Category Archives: CPF

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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PAP elites are beneficiaries of a broken CPF scheme, CPF issues will not be resolved

I refer to PAP-approved economist, Dr Walter Theseira, stating the obvious in “Economist calls for tax reform as CPF relief benefits the rich“. (Today) Walter has suggested more tweaks to the system and MOF seems agreeable when it said it … Continue reading

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CPF not our money because PAP dictates its use

NMP Chia Yong Yong may be right when she said our CPF does not belong to members. But not based on her stupid reasoning. How could members be considered owners of our CPF when every damn rule pertaining to its … Continue reading

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