CPF is good!
Sunday, 12 October 2008, 11:29 am | 2,391 views
Every month, when I receive my CPF statement, I feel so rich and the best part is, I know the CPF money won’t run away. CPF will still be around for a long, long time to come… Not only is it earning good interest, my capital is protected.
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With the current economic gloom and investors’ money being lost, this certainly qualifies as Quote of the Month - for insensitivity and well, just plain bad PR.
29 Sep 2008, http://www.todayonline.com/articles/278589.asp
SM Goh said a similar thing: ¨Otherwise, leave your money in CPF … Four percent is a fabulous return without risk. Singaporeans complained it was too low, (but) now they know the meaning of capitalistic existence.¨
The Cabinet obviously missed the point why people complained return was too law. It is the Cabinet´s failure to stop the inflation rate from exceeding the rate of return, thus wiping out any real monetary growth. The PAP still has the cheek to claim they govern Singapore very well. Truth is Singapore has been sliding down since SM Goh took over as Prime Minister.
The salary of any PAP minister is recession proof. CPF is merely loose change.
The public should give the PAP ministers credit for having such foresight ,
they can still laugh all the way to the bank even in a recession.
The insensitivity of Lim Swee Say is expected, he is overwhelmed by having so much money for doing nothing except talking cock.
PAP grass root leaders and supporters should come out and support your union chief and thank this “wonderful govt “. LOL.
What a *******… Someone should give him a tight slap and tell him to wake up!!
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Tripartism is a failure in Singapore.
Revive the Singapore Association of Trade Union (SATU).
Revive the Singapore Factory and Shop Workers´ Union (SFSWU).
Singaporeans from 1972 are capable of exerting an independent labour union. Singaporeans from 2008 can do better!
If I earn the shitload that he earns (pardon my French), my 2 cents worth is.
Every month, when I receive my salary statement, I feel so rich and the best part is, I know the cash under my pillow and in my Swiss account won’t run away. If put in the CPF, you will not see it for a long, long time to come… Not only is it a locked-in fund that maturity date gets pushed back repeatedly, earning good interest for GIC and Temasek Holdings (all the crap about fungiblity), my capital is forcibly put to hard work, paying for HDB loan, CPF Life.
To quote NTUC Chief Lim Swee Say, “Every month, when I receive my CPF statement . . . ” . . . . How come I never receive my MONTHLY CPF statement? Is it electronic or by mail!
Maybe they have forgotten that people at their level will always feel rich with our without their CPF.
Their net salary alone in a year is many times over what an average person will possibly be able to accumulate in their CPF over a life time.
Whoa, Minister Lim really said that? His point of CPF as capital-protected is taken. But the timing is really insensitive. And well, I don’t think he needs to:
1) see his CPF statement to feel rich, he already is.
2) remind people that his CPF contribution is prob more than the gross salary of most Singaporeans.
3) rubbing salt into wound for those who’s lost tens, hundreds thousand in the past few months
Another cock talker. All our citizens CPF are as good as ‘zero’ now . Tell me how many of you folks will be able to enjoy your retiring age if no, retrenchment age with the way the garment keep pushing back your withdrawal age limit. Whether our CPF is earning good interest now is not important anymore, the point is even our coffin money, they also want to makan away by manipulating such a system that we no longer can touch your money anymore. See how cruel these ruling party can be when they themselves are drawing $$$millions salaries out of the citizens forced contributions. You don’t pay or you cannot pay, you automatically becomes a criminal and go to jail, simple as that. Poor Singaporean, wonder when will these ppl wakes up!
Mr Lim, all you care is what you have in your CPF. Why not talk about the predicament currently faced by thousands of retail investors who were lured to park their money into dubious investments’ funds offered by the local banks and financial institutions.
If you feel rich after seeing your CPF statement, please, rich ministers, I urge you to pool your riches to help out the despondent investors.
Then, will I have full confidence in you as our leaders of the country!
my goodness he’s more naive than me!
But remember, you cannot take back 100% of yr own forced saving (CPF), you have to leave huge amount for retirment, which you may get it back yourself if you live long enough. And part of it have to put into your own medical account, and again you cannot use yr own money for medical purposes(medicine, consultation etc.) when you need to, but only can use it with approval only.
There is more bad than good for CPF saving.
Lim Swee Say , ah lim eh, what can i say?
Best part of the quote “…I feel so rich ….”
what a bombastic leader chosen by the Majority .
The problem with him is a union chief should not be in the cabinet at the same time. CONFLICT of interest.
hongjun (#15),
That´s why tripartism is a failure in Singapore.
