Government may make buying annuity compulsory
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the plan does have it's potential merits, but it's sad when they also want to make plans compulsory, opt-out kinda schemes. You always wonder how much cut the govt gets doing such things.
Where is the choice in dealing with our own affairs? In dealing with our own personal finances?
It has indeed come to this pretty sorry state. -
There is another plan which I think is more suitable. I shall choose when and where to die. I shall be allowed to withdraw the CPF at 55 and spend it any which way I want until I am down to a couple of bucks. I shall then walk to any healthcare institution and opt to be sent to a better world.
ItÂ’s our money. No one shall tell us how to spend it. We have no obligation to live up to 100 years old. ItÂ’s the quality of life that matters, not longevity. Anyway, itÂ’s not that we can dictate how long we want to live. ItÂ’s destiny.
Everyone has to die someday but we must decide for ourselves when and how we choose to exit this cruel world.
Euthanasia is to be encouraged instead. It shall be government-sponsored since it’s an inexpensive plan. This is a better plan – I will definitely opt in. I want to die with dignity. I want to have the best of both worlds, on my terms
With this plan, the government need not bear the burden of taking care of my needs when I retire at 55.
Haiz, money money money moneyÂ… -
The daft Minister don't know the difference between an annuity and a perpetuity.Originally posted by Lin Yu:Said Mr Lim: "If you have a full minimum sum in CPF, when you withdraw the CPF, CPF will pay you $700 over a month. But it's for 20 years. At the end of 20 years, you'll have nothing to withdraw.
"If you buy an annuity, the insurance company will pay you less - $500 a month. But the insurance company will have to pay you for as long as you live. And if you live to 100 (years old), they'll have to continue paying you till you're 100. Therefore it's a lesser monthly sum but you're insured a little longer.
"We may have to make it compulsory for everyone, but I think for now, we should explain to people what annuities are and how people can benefit, to get people to understand it." -
..you know, he talks as if S$700 & S$500 decades down the road is a lot of money for a person to get by on a monthly basis with medical problems...Originally posted by maurizio13:The daft Minister don't know the difference between an annuity and a perpetuity.
... sad that they are never in touch with reality of what locals face...
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These problems don't affect them, how would they know.Originally posted by HyperFocal:..you know, he talks as if S$700 & S$500 decades down the road is a lot of money for a person to get by on a monthly basis with medical problems...
... sad that they are never in touch with reality of what locals face... -
That's the problem... wrong type of people for a government...Originally posted by maurizio13:These problems don't affect them, how would they know.
They have a very simplistic view of the issues locals face at the end of the day... and they think they're so farking smart coming up with ideas like this... -
At the end of the day, I don't think things will change too much, because of their control on the media.Originally posted by HyperFocal:That's the problem... wrong type of people for a government...
They have a very simplistic view of the issues locals face at the end of the day... and they think they're so farking smart coming up with ideas like this... -
there is no need for a lot of noise to be made..
in fact, all the citizen needs to do is to simply, humbly, quietly and resolutely tell the gabrament at the polls
and you can speak of your satisfaction, dissatisfaction, anger, joy.. whatever.. in that simple X
while in the meantime, instead of sitting and stewing, being angry, go take your 'representative' to task...
go to the 'meet the people sessions' and ask, not in an angry ranting tone like the idiot JBJ.. not in the nonsensical crap trying to be a martyr CSJ, but with decorum, with a quiet and resolute seriousness which the 'representative' cannot ignore or brush off..
you demand 'democracy'.. well, with the privileges of democracy, comes the responsibilities... show them that you are able... show them you are more than a lemming... and give them no choice..
do your homework..
goodness knows lau lee's son was reduced to talking rubbish when he was confronted by his own people in parliament with brute hard facts and with that quiet resolute way a bunch of old guards left.. i bet the bitter aftertaste still lingers behind that fake smile of his.. -
another "good" bitter pill shaft down our throat
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Op-out policy?Originally posted by LazerLordz:So what are they gonna do if I refuse to buy into their plan?
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singaporeans really deserve it!Originally posted by Manager433:Thank you 66.6
more good years! -
What are they gonna do?Originally posted by LazerLordz:So what are they gonna do if I refuse to buy into their plan?
Do you know what you will face if you don't crontibute Medisave as a self-employed?
Go to Court...
Yes... that's right, PAP's favorite tool of coersion.. Legal Procedures...
