This is 8th anniversary of CPF protests - do you remember? - Printable Version

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+--- Thread: This is 8th anniversary of CPF protests - do you remember? (/Thread-This-is-8th-anniversary-of-CPF-protests-do-you-remember)

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This is 8th anniversary of CPF protests - do you remember? - sgbuffett - 18-07-2022

Do you remember what triggered the biggest protest in Singapore?

Seems recent but the protests occurred in 2014. 8yrs ago. Some of the elderly who turned up proplbably passed away already...

But have the issues been resolved? Why were normally obedient Singaporeans so angry? ...



Time flies this was 8 yrs ago  The whole protest was triggered by a relatively minor event of increase in min sun to $155K.
At the same time CPF blogger Roy was sued for defamation.

The simple process of increasing min sum which had gone on for years unleashed a mountain of hidden resentment against the scheme.

This build up over a number of years starting with a shifting of withdrawal age from 55 to 60. Then implementing minimum sum below which cannot be taken taken out. Then in 2009, CPF Life. ...

For the poor folks they may have something like 50k locked up...such a sum is never enough for retirement anyway and they had expected to get it in full at 55 so they can take a short rest and maybe  get some relief for financial problems. The inability of touch this in full is big deal for them. Since the amount they have is not enough to fund retirement at all they prefer to get their hands on it.

It's like you put your money in fixed deposit and withdrawal date is 55. You anticipate it  then bank say now 60 then ...say you cannot get lump sum but in instalment.

I think for the rich CPF is just aside pocket. They don't even need to touch it for a good Life. They can leave it for children...many even top up for higher interest rate.

For the poor its quite different.

I was there at the protest and spoke to the folks there.
The elites are so rich now they cannot understand the anger on the ground.

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RE: This is 8th anniversary of CPF protests - do you remember? - Sharexchange - 18-07-2022

Get rich la... ask them to learn from you how to get rich. Once get rich pretend poor.

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RE: This is 8th anniversary of CPF protests - do you remember? - [[ForeverAlone]] - 18-07-2022

lol you post this? Thought you are Idol Mr Loo CPF fan?

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RE: This is 8th anniversary of CPF protests - do you remember? - Napoleon Porlumpar - 18-07-2022

(18-07-2022, 08:04 AM)sgbuffett Wrote:  Do you remember what triggered the biggest protest in Singapore?

Seems recent but the protests occurred in 2014. 8yrs ago. Some of the elderly who turned up proplbably passed away already...

But have the issues been resolved? Why were normally obedient Singaporeans so angry? ...



Time flies this was 8 yrs ago  The whole protest was triggered by a relatively minor event of increase in min sun to $155K.
At the same time CPF blogger Roy was sued for defamation.

The simple process of increasing min sum which had gone on for years unleashed a mountain of hidden resentment against the scheme.

This build up over a number of years starting with a shifting of withdrawal age from 55 to 60. Then implementing minimum sum below which cannot be taken taken out. Then in 2009, CPF Life. ...

For the poor folks they may have something like 50k locked up...such a sum is never enough for retirement anyway and they had expected to get it in full at 55 so they can take a short rest and maybe  get some relief for financial problems. The inability of touch this in full is big deal for them. Since the amount they have is not enough to fund retirement at all they prefer to get their hands on it.

It's like you put your money in fixed deposit and withdrawal date is 55. You anticipate it  then bank say now 60 then ...say you cannot get lump sum but in instalment.

I think for the rich CPF is just aside pocket. They don't even need to touch it for a good Life. They can leave it for children...many even top up for higher interest rate.

For the poor its quite different.

I was there at the protest and spoke to the folks there.
The elites are so rich now they cannot understand the anger on the ground.

Sinkies do what Sinkies do.......................which is to sleepwalk through elections..............and then complain no end after that.................then repeat...........

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RE: This is 8th anniversary of CPF protests - do you remember? - p1acebo - 18-07-2022

(18-07-2022, 08:04 AM)sgbuffett Wrote:  Do you remember what triggered the biggest protest in Singapore?

Seems recent but the protests occurred in 2014. 8yrs ago. Some of the elderly who turned up proplbably passed away already...

But have the issues been resolved? Why were normally obedient Singaporeans so angry? ...



Time flies this was 8 yrs ago  The whole protest was triggered by a relatively minor event of increase in min sun to $155K.
At the same time CPF blogger Roy was sued for defamation.

The simple process of increasing min sum which had gone on for years unleashed a mountain of hidden resentment against the scheme.

This build up over a number of years starting with a shifting of withdrawal age from 55 to 60. Then implementing minimum sum below which cannot be taken taken out. Then in 2009, CPF Life. ...

For the poor folks they may have something like 50k locked up...such a sum is never enough for retirement anyway and they had expected to get it in full at 55 so they can take a short rest and maybe  get some relief for financial problems. The inability of touch this in full is big deal for them. Since the amount they have is not enough to fund retirement at all they prefer to get their hands on it.

It's like you put your money in fixed deposit and withdrawal date is 55. You anticipate it  then bank say now 60 then ...say you cannot get lump sum but in instalment.

I think for the rich CPF is just aside pocket. They don't even need to touch it for a good Life. They can leave it for children...many even top up for higher interest rate.

For the poor its quite different.

I was there at the protest and spoke to the folks there.
The elites are so rich now they cannot understand the anger on the ground.

Unker sgbuffet, sorlee I too young to remember all this

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RE: This is 8th anniversary of CPF protests - do you remember? - Lukongsimi - 18-07-2022

So the issue solve yet after the massive protest?

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RE: This is 8th anniversary of CPF protests - do you remember? - RiseofAsia - 18-07-2022

Song Boh!
Now already locked song song by them…
They can suka suka change the rules as they deem necessary.

You still need to seek their permission to use your own $$$ if hit the limit set by them.

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RE: This is 8th anniversary of CPF protests - do you remember? - Ola - 18-07-2022

Wah phiang!

2014 till now still not solved

Current PAP really need 10 YEARS, arh?

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RE: This is 8th anniversary of CPF protests - do you remember? - p1acebo - 18-07-2022

Remember loony HHH? Got herself knocked up, quietly made use of HDB subsidies, maternity ward subsidies and countless what other subsidies while kpkb etc

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RE: This is 8th anniversary of CPF protests - do you remember? - Lukongsimi - 18-07-2022

(18-07-2022, 01:03 PM)p1acebo Wrote:  Remember loony HHH?  Got herself knocked up, quietly made use of HDB subsidies, maternity ward subsidies and countless what other subsidies while kpkb etc

Now no sound no pic?

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RE: This is 8th anniversary of CPF protests - do you remember? - p1acebo - 18-07-2022

(18-07-2022, 01:06 PM)Lukongsimi Wrote:  Now no sound no pic?

Seems like it.... at least for now

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