Sinkapore,
Sorry, I mean Singapore, not Sinkapore.
If we keep complaining about Ministers” super high pay, people will say that we are just jealous - sour grapes.
We complain about the price increases - we are furious. Now I am sure they hear us, and since they are so well-paid, we must give them a chance to fix the problems about price increases choking all (most) of us. I am sure they won’t just do nothing about the 22% killer-increase in Electricity tariff leading our list of complaints. Give them a chance to fix it.
And refrain from too much noise and complaints or otherwise we may really become SINKAPORE instead of Singapore. Also too much complaints can distract the Ministers from doing their jobs properly. Be calm, let them fix the problems, just wait for the results . We must have faith in our Ministers - after most of us elected them, right? Have a nice Sunday !
Give them a chance to fix it. - Rushking (#17)
Fix what? Fix the voices of the angry and the opposition?
Also too much complaints can distract the Ministers from doing their jobs properly. Be calm, let them fix the problems, just wait for the results . - Rushking (#17)
Gosh.. you are buying into LHLś argument that because of the voices of the angry and the opposition, the ministers have to spend time and resources to fix these voices instead of focusing on the real problem - our livelihood. If Ministers can´t raise above the situation to not pick dissident voices and focus on solving the real problem, then they are really no better than any other corrupt politicians from the 3rd world.
We must have faith in our Ministers - after most of us elected them, right? - Rushking (#17)
Most Singaporeans had a GRC walkover during the last General Election. They never voted for PAP. Which planet are you from?
When he won the GRC with walkover, he cried because he will become filthy rich but he does not know many sinaporeans called him a running dog. He kept telling the older workers to go for training, but in fact workers above 40 can’t find jobs because employers prefer young FT with cheaper salary, so this running dog is useless to represent Ntuc!!
If Lim Swee Say feels rich just looking at his monthly CPF balance, then he must have multiple orgasms from just looking at his monthly pay cheque. This guy is just another PAP idiot that thinks Singaporeans are bigger idiots that he is. He must think we’re all morons by talking down to us like that.
The fella is a crafty ole b**tard. Feeling rich and being rich are two different things.
Why do we keep having idiots as our Union chief? First Lim Boon Heng and now this dork.
Goh Chok Tong: That’s life…
Lim Swee Say: I feel so rich…
Such leaders… it’s sad. Listen to that lady in the second video, the second half of it. I wish Goh Chok Tong and Lim Swee Say would say what they said to her face, “That’s life… I feel so rich.”
It’s hard not to want to use 4-letter words on these sort of leaders.
If he has nothing good to say, then SHUT UP.
[...] commentator quips on the Online Citizen [...]
but now nothing happen to cpf or the government of course safe. but if one day anything happen if cpf or government all went wrong, what will happen to our cpf money? will they be like those mini bonds? what happen also if opposition party take over as new government? government can guarantee bank saving, then who to guarantee cpf money? anyone know also if singapore national reserves are much more than cpf total money?
Until this day I often get extremely confused with this term “Capital Protected” or “Capital Guaranteed”. I am afraid Mr Lim Swee Say has no idea just like me.
I was told by a banker “Capital Guaranteed” is safe and not “Capital Protected”. Mr Lim, your CPF might not be safe even if it earns good interest? Maybe this kind of terminology does not make sense in money sense.
R this guy mad..
CPF is good..
when i look for jobs,,i don want any CPF..
is bad,,,
u can:T made any decision on CPF money…
but if have money in the bank..we still can control it.
so i DON LIKE CPF…BAD…is control by gov only..
real shit. own money can”T even control…
hahas.
stupid pp.
Finally one Minister is honest enough to admit that monthly he is richly blessed! and that his money is safe!
Think about the rest of the majority of the population -in terms of CPF contributions, it is pittance ! - not to mention the many unemployed, the self employed, etc, and the rest of people living below poverty line. See the plight of the poor and aged Singaporeans in the videos on Youtube man!
I guess Lim Swee Say does not have CPF. His might be the old Pension Scheme whereby he still receive his pay upon retirement.
What kind of labour chief we have? He is so rich so why not share his wealth with the poor now?
Actually I kinda like CPF. So I actually wonder why you guys are so negative.
It’s great for people who have no will to save, or who have limited financial knowledge in investment. They also earn interest at the same time, backed by government. In the end, it’s still your money, just that you won’t get it now.
Of course the bad part is the lack of control. And if the government goes, the money goes. But hey, if the government goes, I think there should be more important things to worry at that time other than money.