They say it is for your own good.. but I don't see any good from my ffamily friend's plight after he got Colon Cancer... won't be surprised if he turns to suicide...
That's why I'm getting out of this Hell Hole run by Demons..! -
Was this 'bill' passed already?
How cum never hear Opposition debating it?
Bill passed without a fight / debate?
Democracy , I wonder what is it about?
What wrong with this system? Anything wrong?
So, next time, what other 'bills' will be passed?
Singaporeans are really stinking rich.
can afford all these.
Singaporeans really well edicated. Can think on their own feet. Dun need spoonfeeding. Got future. Can compete with FT.
Wa, singaporeans so well edicated and proud of their IQ and edication cert.
This is why you deserve whatever you get.
Well done singaporeans!
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"Only TIME can set us FREE" --- my theme song -
This is actually a form or "reverse pension".
You save up for your pension, as apposed to payments from you company. Which invariably sucks the company for which you worked. As the firm would get a larger and larger number of ex-employees to pay for life. That is only if the employee survive being in the workforce till he is retired. When management can find excuses to fire pregnant workers, they also could do the same for workers reaching their pensions.
Also if the company goes bust, so does your pension.
This annuity scheme is portable, that is, it is there even if you job hop like a rabbit.
$500-$700? for life?
That is if you depend on the government scheme.
You want more, save more, buy a larger annuity product.
When the CPF scheme was first introduced, many balked at it. Now many are thankful for it. -
Thankful?Originally posted by mancha:This is actually a form or "reverse pension".
You save up for your pension, as apposed to payments from you company. Which invariably sucks the company for which you worked. As the firm would get a larger and larger number of ex-employees to pay for life. That is only if the employee survive being in the workforce till he is retired. When management can find excuses to fire pregnant workers, they also could do the same for workers reaching their pensions.
Also if the company goes bust, so does your pension.
This annuity scheme is portable, that is, it is there even if you job hop like a rabbit.
$500-$700? for life?
That is if you depend on the government scheme.
You want more, save more, buy a larger annuity product.
When the CPF scheme was first introduced, many balked at it. Now many are thankful for it.
How many? -
They know just that they are mean and choose to be heartless to ignore the fact. As long as they are serving their own purpose, getting filthy overpaid salaries, they don't need to care so much. With that filthy super high pay, they don't need to worry about annuity. That is why I say they are bloody cold blooded. We really don't need them anymore.Originally posted by HyperFocal:..you know, he talks as if S$700 & S$500 decades down the road is a lot of money for a person to get by on a monthly basis with medical problems...
... sad that they are never in touch with reality of what locals face...
So 66.6% voters, congratulations! It is because of your choice you have allowed them to create all sorts of nuisance to make us pay more and more. And you people, don't complain negatively about them, for you are responsible for your choice! -
I am sure they know they are losing support fast...Originally posted by qlqq9:They know just that they are mean and choose to be heartless to ignore the fact. As long as they are serving their own purpose, getting filthy overpaid salaries, they don't need to care so much. With that filthy super high pay, they don't need to worry about annuity. That is why I say they are bloody cold blooded. We really don't need them anymore.
So 66.6% voters, congratulations! It is because of your choice you have allowed them to create all sorts of nuisance to make us pay more and more. And you people, don't complain negatively about them, for you are responsible for your choice!
So.. I really won't be surprised if they eventually announce that they will do away with Elections and make themselves a Permanent Fixture...
... I believe they have the cheek and audacity to make such a move once they know they are likely to be voted out ...
So really no point staying on in SG... if you can move, move out pronto before their policies KILLS YOU... -
all the while he has been talking rubbish. Moreover, even if he talks sense he is not giving quality talk like other capable govt. The way he talks makes no difference at all, he talks like a lay man instead of someone who is an intelligent and capable PM.Originally posted by the Bear:there is no need for a lot of noise to be made..
in fact, all the citizen needs to do is to simply, humbly, quietly and resolutely tell the gabrament at the polls
and you can speak of your satisfaction, dissatisfaction, anger, joy.. whatever.. in that simple X
while in the meantime, instead of sitting and stewing, being angry, go take your 'representative' to task...
go to the 'meet the people sessions' and ask, not in an angry ranting tone like the idiot JBJ.. not in the nonsensical crap trying to be a martyr CSJ, but with decorum, with a quiet and resolute seriousness which the 'representative' cannot ignore or brush off..
you demand 'democracy'.. well, with the privileges of democracy, comes the responsibilities... show them that you are able... show them you are more than a lemming... and give them no choice..
do your homework..
goodness knows lau lee's son was reduced to talking rubbish when he was confronted by his own people in parliament with brute hard facts and with that quiet resolute way a bunch of old guards left.. i bet the bitter aftertaste still lingers behind that fake smile of his..
