keep your money forever.Originally posted by the Bear:you think he gives a damn?
seriously..
what he is saying is that you will have to work until they nail your coffin shut
-
The truth is I don't mind having a chance or law to allow me to work pass retirement....... If i want or need to, i work lah. I have a few friends who already took their CPF but is still working at the company to 'pass time'.Originally posted by the Bear:you think he gives a damn?
seriously..
what he is saying is that you will have to work until they nail your coffin shut
What I'm PISS about is how the Govt expect us to reach the minimum sum when our pay has hardly rise for so long. When worker ask for a pay rise..... the best excuse is ''we must remain competivie"
So the MATH here is....
LOW PAY x X yrs = Not enough for minimum sum
HIGH PAY x X yrs = Enough for minimum sum but not competivie
So the concusion is..... NO CPF FOR U LOR....... -
Like benchmarking Ministers' salaries to the lucky private sector CEOs, it is wrong and not apple-to-apple comparison at all.
However through self-centred autocratic practices, the ministers have been able to use fallacious arguments to impose their interests on the ordinary citizens.
By constantly talking through the media it has created a hype making it look like if we do not pay them the lottery prizes we the citizens will be losing their services or getting corrupted ministers. But look at the whole picture of our standard of education, and the highly educated workforce and maturing population is this scenario true or faked that we will not have talented people to serve the country. Or is it a case of only limiting the pool of potential to a few and at the end conclude that we do not have talents. Who is the ultimate judge of this pool and what are the criteria adopted to determine people with the potential to serve. Is educational level the only criterion?
Nevertheless by years of brainwashing, it is like the ministerial salary benchmarking has now been accepted as truths and we will lose talents in finding political leaders or getting corruptions if we do not give in to their demands.
Truths eventually will prevail over fallacies so eventually when they try their luck again by benchmarking for another million pay increases for the ministers they got backfired with PM Lee having to concede wrongful benchmarking by donating his own salary increases to charity to save face.
Similarly for years it is all hypes talking about tripartism but do any workers really support tripartism. It was merely a ploy to give them a free hand to do as they like to manage with their own narrow agenda of getting a few MNCs and foreigners to set up shops here while neglecting the plight of workers or the local companies.
Without overwhelming support of the people and workers of tripartism it is only Lim Boon Heng who praised the tripartism policy. Owing to tripartism hypocrisy the workers lost out on all fronts - getting their CPF cut during deep recession and retirement age postponed to 55 and now likely to be 62.
So who are our talents who will really look into workers' and citizens' problems like dropping wages and postponed retirements and collections of their retirement nesteggs. It is sad that none of our million-dollar ministers are able to solve such problems at all despite writing their own pay cheques by another million. -
Guess they'll have to make another all expanses paid trip to see how other country systems are working out.. so much for their top talents..Originally posted by robertteh:Like benchmarking Ministers' salaries to the lucky private sector CEOs, it is wrong and not apple-to-apple comparison at all.
However being self-centred autocrats, the leaders went on to impose their will on the citizens by using media to present their benchmarking as if Singapore will lose the talents in finding political leaders.
Truths eventually will prevail over such hypocrisy or fallacies so eventually when they try their luck again by benchmarking for another million pay increases for the ministers they got backfired with PM Lee having to concede wrongful benchmarking by donating his own salary increases to charity to save face.
Similarly for years it is all hypes talking about tripartism but do any workers really support tripartism. It was merely a ploy to give them a free hand to do as they like to manage with their own narrow agenda of getting a few MNCs and foreigners to set up shops here while neglecting the plight of workers or the local companies.
Without overwhelming support of the people and workers of tripartism it is only Lim Boon Heng who praised the tripartism policy. Owing to tripartism hypocrisy the workers lost out on all fronts - getting their CPF cut during deep recession and retirement age postponed to 55 and now likely to be 62.
