CPF did not fulfilled basic obligations to maximise returns for future retirement - Printable Version
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CPF did not fulfilled basic obligations to maximise returns for future retirement - Scythian - 05-09-2022
CPF did not fulfilled it's basic obligations to maximise returns for future retirements
CPF management is playing monkeys.
RE: CPF did not fulfilled basic objective to maximise returns 4future retirement - Scythian - 05-09-2022
Manpower Minister Josephine Teo told Parliament..
"Of those who received payouts, 74% had monthly payouts under $500. The average monthly payouts differs greatly across the generations; the average monthly payout for CPF members aged 65 to 69 is more than double that of members aged 80 to 87.
Breakdown of members receiving RSS and/or CPF LIFE payouts1 (Dec 2018)
Age band
No. of members
Average monthly payout
65-69
116,000
$450
70-79
130,000
$290
80-87
19,000
$220"
https://www.mom.gov.sg/newsroom/parliament-questions-and-replies/2019/0218-written-answer-by-mrs-josephine-teo-minister-for-manpower-to-parliamentary-question-on-cpf-payouts#:~:text=Of%20those%20who,%C2%A0%24220
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Sticw - 06-09-2022
CPF has always been a cheap source of funding for govt lah. They then take the risk and gamble via swf. Earn money pay bonus, lose money up min sum, retirement age, HDB prices, invalid nominees, print money etc etc. Give to another country another govt if they can do it they will all do so .. USA got 401, almost every country also have something similar lah...
This world is owned by the rich, everyone else is just there to keep things going for the rich..
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - talky - 06-09-2022
(06-09-2022, 02:09 PM)Sticw Wrote: CPF has always been a cheap source of funding for govt lah. They then take the risk and gamble via swf. Earn money pay bonus, lose money up min sum, retirement age, HDB prices, invalid nominees, print money etc etc. Give to another country another govt if they can do it they will all do so .. USA got 401, almost every country also have something similar lah...
This world is owned by the rich, everyone else is just there to keep things going for the rich..
none of what u say in not what everyone detest.
in pte sectors these invesment mgr who made such huge lose are asked to go
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - [[ForeverAlone]] - 06-09-2022
no rah a lot still feel like " millionaire " already max up their SA.
I only can say " SO easy " like that Govt going to bankrupt
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - babygirl - 06-09-2022
(06-09-2022, 02:09 PM)Sticw Wrote: CPF has always been a cheap source of funding for govt lah. They then take the risk and gamble via swf. Earn money pay bonus, lose money up min sum, retirement age, HDB prices, invalid nominees, print money etc etc. Give to another country another govt if they can do it they will all do so .. USA got 401, almost every country also have something similar lah...
This world is owned by the rich, everyone else is just there to keep things going for the rich..
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Ola - 06-09-2022
The idiotic moron Fart King and Shoot Blank Queen
should be burnt alive for 10 hours
![[Image: JT-Half-cannot-meet-min-CPF-sum.png]](https://i.ibb.co/64NPwjS/JT-Half-cannot-meet-min-CPF-sum.png)
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - [[ForeverAlone]] - 06-09-2022
(06-09-2022, 06:07 PM)Ola Wrote: The idiotic moron Fart King and Shoot Blank Queen
should be burnt alive for 10 hours
(06-09-2022, 06:12 PM)FartSunKing Wrote: Thank you PAP for increasing my CPF by $129,874.69 last year
No bullshit hor, see proof below
![[Image: Z5x8lHd.png?1]](https://i.imgur.com/Z5x8lHd.png?1)
keep showing just PAPER WORK THERE YOU CAN WITHDRAW OUT OR NOT FIRST?
LOL NO wonder that Ex Minister Lim say " SEE MY CPF FEEL SO RICH " is quite TRUE, YOU SEE ONLY CANNOT TOUCH
BUT He is different as Minister now happy retire RICH.
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Ola - 06-09-2022
Idiotic Shoot Blank Queen
make people under- employed and Unemployed
How to have enough CPF for retirement?
She is a Curse to SG. Sack JoTeo, lah!
CPF, cash not enough for comfortable retirement | The Straits Times
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Scythian - 06-09-2022
.
Be realistic, there is no such thing as lifetime employments
Economy boom and bust
"a situation in which a period of great prosperity or rapid economic growth is abruptly followed by one of economic decline"
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Ola - 06-09-2022
![[Image: JT-Half-CPF-members-cannot-meet-min-sum.png]](https://i.ibb.co/k5j1Kmc/JT-Half-CPF-members-cannot-meet-min-sum.png)
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Ola - 06-09-2022
Overseas, there is a minimum retirement sum
I think $1700 per mth so sthg
But how come idiotic moron like JoTeo
never have this min. sum for retirement?
Sack her, lah.
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Scythian - 06-09-2022
(06-09-2022, 06:44 PM)Ola Wrote: Overseas, there is a minimum retirement sum
I think $1700 per mth so sthg
But how come idiotic moron like JoTeo
never have this min. sum for retirement?
Sack her, lah.
"People also ask
Are pensioners getting a pay rise 2022?
Latest Age Pension rates (from 20 September 2022)
From 20 September 2022 the maximum full Age Pension increases $38.90 per fortnight for a single person, and $29.40 per person per fortnight for a couple."