It seems to me instead of ministers governing the country and ensure that citizen can cope with price hike , these gahmen now endup been a PR and propaganda spokesman for the government’s product ?
Lim Swee Say,
you can be happy knowing that CPF money is at sound but is ? As a minister, can you honestly tell us what happen to our CPF money ? Is it been given to Temasek and GLC for investment ultimately ?
What are U so happy even after knowing that CPF is just paper money as long as it yet to taken out ? Oh, I forget. Why you care so much about CPF when your salary is astonishly HIGH ? How much are you been paid to promote and advertise CPF ? Any lobang for us pleasant ?
Oh , I forget. You are a minister without portfolio ? So idling around and talking cock
Errr…if the government goes and your savings with it what else WOULD you be thinking of? Cheering Alonso on at the Singapore GP? War? Its not as if Malaysia’s going to come romping down the causeway and invade us the second there’s a change in government.
There’s no doubt that the CPF has been beneficial to many Singaporeans, but if we don’t have more control over the funds - and if those funds really can disappear with a change of party - then it seems like it could become something else to force Singaporeans to keep the PAP in power. Vote us out and we bugger off with your money. Can this actually happen?
On the whole I would say that the CPF has been a good initiative despite the rather out of place statements of our ministers. The problem here is, is it enough? What happens when there is a recession, inflation goes up, and the purchasing power of our take home pay is not enough? Does one have to wait until retirement to make use of one’s CPF funds? Also, what about those who have little or no savings in the CPF? Low wage workers - mainly those with low education levels or the elderly or both - have almost no CPF contribution, and thus cannot rely on those funds no matter their age. Yet they are no less Singaporean than those of the middle or upper classes. In these troubled times are they to be left without a safety net?
complain ?? why you people complain?
last election nebber complain enough ah ?
it will be the same ….
All investments carry risk but really don’t know about CPF as at the end of the day inflation eats up whatever it is saved!
FOUR LEGS GOOD TWO LEGS BAD!,…………..is good for Labour Movement………………..why??? It shows productivity!!!
If you are a 3 Legged Frog that the FENGSHUI Master will really look after you for his windfall………………
Only idiots earning that kind of income for practically doing nothing constructive will resort to such ridiculous insensitivity.
You don’t need a million dollar paid minister to tell you to tighten your belts and tighten your shoe laces during times like this. Even my mother who is a cleaner knows how to do that. ‘Tighten your shoe laces so that you can run faster’ - I quote. Run to where? Run left, north, south, east , west…..all hit brick walls.
Why don’t they just reduce GST, reduce ERP charges, road taxes, electricity charges, bus fares and MRT fares, and cut Ministers’ pay?
All our fault….sigh….we put them there to steam roll us slowly. Give you $10 rebate….take back $100. We are all fools!
This is something alot of our singaporean needs to give a serious thought about their life savings in their cpf account. First of all, our cpf monies are divided into 3 categories, mainly the ordinary acct, the medisave acct and the special acct. First, the money in your ordinary acct has somehow been made in such a way that majority of the citizens would not be able to withdraw the money as they are being pushed further and further away from the original retirement age of 55. Secondly, another huge portion of it has been set aside for your so-called medisave whereby when you guys falls ill and hospitalized, then it is just as good as signing them a blank cheque to withdraw the hospitalisation charges with no question ask, and don’t forget you still have to foot certain % in cash no matter how much you have in your medisave acct. And lastly, the special accounts! what are these accounts for ah??? I am pretty sure that most of the citizens do not even know what this account is for, right? anyone can advise? As a simple calculation, do you guys out there knows that almost half of your total cpf contributions goes to your medisave and special accounts, leaving you the other half which merely enough to service your world class HDB housing loans. Why keep so much of the citizens monies and made them suffer? and you call it C.P.F is GOOD for the citizens or is good for the ruling party?
More good times are coming. If 2% increase in GST in good times led to widespread inflation, imagine the consequences of a 22% increase in electrical bill at the onset of a recession. Ask the 24-hr coffee shop, the independent schools with their air-con classrooms and lecture theatres, factories and town councils.
