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cpf is my money
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redbean



Joined: 07 Mar 2006
Posts: 14049
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.
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redbean



Joined: 07 Mar 2006
Posts: 14049
Location: singapore

PostPosted: Sat Jun 08, 2019 12:07 am    Post subject: Reply with quote

CPF Medishield Life Horror Show
Last GE, Minister of Health was going to give power to the govt to take money directly from your bank account if you fail to top up your Medishield Life. Many people think it is just for show and still voted PAP overwhelming. 4 years after the regulation made mandatory, it is going into enforcement.
We have many people telling social media how their money in the bank was deducted without consent and to find out they were deducted by CPF for Medishield Life. We also have another group saying CPF suka suka arrowed them to be the top up for their direct family members or distant relatives without their consent. And the arrangementauto mated without their consent too!

Posted by DuGu QiuBai in the TRE

Is the above true? How many of you have experienced your money in your bank account, not CPF account being deducted by CPF for MedishieldLife? I must agree that this is really frightening. When my Medisave Account is depleted, at the moment CPF is deducting from it to pay for my MedishieldLife, the first thing I would do is to withdraw every cent from my bank accounts and closed all of them. I cannot allow anyone, not the govt, to have free access to my bank accounts and take what they want and when they like it. This is robbery, taking my money without my consent if it is true. My money is no longer safe in the banks.

I really hope that this is fake news, cannot be true. The govt cannot suka suka legislate to take money from you, money you put into the bank and think it is safe. Horror!

What is happening in Singapore? The govt just legislate it as law and make buying of insurance compulsory and the citizens cannot object to it, must pay or become criminals! And the banks too cannot say no to protect the depositors? This type of thing can only happen when your life savings in your CPF is not your money. Matilah laughing in glee, told you so didn't I?
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