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Ola - 06-09-2022
From Straits Times-
The announcements in the Rally also did not deal with the major issue of protecting CPF Life retirement income from inflation. CPF Life is a national annuity scheme available to CPF members when they turn 55, which promises a monthly payout of about $1,200 from age 65 for life, for those who meet the current Minimum Sum in cash.
A monthly payment of $1,200 would be barely enough to offer households even subsistence level retirement living. Hence the urgent need to keep CPF Life income inflation-adjusted so that real purchasing power is maintained.
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Scythian - 06-09-2022
IN 2018, JoTeo says 460,000 pensioners age 65 and above collecting average CPF payout of $350.00 a month.
Crazy lah
As reported, 1% Singapore population owns 34% of Singapore total national wealth
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Ola - 06-09-2022
PAP failed to manage the whole CPF
when it is their job as Ministers
So they had to force elderly in Buy Back HDB Scheme
to top up the CPF that failed
HDB | Lease Buyback Scheme
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Ola - 06-09-2022
(06-09-2022, 06:13 PM)[[ForeverAlone]] Wrote:
YOU CAN WITHDRAW OUT OR NOT FIRST?
LOL NO wonder that Ex Minister Lim say " SEE MY CPF FEEL SO RICH " is quite TRUE, YOU SEE ONLY CANNOT TOUCH
BUT He is different as Minister now happy retire RICH.
Fart King has ZERO IQ
cannot discuss anything
so he often just cut & paste like a idiotic dimwit
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Scythian - 06-09-2022
Simple basic log calculation:
In Australia, Pension funds average ROI 9.20% takes 7.8 years to Double your money.
In Singapore, CPF Savings @ 2.5% pa will take 28.8 years to Double your money.
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - babygirl - 06-09-2022
(06-09-2022, 06:26 PM)Ola Wrote: siao- lang Jac always talk about himself only
Singapore is only made of siao- lang from Malaysia?
He don't know this is SGTALK?
He better meet an accident tomorrow and die
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Scythian - 06-09-2022
2018, CPF Savings was bigger than GIC and Temasek AuM, yet investments returns was the lowest in comparison to 2 SWFs.
"Ho Ching claims investment returns by GIC, MAS, and Temasek are the “single largest contributor to SG budget” more than income tax or GST"
https://theindependent.sg/ho-ching-claims-investment-returns-by-gic-mas-and-temasek-are-the-single-largest-contributor-to-sg-budget-more-than-income-tax-or-gst/#:~:text=Ho%20Ching%20claims%20investment%20returns%20by%20GIC%2C%20MAS%2C%20and%20Temasek%20are%20the%20%E2%80%9Csingle%20largest%20contributor%20to%20SG%20budget%E2%80%9D%20more%20than%20income%20tax%20or%20GST
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Scythian - 07-09-2022
(06-09-2022, 06:42 PM)Ola Wrote:
Both MOM and CPF are wasting our time
RE: CPF did not fulfilled basic obligations to maximise returns for future retirement - Scythian - 07-09-2022
"Although CPF Savings was much larger than GIC and Temasek, they provided CPF members Savings the lowest priority and least return.
Among the three, CPF members only received the least insignificant token."
RE: CPF did not fulfilled basic obligations to maximise returns for future retirement - Scythian - 07-09-2022
.
There's no room for CPF Board of Directors and management to keep pretending any further.
They have done a disservice to us and our hard earned savings, and a lousy job for past 65 years.
RE: CPF did not fulfilled basic obligations to maximise returns for future retirement - talky - 07-09-2022
(07-09-2022, 07:49 AM)Scythian Wrote: .for this disservice pap does not want to compare w other countries
There's no room for CPF Board of Directors and management to keep pretending any further.
They have done a disservice to us and our hard earned savings, and a lousy job for past 65 years.
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - Ola - 07-09-2022
(06-09-2022, 09:16 PM)Scythian Wrote: "Ho Ching claims investment returns by GIC, MAS, and Temasek are the “single largest contributor to SG budget” more than income tax or GST"
So what? Since we do not benefit from it
PAP is merely using to generate more money but money gone where?
Even FWs levy $1404,000,000 per year also money gone into hiding
RE: CPF did not fulfilled basic obligations to maximise returns for future retirement - winbig - 07-09-2022
(05-09-2022, 09:20 PM)Scythian Wrote: CPF did not fulfilled it's basic obligations to maximise returns for future retirements
CPF management is playing monkeys.
U have CPF meh?
RE: CPF did not fulfilled basic objective to maximise returns for future retirement - talky - 07-09-2022
(07-09-2022, 09:36 AM)Ola Wrote: So what? Since we do not benefit from it
PAP is merely using to generate more money but money gone where?
Even FWs levy $1404,000,000 per year also money gone into hiding
1.4 BILLION ?
RE: CPF did not fulfilled basic obligations to maximise returns for future retirement - Scythian - 07-09-2022
(07-09-2022, 12:22 PM)winbig Wrote: U have CPF meh?
Yes
RE: CPF did not fulfilled basic obligations to maximise returns for future retirement - talky - 07-09-2022
(07-09-2022, 01:20 PM)Scythian Wrote: Yes
over 5 yrs
5x1.4 =7b !!!!
means 7,000 million!!!!!!
RE: CPF did not fulfilled basic obligations to maximise returns for future retirement - winbig - 07-09-2022
(07-09-2022, 01:20 PM)Scythian Wrote: Yes
Renounce your Sg citizenship and take them out lah.