What to do? It’s happened. Let’s move on. Learn to see things in perspective. Every month, when I receive my bills, I feel so lucky and the best part is the government will be providing help via a targetted approach. “How much do you want? Do you want three meals in a hawker centre, food court or restaurant?” ‘You want to cover up to 30 per cent, 40 per cent or 50 per cent? Yada yada.
to our dear pap:
i had enough of these nosense crap by the pap. whenever u say u want to help us (eg ease the traffic, better public transport, better education system etc etc), u juz increase the price. so please don’t help us next time cos i also can be minister myself
from the stupid responses from various recent saga EITHER show how alienated our ‘first class’ govt is from the people OR they juz simply think that all singaporean are plain stupid. to quote 3 key eg below
1) pm lee & various ministers have been warning us recently regarding the economic slowdowns & more retrenchements are expected.
c’mon, we think we cannot see it for ourselves? we do not need to pay millions dollars to you to hear these plain obvious remarks.
we want your propose & specific soultions! whenever economy is doing well, you claim credit. when economy is doing badly, you blame other countries
2) response from the recent hike in electricity, they clim that it was not due to f1 race as various racing teams brought their generators. then who power up the extra street & buildings lights to make them extra bright? you mean the racing teams also brought in the generators to power up these? c’mon please think of a more convincing lie or else how can we continue to pay you more than world class pay?
3) pm lee in one of the earlier national speech, presumably too eager to show how ‘close’ as he was to heartlander, cited ‘mee siam my hum (no cockle)’. i almost fainted on spots. since when mee siam got hum? you have been eating too much palace food all these while! so please do your homework next time & cook out a better lie….
anyway, i am migrating with my family in a month time. if you still think that pap can be trusted, then go & eat your mee siam ‘my hum’….haha
foreign talent to be,
good luck. Care to share which country you migrate to ?
Am I left behind or what! “How come I never receive my MONTHLY CPF statement? Is it electronic or by mail!” Can someone clarify?
Last year when I checked my CPF balance for some housing matters, I felt REALLY POOR. All my ordinary account money was drained clean by the HDB, my medisave and special account was only minimal and I have little cash with me in the bank that paid close to zero interest. Some months, I literally live from month to month having chosen this road less traveled as my life calling and destiny for God and nation.
And the BEST PART IS . . . . . I feel richly blessed in so many other ways!
ask him go f%^k spider!
To quote NTUC Chief Lim Swee Say, “Every MONTH, when I receive my CPF statement . . . ” . . . . How come I never receive my MONTHLY CPF statement? Is it electronic or by mail! Can someone please help to clarify.
Coming from a union chief and at a time when many are struggling to make ends meet, this just confirms how out of touch he is with the ordinary folks and how little he cares for them. But then, this is to be expected. After all, what he’s paid in one year is much more than what many workers earn in a lifetime.
I personally do not consider that as a very insightful nor informative statement, although it is fairly easy, appealing and calming statement to be digested by the general public, hence it is used by the media.
Is the debate here about whether 4% is good or bad? No comments about that, though its better than nothing for having your personal money automatically locked up in a vault. It won’t be lost - neither can you touch it - but wait, it can shrink in value!
Lets not flame rushking without first inferring his statements, can’t you read between the lines?
Anyway for everyone’s interest, I found something while Googling:
http://forums.vr-zone.com/archive/index.php/t-11122.html
God bless the poor souls.
utterly lame.
they think all singaporeans are fools.
say too much also no use, we are at the mercy of the elites.
Yes cpf is good, electricity hike is good, foreign talent is good, gst hike is good, erp is good, F1 is good, IR and casino is good, education system is good, work until death is good, gahment is good, one party is good, judicial system very good.
Will all the good things in singapore come to an end please?
i’m not greedy, don’t need so good, too good i cannot tahan.
“too good i cannot tahan.”
Those things endup been too good to be true as people slowly uncover. Is it too late now ?
Mr Lim, you are talking with your mouth full.
People on the streets, are talking with mouths - empty.
You are a ’scholar’, go figure out what I am saying.
Say; Swee Swee;
care to share with us your cpf statement?
don’t just talk - show us which part of the statement makes you “feel so rich” and which part gives you the assurance that it wont run away? i don’t see both in my cpf statement.
come on; good things must share - i too want to go see my cpf statement and to ‘feel rich’ - i don’t have to be rich, i just want to ‘feel’ rich - at least once lah.
i don’t know what to make of you. to say you got no brains also cannot because you are so clever to use the word ‘feel’. pap style - when cornered, you will say it’s just a feeling. feelings change. last time i feel rich now got problem i feel different.
to those wondering how come he gets his statement every month when we know very well we don’t - well - it tells us something very clearly - this bloke checks his cpf account every month - maybe using singpass. he is so obsessed with the money rolling in for him he actually checks to make sure every cent is in there. another reason is because he doesn’t trust his bosses; yes? how are we going to trust a fellow like this?
Insensitive, inappropriate and down right condescending…. that’s the sort of ‘leaders’ the 66.6% have voted for us…..
