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cpf is my money
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Joined: 07 Mar 2006
Posts: 14018
Location: singapore

PostPosted: Sat Mar 16, 2019 8:53 am    Post subject: Reply with quote

So how CPF?
In December, Mr Toh checked the total amount in his CPF account and found that he had $67,562.78 in the account.

The retiree revealed that he received a letter from CPF Board recently, informing him that the balance in his Retirement Account (RA) balance is S$646.86. The letter said that his last estimated payout will be in May 2019, since he receives a $250 payout monthly.

Mr Toh shared: “On 31/12/2018 my total amount across my CPF was S$67,562.78, which means CPF is keeping S$66,665.92 of my savings in my CPF money away from me for Ordinary Account (OA), Special Account (SA) and Medisave Account(MA).

“Why keep so much of life saving money saved in my CPF account away from a 70-year-old healthy senior citizen? Is my lifetime money reserved for OA, SA and MA account more important than my money for retirement expenses?”...

“In the event that Ian commits suicide, kills someone or is killed, I will hold all relevant persons and ministries accountable for failing to release my funds for his alternative medical treatments…”

This was the warning an unemployed mother of a mentally-ill son issued to the Central Provident Fund (CPF) Board recently, after the authority rejected her request to withdraw her CPF savings.
The mother, 55-year-old Carena Tan, had asked to withdraw S$70,000 from her Retirement Account to fund her family’s living expenses and treatment for her son, who apparently suffers from schizophrenia and bipolar disorder.

Noting that Ms Tan would not be able to set aside the full retirement sum of S$171,000 in her Retirement Account if she withdrew the S$70,000 she applied to withdraw, CPF Board rejected her request. It instead asked her to “re-consider approaching the Social Service Office @ Bukit Panjang for financial assistance.”

Both cases were reported in theindependent. These are the painful stories that are being kept from seeing the light in the main media. There are so many grouses and pains inflicted on the people when they are not allowed, by legislation, to enjoy their life savings that are supposed to be for their retirement. These two cases are just the tip of the iceberg. Many are suffering in silence and living in despair, hapless when the govt decided what to do with their money against their will.

The people affected are starting to curse the people that made them suffered for the want of their own money under all kinds of ridiculous excuses and changing the goal posts. To be daily and repeatedly curse by the people is not a good thing to live with. The evil doers would not believe that the curses would hurt them in any way and would continue to scheme against the people and their CPF savings.

Let them be, let them live with the curses of people adversely affected by their bad decisions. Let them live happily with their millions in their savings and assets.
what i posted is just my personal view. feel free to disagree.
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