PM Lee Hsien Loongs National Day Rally signalled the PAP Governments intent of withholding the peoples CPF money, continuing to dishonour its original promise to return Singaporeans their hard-earned retirement savings. Mr Lees announcement of future adjustments to allow retirees to withdraw more money fails to address the all-important question: How are older Singaporeans going to survive in their retirement? As it is, most Singaporeans do not have enough to meet the Minimum Sum of $155,000 (which will be increased to $161,000 in 2015). Giving back retirees small monthly instalments of a few hundred dollars under the Minimum Sum Scheme will not allow them to survive in a city ranked the most expensive in the world. The PAP must stop playing these money games and, instead, honour its pledge to return to Singaporeans their CPF savings.
Posted on: Wed, 20 Aug 2014 04:40:32 +0000
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