This annuity thing is from him. He is smart at this stage to let Lim Boon Heng do the talking. Lim Boon Heng is only assisting him in his office.
Hope when the good brothers go back end of 7th month, he will go along with them. His every existence serves no purpose to the people of Singapore, it only brings pain and sufferings to the people. Heaven could have taken his life when he was terminally ill with cancer, but heaven was kind to him, thus I don't see why he refuses to be kind to the people of Singapore. A good for nothing PM. Let's wait and see, karma to him! -
Easy!Originally posted by HyperFocal:Thankful?
How many?
Population - no. of unthankful = no. of thankful
Assess yourself how many of each. -
I believe that too. Since the election dept is under the PM's office, anything is possible. Really, getting more and more difficult to breathe these days! This PAP is very thick skin and highhanded to the core, anything to them is posssible, that is why NDP this year they said Singapore a city of possibilities!Originally posted by HyperFocal:I am sure they know they are losing support fast...
So.. I really won't be surprised if they eventually announce that they will do away with Elections and make themselves a Permanent Fixture...
... I believe they have the cheek and audacity to make such a move once they know they are likely to be voted out ...
So really no point staying on in SG... if you can move, move out pronto before their policies KILLS YOU... -
If you are going to leave here, who is going to help Singaporeans to vote them out?Originally posted by HyperFocal:What are they gonna do?
Do you know what you will face if you don't crontibute Medisave as a self-employed?
Go to Court...
Yes... that's right, PAP's favorite tool of coersion.. Legal Procedures...
They say it is for your own good.. but I don't see any good from my ffamily friend's plight after he got Colon Cancer... won't be surprised if he turns to suicide...
That's why I'm getting out of this Hell Hole run by Demons..! -
That's quite some cursing....Originally posted by qlqq9:all the while he has been talking rubbish. Moreover, even if he talks sense he is not giving quality talk like other capable govt. The way he talks makes no difference at all, he talks like a lay man instead of someone who is an intelligent and capable PM.
This annuity thing is from him. He is smart at this stage to let Lim Boon Heng do the talking. Lim Boon Heng is only assisting him in his office.
Hope when the good brothers go back end of 7th month, he will go along with them. His every existence serves no purpose to the people of Singapore, it only brings pain and sufferings to the people. Heaven could have taken his life when he was terminally ill with cancer, but heaven was kind to him, thus I don't see why he refuses to be kind to the people of Singapore. A good for nothing PM. Let's wait and see, karma to him!
But I'm afraid Heaven's timing does not serves our immediate need for vindication...
I must say that I'm in a way thankful to PAP for driving me out of SG... now at least I'm going out further afield to the world, to see more, learn more, earn more, live fuller, and never returning... -
Go get some figures, and drop the name-callings...Originally posted by mancha:Easy!
Population - no. of unthankful = no. of thankful
Assess yourself how many of each. -
If a lot of us leave, it will be the converted citizens who will eventually wake up and call their shots... good luck to them...Originally posted by (human):If you are going to leave here, who is going to help Singaporeans to vote them out?
foreigners are far more vocal than locals... -
I say its a crazy scheme because it doesnt consider if EVERY Singaporean needs an annuity. For those who have already done their planning, annuity actually erodes their returns.Originally posted by mancha:This is actually a form or "reverse pension".
You save up for your pension, as apposed to payments from you company. Which invariably sucks the company for which you worked. As the firm would get a larger and larger number of ex-employees to pay for life. That is only if the employee survive being in the workforce till he is retired. When management can find excuses to fire pregnant workers, they also could do the same for workers reaching their pensions.
Also if the company goes bust, so does your pension.
This annuity scheme is portable, that is, it is there even if you job hop like a rabbit.
$500-$700? for life?
That is if you depend on the government scheme.
You want more, save more, buy a larger annuity product.
When the CPF scheme was first introduced, many balked at it. Now many are thankful for it.
What about those who have already fully paid up their flat and are receiving rental from the flat? How would an annuity help them?
I am sure these people would be thankful to PAP in future for locking up their money when they already have enough.