What does his statement do for us and for solving the situation for all those jobless and increasing jobless in the weeks to come? Can we withdraw CPF?
I hope those who voted for them will wake up from their slumber and folly.
Lim Swee Say is telling lie. we receive CPF statement every 6 months, not monthly. Moreover as a Minister, I don’t think they receive payslip, it is all by interbank giro. He is talking rubbish.
Tew NS, i think you’ve got it wrong. this clown probaly gets his pay in ca$h - all in small bills - $2 and $1 coins - so he can slowly count them on his office desk - nothing else to do what! cpf to him is Check Pay First!
hellooooooooooooo…. where’s my post?
tiredsingaporean : agree with you, the 3 accounts which you are forced to put in your own saving will not be guarrentee to take back or use when necessary.
Parka, your statement “In the end, it’s still your money, just that you won’t get it now” .is not correct, you dont get back 100% of your own saving if you know.
4% interest?! and then all the inflation, how can i not feel poooor???
He is obviously comparing his pay cheque to the commoners’ pay cheque. What a joke!! Is this his only solution? My opinion is his solution is too simple to get such a high rewarding pay cheque!!!
(#52)
more likely he get$ hi$ pay in cold hard CA$$H! - all $2 bill$. being $o ob$e$$ed a$ to check hi$ ob$ene cpf contribution$ every month, nothing $mell$ and FEEL$ better than cold hard ca$h in hi$ hand$! . . . . . c.p.f . to him $tand$ for ‘Check Pay Fir$t!’
54) linc on October 13th, 2008 10.32 am
I don’t even think so they may still have enough money to pay back the citizens after so many issues of $$$billion loses in their foreign investments by Tem & GIC. That’s why they dare not disclose their books to the ppl. Don’t you ppl observe that everytime whenever there are issues concerning this topic, the garment would just come up with a positive figure to let the ppl know that your monies are in good hand. However, these figures changes drastically within months. I wonder do they know what they are talking about or just that one of the cronies is being told to just hantam some figures just to show that the garment do reply to the ppl’s quiries.
“Not only is it earning good interest, my capital is protected.”
Only now I know the difference between `capital protected’ and `capital guaranteed’
If the Minister himself does not know the difference, how can we expect the uncles and aunties to understand?
Why do they keep inventing terms that confuse the layman?
“31) Parka on October 12th, 2008 8.43 pm Actually I kinda like CPF. So I actually wonder why you guys are so negative.”
There is an equally matching negative word to describe a group of people just like yourselve and it is called “blockheads”.
“It’s great for people who have no will to save, or who have limited financial knowledge in investment. ”
Even for this group of people, the fast inflating nature of money (thanks to some screw** up mechanism of this so-called integrated global financial system and yes, also something we can truly call our own, GST) will wipe out a huge chuck (if not totally) of whatever interest it may earn you.
If someone or some organisation is holding on to your money and once in a while give you “well crafted logical” explanation (probably thought through by some scholarly material) to defer the date of the need in paying you, I suggest that you better say “thank you” and demand the money right away if it can be done.
For CPF and unfortunately, this cannot be done at this moment.
With inflation and stagflation still looming, our ministars is speaking in public press about his FAT CPF account. I fancy how many figures CPF he has in his account when there is a cap after a certain salary level. Besides with inflation is around, how much money in the COF can you consider yourself RICH when you can only use them (partially) when one reach retirement age to allow partial withdrawal from the accounts.
This kind of smooth talk is not what Singaporean wants to hear. Show us more monetary measures taken to help the distraught investors of the minibonds and other foreign bank bonds. Show us that Singapore will not go into a bad recession (already in recession) and unemployment rate will not crash below 25%. Show us more credible speeches in the parliament rather than staring into the blank and trying hard to stay awake………
Pay peanut get monkey. Are we paying caviar and still get monkey here?
As always, I do not think there is any backlash, based on Historical Evidence of over 4 decades.
“I don’t even think so they may still have enough money to pay back the citizens after so many issues of $$$billion loses in their foreign investments by Tem & GIC.”
Any wonder why they push back retire age to 85 years old. By then when you reach that age, LKY is gone, LHL is half-gone, most ministers are gone or retired, then as usual the new batch will continue to give the crap and rhetoric and justify any money game and excuses. LHL once claimed that even gahmen don’t even understand the government policies, more specifically Lee’s policies, and how do next gen gahmen understand their policies when all the orginial coffers are no longer around giving accountability ?
Oppps I forget the annuity plan, are they going to implement now. Do like it is a good way to recover some lost money from the citizen.
