Category Archives: CPF CLASS ACTION

PAP should come clean on investment returns using CPF monies

The PAP government has not been upfront and repeatedly tried to mislead CPF members. Thanks to Roy, we now know that PAP had even lied about GIC not using CPF for investment. 😦 After repeated denial, PAP was finally forced to … Continue reading

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PAP must be upfront with CPF members on GIC’s investment losses

​As CPF Board continues to embark on new propaganda measures to channel more funds to GIC, CPF members would do well to think very carefully and demand for more transparency before parting with their cash/topping up parents’ CPF accounts. According … Continue reading

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No CPF monies go towards government spending but using our CPF returns OK?

The PAP government should not continue to disseminate CPF half truths to justify the abuse of our CPF retirement savings. PAP has tried to give the impression that our CPF has not been abused by telling CPF members that: “(CPF) … Continue reading

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Did Minister Teo use fake CPF figures to trap more retirement savings for GIC?

PAP is clearly so desperate that it will resort to any tactic to trap more of our CPF. The CPF scheme started with one objective: provide for one’s retirement. Today, the objective does not only include paying for housing and … Continue reading

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Latest CPF Act amendment testament to failure of CPF scheme (scam)

I refer to CNA article, “Changes to CPF Act passed, lowering barriers to transfer funds to parents, grandparents“. Every amendment to the CPF scheme has only one objective: trap more money in GIC. WP MP Png: “If they can meet … Continue reading

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