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It seems to be saying they will get monthly pay out of $350 if they have $350 or more on Jan of the year..
Shouldnt it be if you have more than $350 in your account we will have you $350vmonthly or lower if you have less than $350 jn your account.
What's significance of mount in CPF in Jan. Shouldn't ot be based on what ever is available at the time month instalment is distributed?
How is any one expected to understand this letter?
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I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
(This post was last modified: 09-07-2023, 04:50 PM by
sgbuffett.)
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(09-07-2023, 04:43 PM)sgbuffett Wrote: It seems to be saying they will get monthly pay out of $350 if they have $350 or more on Jan of the year.
How old is your mom leh?
How much did she get leh?
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So if no balance and no accrued interest of more than 350 dollar no payout? Then why the govt sing song until like they are giving out free money to those not having any money to draw upon? Lol
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my parents do received this letter,
yup is monthly deduct from your CPF account till zero aka you take back your money but in limited amount so call 350 monthly till your CPF amount empty.
My parents told me perhaps a lot withdraw put in bank due to high interests so CPF like " LPPL " just let people withdraw.
actually put it SIMPLE , CPF now automatic Force you withdraw.
My parents never opt in monthly withdraw in fact now CPF automatic make it.
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They increase the monthly payout nowadays citing to help out the rising cost of living which was actually caused by their inconsiderate hiked in GST, electricity, water, rental, etc. With the increment in payout, your parents account will be depleted faster. It doesn't mean the increment is subsidise by them.
Thinking is difficult, that's why most people judge
Carl Jung
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(09-07-2023, 04:43 PM)sgbuffett Wrote: It seems to be saying they will get monthly pay out of $350 if they have $350 or more on Jan of the year..
Shouldnt it be if you have more than $350 in your account we will have you $350vmonthly or lower if you have less than $350 jn your account.
What's significance of mount in CPF in Jan. Shouldn't ot be based on what ever is available at the time month instalment is distributed?
How is any one expected to understand this letter?
Your mother is under cpf life or just ordinary RA payout?
Answer not a fool according to his folly, lest you also be like him" (Proverbs 26:4)
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(09-07-2023, 05:42 PM)Lukongsimi Wrote: Your mother is under cpf life or just ordinary RA payout?
CPF life where got can take one one.
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(09-07-2023, 05:50 PM)[[ForeverAlone]] Wrote: CPF life where got can take one one.
How come cannot take?
Answer not a fool according to his folly, lest you also be like him" (Proverbs 26:4)
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