” I wonder do they know what they are talking about or just that one of the cronies is being told to just hantam some figures just to show that the garment do reply to the ppl’s quiries.”
If one want tell a lie, any good-to-hear figure can do as long as no one can validate what he says anyway. I seriously doubt these ministers know what is going on.
“Only now I know the difference between `capital protected’ and `capital guaranteed’
If the Minister himself does not know the difference, how can we expect the uncles and aunties to understand?”
Why do the ministers need to know the terms as all they want is your money ? These self-serving gahmen just need to know the most important terms, ’salary protected’ and ’salary and increment guaranteed’
How can say like that when its precisely the Majority who always choose them and provide them with Mandate?
Talk cock, lah! CPF doesn’t send out monhly statements.
“Talk cock, lah! CPF doesn’t send out monhly statements.”
Cannot say that. Our gahmen are unique and elite, and that’s why they are so special that they can receive CPF monthly statement. The bigger their salary, the higher the CPF , isn’t it ? Money is what this clown love and worship that he obsess with checking his CPF monthly. Money never so good and tasty before.
With another round of salary increment to $3 millions+++ coming on the way, I’m sure the ministers will be able to receive their CPF statement DAILY and start framing them on the wall.
“63) Richer than USA presidonte on October 13th, 2008 1.07 pm As always, I do not think there is any backlash, based on Historical Evidence of over 4 decades.”
Given the Historical Evidence of over 4 decades, certain people who may be the very culprits will get away scot free and certain group of people will have to bear the costs even though they may have nothing to do with all this bullsh**.
Of course! the very culprits are the same mastermind themselves.
FT badminton import lose match, Lim Shit Say cry. If your CPF acct zero and you got to pay cash for medical treatment, I bet he won’t give a shit!
What’s with sports and pappies anyway? Lose match either cry or KPKB and threaten to fire people. Notice they trying to repair Lee Bee Wah’s image by featuring her as a colon cancer survivor? So what? Got rid of pain in the ass, become one.
We should stop blaming Lim Swee Say after all he is born to Sweet Say thing for We know Who. His name is aptly named Lim Swee Say. Given the dire financial situation here, more Lim’s ‘Sweet Say’ will be on the way. We just have to get use to it
Please be honest, how many of you guys here will still be the 66.6 in the next election? By the way, ministers do get their CPF statements every month. they come in special large forms to accomodate all the zeros in the total amount of Singaporeon Blood Money.
eeeaak… 666, satanic no.
[ To Stand for Nothing and Stand Up for No One ] “My people are infiltrated by wicked men, unscrupulous men on the hunt. They set traps for the unsuspecting. Their victims are innocent men and women. Their houses are stuffed with ill-gotten gain, like a hunter’s bag full of birds. Pretentious and powerful and rich, hugely obese, oily with rolls of fat. Worse, they have no conscience. Right and wrong mean nothing to them. They stand for nothing, stand up for no one, throw orphans to the wolves, exploit the poor. Do you think I’ll stand by and do nothing about this?” God’s Decree. “Don’t you think I’ll take serious measures against a people like this? Jeremiah 5:26-28
I think Lim Swee Say is trying too hard to be part of heartlanders.
Why do I say that? Because all ministers are under a special government-guaranteed pension scheme that pays at least $176,500 per annum from age 55. A minister can be drawing both their regular ministerial salary in addition to their monthly pension!! Ordinary S’poreans can only make-do with the pathetic CPF scheme.
I mean at this timing when many people may not be happy due to crisis,
chi’s example, to me, can serve to teach people not to talk wrong things in heat of the moment when people are angry due to unfortunate events.
Learn from Mr Tan KL. He speak using words carefully chosen.
Chi defame stories have been many over the years and I amazed he still standing. shockingly real .
what say you?
i no no de. i super the no no de.
you leh ?
May be Minister Lim is suggesting that CPF Board do monthly statements. I would like to think that he has a very good helper now diligently printing out statement every month. What else can I say? Give him a break.
But seriously, I’m not sure if any average citizen could feel rich looking at the statement… How to use those monies? Give it to HDB, Hospitals, Schools, Insurance Companies, etc. Who knows what other rules may change again…
“he has a very good helper now diligently printing out statement every month.”
Is that part of reasons why he been paid millions for ? To print statement every month ? haha
“What else can I say? Give him a break.”
Anyway he already had his break when he made the statement
Wah, I feel rich when I see my CPF statement but it’s just a feeling, since I can’t withdraw and touch it. Sometimes I wonder if the digits on that statement are there JUST to make me FEEL rich only.
ronin @75 : ” I think Lim Swee Say is trying too hard to be part of heartlanders.