So who are our talents who will really look into workers' and citizens' problems like dropping wages and postponed retirements and collections of their retirement nesteggs. It is sad that none of our million-dollar ministers are able to solve such problems at all despite writing their own pay cheques by another million.
-
All these while, this CPF is just an ILLUSION... a SHAM
There's hardly any REALITY in it! It is basically Creative Accounting of sorts!
Look at Medisave, what hell good does it do? 30% upfront + 15% of medical costs, add $4 admin charges. What do you get in return for years of being forced to put aside your salary???
UTTER CRAP!!!! -
Lim boon heng has always been great at finding and identifying problems but clueless in finding solutions to problems.
Here, a suggestion for him. Pls seriously consider legalizing voluntary euthanasia as a possible solution. -
Originally posted by hloc:
1) CPF can actually be withdrawn even if it does not attain the minimum sum figure.
The truth is I don't mind having a chance or law to allow me to work pass retirement....... If i want or need to, i work lah. I have a few friends who already took their CPF but is still working at the company to 'pass time'.
What I'm PISS about is how the Govt expect us to reach the minimum sum when our pay has hardly rise for so long. When worker ask for a pay rise..... the best excuse is ''we must remain competivie"
So the MATH here is....
LOW PAY x X yrs = Not enough for minimum sum
HIGH PAY x X yrs = Enough for minimum sum but not competivie
So the concusion is..... [b]NO CPF FOR U LOR.......[/b]
http://mycpf.cpf.gov.sg/Members/Gen-Info/FAQ/Retirement/MinSum.htm
(Refer to "Commonly asked questions / CPF Withdrawal / Qn 1)
2) One may also pledge his/her property up to a sum of 50% so that more CPF money can be freed up.
(Same link as above / Qn 11)
The only issue I do not agree with is the raising of the retirement age.
Lim Boon Heng mentioned that it is to help employment rates for this age category. Today, he shot himself in the foot by saying that based on past records (of raising the retirement age), it does not help much.
Source: ST Pg 3 (the one you quoted)
How exactly does he want to help aging Singaporeans? -
Help them to die earlier. Pure evilness..Originally posted by Rock^Star:How exactly does he want to help aging Singaporeans?
-
Originally posted by bigmouthjoe:Help them to die earlier. Pure evilness..
See how happy he is. -
If you get $2-3 million in salary a year, you would be smiling like him too.Originally posted by Sagara:
See how happy he is. 
-
Then he'll ask you to donate all your organs first before you're allowed to go.....Originally posted by googoomuck:Here, a suggestion for him. Pls seriously consider legalizing voluntary euthanasia as a possible solution. -
Aiyo tell me seriously. Which minister in SG looks talented and capable, if there is any?
I say none.
-
When I'm old and sick and so broke, my dick cannot swing already. My organs are also about to expire soon. I'm almost obsolete. If they want, then take lor...Originally posted by pearlie27:Then he'll ask you to donate all your organs first before you're allowed to go.....
.....and knowing my money is 'safe' in the CPF( so, I'm not really broke yet but the keys to the CPF safe deposit box is not with me), what is there to live for? -
Seriously man.
With 200K in our savings account AND minimum CPF payout, its not enough for us to survive past 62(or is it now 65?).
How much do i have to scrimp and save in my prime and youth, just to TRY and survive when i'm old and feeble, and its time for me to retire?
One less piece of cake today, just to live one more day on bread and butter in the future?
Truly man, the economy is great now! The ministers are having pay rises! Yay! But wait.. how come private sector doesn't seem to be having a pay fest? Or at least the ones below. Strangely enough i don't think the pay for entry level or managerial level has increased noticibly in the past few years, but the prices for movie tickets, GST, and almost everything has increased.
If everything is increasing but our pay(which is of course inversely proportional to the minister's pay), how will we survive 5 or 10 years down the line? Much less thinking of retirement.
Maybe the people committing suicide actually thought of all these, and it scared them so much they literally died. Phew.
