
tot is ask "CPF"?Originally posted by J-reeee:Dun ask me... ask OCBC...![]()
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Originally posted by FireIce:tot is ask "CPF"?
or rather....jit tao go ask PAP
The ERS was given to Singaporeans to help them tide over the GST increase. However, the way in which one qualifies for the shares is somewhat puzzling.
One has first to put $50 into one's CPF account before one can lay one's hands on the ERS, not an easy task for some Singaporeans.
However, it is those who are unable to meet this 'minimal' requirement who might need the ERS more.
It was not until the press shed light on the problem did I realise how severe it was.
Much time and energy have been expended by grassroots leaders all over Singapore who went knocking on the doors of the less informed.
Member of Parliament Yeo Cheow Tong was reported to have donated $50 to a young couple who could not afford to top up. But there were many others whom our good MP could not help.
People who were not Internet-savvy or familiar with ATMs had to queue up for hours to top up their CPF account.
All these are a terrible waste of human resources. So, what is the rationale for the requirement to top up $50? Would it be the same if it was a $1 top-up? Then, for that matter, why do we need to top up at all?
LIM WAH FONG

____________________________________________________Originally posted by laser51088:The idea of getting people to put $50 in first is to ensure that the accounts that are recieving the ERS are still active and owned by living people, many CPF accounts that are not active exist and it would be a waste of money for the gov't to top up such accounts as well.