Why do I say that? Because all ministers are under a special government-guaranteed pension scheme that pays at least $176,500 per annum from age 55. A minister can be drawing both their regular ministerial salary in addition to their monthly pension!! Ordinary S’poreans can only make-do with the pathetic CPF scheme.”
If I’m not mistaken, Ministers and senior civil servants on the pension scheme are also given and have to contribute to CPF, although in lesser percentage.
“Sometimes I wonder if the digits on that statement are there JUST to make me FEEL rich only.”
Well, if you are not happy with the CPF amount then just add a extra zero to make you feel good after all as I say CPF is really paper money. Until you can retrieve it out, you are just living in a Matrix world.
” CPF, although in lesser percentage”
Even a small percentage of a large amount of salary annually is a lot. That’s probably explains why Lim Swee Say cannot control his joy and must show off.
While the citizens are suffering, our gahmen can go for another round of hip-hop.
Not everyone can feel rich. Ministers can, for they get world recession/depression proof salary, CPF and not-often-publicly mentioned pension as well. I believe they are some who are actually feeling extremely rich collecting pension in addition to their monthly salary and CPF. This is what I call having the best of all worlds. But then its reserved for the elite few.
I am sure I will not be corrupted if I have so much money. People might ask why the lower ranks are not paid more to prevent corruption. For them we have severe punishment to prevent corruption. I am sure if corrupted officials are executed like in China, we would not have to pay them so much and we would not have the hear them say that they have not enriched themselves. But then not all animals are equal and Napolean’s dogs are not only indispensible but have their own large brood protecting the Chief Comrade’s interest
Whenever I look at my CPF statement, I don’t feel rich. Lim Swee Say must be the only one who does so.
Since so many ppl here said that they dun hv the chance to vote in the last election cos of the stupid GRC system!!! y there is no ppl talk abt this issue in that hong lim corner or anybody can cum out with a petition to let Singaporean sign to write off this system in the next election. I think our GOOD garman will consider since they always said they LISTEN to Singaporean and they ALWAYS do things for the GOOD of Singaporean. And if the petition have good responds, I think the garman won’t dare to go against the will of the majority Singaporean. Without the GRC system for the next election, it also good for LHL cos it like a result book which shows how the support of Singaporean for his performance.
Yo Daniel, thanks for the suggestion on adding an extra zero to my CPF amount. IN fact, I added 6 zeros and now I’m feeling f**king RICH!!
85) GoodSingaporean on October 14th, 2008 11.20 am
You can write a 1000 or 10000 petitions or even the entire singaporean to the ruling party to abolish whatever shit GRC in the next GE, and LKY will abolish you, so simple one! Don’t be surprise you ppl dun even have a chance to see the next GE, it could be abolished totally all together. What so difficult, all they do is tell you ppl that the garment cannot afford opp parties to distroy its economy, therefore the isa comes into effect to protect the nation. So the present opps members in paliament will be auto-covert to pap ruling party, finished, game over!
Just shut up, sir. You making me feel poor.
“Yo Daniel, thanks for the suggestion on adding an extra zero to my CPF amount. IN fact, I added 6 zeros and now I’m feeling f**king RICH!!”
Wow lah… don’t be greedy la. Don’t add so much zero otherwise it is no different from Hade Currency. haha.
A serpent hisses before it strikes,
a conman smiles before he swindles.
A flirt displays his/her charm,
a cheat also shows his/her kindness.
Do not be conned by the sweet words and charming smiles.
Beware! Beware! Beware.
As usual the rich know how to talk and BRAG!! Yeah la we all know you are rich.All the ministers jnow they are RICH! They definitely wont be affected by this recession!
You may talk now but as I always say “What goes around comes around!” One day should you be blessed by an incurable illness all the money in the world won’t help you!
I look forward to the day when we can elect our government by the people voting in and not by these so called GRC etc! Be barve to let the people decide. The PAP talks a lot . No action. I have yet to hear of a minister donating to charity. They always depend on the poor and middle class and also the rich but hwere are all the ministers?
Lets see if all the ministers are willing to take a 50% pay cut!! After all its the taxpayers who are paying for their salaries! We can go overseas and out source for extremely capable people and pay them half the salary that are ministers are getting and probably they will do a better job!
It is ironical that Mr. Lim came out with the notion that the workers may have to take a pay cut. I sincerely hope it includes all the ministers pay also!!!
So be sensitive next time you speak about being RICH! We all know that all of you are rich but at whose expense I shudder to wonder!!