I'm thinking of leaving the country after i get some decent qualification. Hongkong maybe. Anyone with me? -
The decay has begun.
-
nanny is trying to think for you cause they think you haven't whin from milk yet.
-
i m with u!Originally posted by _Aaron_:Seriously man.
I'm thinking of leaving the country after i get some decent qualification. Hongkong maybe. Anyone with me?
but have to work first or else no $$ to leave this place. right?
unless u r rich. filthy rich. like the elites.
Lets not forget that, unlike sinkapore, other countries usually employ their own people first, instead of foreign talent. So after leaving sinkapore, there is a possibility that there will be no job for us in that country.
so not quite possible that we can leave singapore immediately after some decent qualification. -
Originally posted by hloc:
talk about earning, getting CPF, many still have problems getting jobs! So what is the gahmen doing to minimize unemployment, then we talk about CPF.
Read page3 of ST 28 june 2007.
Our 'wise' minister Lim Boon Heng told a man that a saving of $200K + CPF minimum sum payout is not enough for that man to live another 20yrs.
Lim Boon Heng said that ''Even if the man spent only $1K a month, he would need $240K over the next 20yrs. And that is before medical expenses are factored in. Would that be enough ?"
Ok..... Then how about I die defore the 20yrs is up Or how about like this lah.... i sign contact with Govt, they give me my CPF in 0ne Lump Sum..... if i don't die before the 20yr is up.... kill myself lor.
Our dear Minister forgot a very important question......
[b]With our low pay to remain 'competive'...... how the HELL will we get to have the minimum sum in the CPF at the 1st place. We as worker, simply don't earn enough to put the $$$ inside..... and lets be honest here, 10-15 years from now, wouldn't the minimum sums be rise again And yet we must have low pay to ''Remain Competive"....
Dante should have added.....
"All hope abando, ye who have enter here..... Your CPF is no more..... " [/b] -
Hmm... I always felt that he has a face that I would like to land a good knuckle sandwhich on...
.. a very punchable looking face... -
Originally posted by hloc:
Simple theory... if each man has 240K before 20yrs and about 10% of our popluation is that range ... so you have 400,000 CPF payer so total about another 96 million "cheated by the Govt"
Read page3 of ST 28 june 2007.
Our 'wise' minister Lim Boon Heng told a man that a saving of $200K + CPF minimum sum payout is not enough for that man to live another 20yrs.
Lim Boon Heng said that ''Even if the man spent only $1K a month, he would need $240K over the next 20yrs. And that is before medical expenses are factored in. Would that be enough ?"
Ok..... Then how about I die defore the 20yrs is up Or how about like this lah.... i sign contact with Govt, they give me my CPF in 0ne Lump Sum..... if i don't die before the 20yr is up.... kill myself lor.
Our dear Minister forgot a very important question......
[b]With our low pay to remain 'competive'...... how the HELL will we get to have the minimum sum in the CPF at the 1st place. We as worker, simply don't earn enough to put the $$$ inside..... and lets be honest here, 10-15 years from now, wouldn't the minimum sums be rise again And yet we must have low pay to ''Remain Competive"....
Dante should have added.....
"All hope abando, ye who have enter here..... Your CPF is no more..... " [/b] -
No doubt. But bleh, after getting a degree and working for a few months to get enough money to leave, i'm probably around 27.Originally posted by asdfzhao:i m with u!
but have to work first or else no $$ to leave this place. right?
unless u r rich. filthy rich. like the elites.
Lets not forget that, unlike sinkapore, other countries usually employ their own people first, instead of foreign talent. So after leaving sinkapore, there is a possibility that there will be no job for us in that country.
so not quite possible that we can leave singapore immediately after some decent qualification.
But i guess that's young enough. You never know whether they need you there unless you try.
At most you come back disappointed, but at best... -
Is there a possibility this latest ruling is to curb the no of local or PR who want to move to other countries n they gave up their citizenship or PR status?