Haha…. This kind of Minister calibre….
I wonder if the present government has the guts to call for an election now!! If you are so confident of youself and your government and so sure that the people will back you up thne have an election now.
Even to have a by election in jurong they show no guts and come out will all the nonsense of avoiding a by election. I sincerely believe the people will today stand up and speak and be counted. I guess thier MPs and minister wont have the guts also. Cos they wont be rich like swee say says and gleam over their monthly statement!
Just like America is calling for CHANGE! It’s time for CHANGE in Singapore! Change for the better. The government and PAP always think they are the only ones who can govern Singapore. Well I bet in the next election you will see a change the likes of which you will never dream of. IT’S TIME TO MAKE THAT CHANGE!
Hi guys - LSS is honest - saying it as it is; he is not keen to carry on as future Minister as the news reported last year.
Badminton under him have hope.
Meanwhile Ping Pong is bouncing back perhaps in the wrong direction- coach Liu has his last say - perhaps the other coaches and players will all find exodus too and soon - one perhaps by marriage to a good looking Beijing guy - congratulations.
Even colon cancer can be drawn in as a subject to mitigate……spare the poor MP man, give her some privacy please.
The PR machine here is really weird when it comes to stories of Government people - remember the Toh Chin Chye incident years ago!
Meanwhile enjoy the recession - they say that it is only a technical one - do you guys understand what that really means ?
Thank you.
Sigh……………………………………………………………………………………………………………………….
It’s rather unfortunate to have a minister of such calibre, paid millions to talk insensibly. The only consolation for Lim Swee Say is that he’s not the only one.
since wen did anyone payed millions talk sense. they just folow ma. we are the first country in the world where the president and ministers are paid millions more than all the prsidents of the world salaries put together. all our ministers including the president should be running the UN and the whole world. they are so capable they are paid so much. its sheer un believeable. Singaporeans should be brought of this.
93) DARTH VADER on October 14th, 2008 6.55 pm I wonder if the present government has the guts to call for an election now!!
You may not be able to see another GE if the present garment feels threatened. They may just come up with some reasons and abolish it all together. In Singapore, anything can happen. Already seen too many of their pattern all these years.
ok, i feel so poor now!!
Lam Suay Suay receives his CPF statement eevery month? It is real suay to hear him say that he feels rich. He also pays for the ERP. He also pays for electricy same rate like us, or maybe free, same petrrol rate like all of you. This is equal opportunity to pay and pay. Only one thing not equal; he is more equal
“. He also pays for the ERP. He also pays for electricy same rate like us, or maybe free, same petrrol rate like all of you. ”
The ministers doesn’t feel a pinch when price increase anyway since it is so negligible to them. Frankly as a minister should they ? They knows that in next election, the GST is going to increase by at least another 40% and they have every right to feel the joy and satisfaction because their KPI is tied to GDP and GST helps improve GDP.
Who knows what other entitlement under the garment that not disclosed to public ? Remember we have smart gahmen far surpass the capabilities of Chen ShuiBian since all the gahmen here are partisan and subservient to the ruling party to the point that even wrong doing is cover-up and by kangaroo law can be right.
Really feel like a shit place now.
“Our lives begin to end the day we become silent about things that matter,” Martin Luther King Jr
I look forward to the day when we can echo Martin Luther’s King words to the PAP government: “Free at last. Free at last . Thank God almighty we are Free at last!!”
Two Lims down, who’s next? LIm Hng Kiang had not open his for a long time.
“The ministers doesn’t feel a pinch when price increase anyway since it is so negligible to them.”
Yes, you are right
Even everything, yes everything, has increased by 500% due to inflation, it will still leave them with plenty of big change.
He DID NOT NEED to tell us that he felt rich, we know that he IS RICH, vVERY RICH INDEED..
EH LIM SWEE SAY, YOU STUPID OR WHAT?
Good interest? You think the bloody CPF is a superannuation fund ah? At the inflation rate Singapore is suffering today, it is stupid to keep the money in the CPF account. CPF pays 2.5% max, inflation rate is at 6 to 7% currently, money devalues every second it stays in there. Doesn’t make logical sense.
CPF is stupid. Keep the money in there for what? Nothing ventured, nothing gained. I’d empty it at every opportunity.
Interestingly, he’s supposed to represent the wórking class isn’t it? In his position as NTUC chief? The feeling I get is that he is now not only not part of those he’s supposed to represent, but in the antagonist strata. Either he’s detatched from the workers, or he wasn’t suited to represent them in the first place.