HWZ Forums

Login Register FAQ Mark Forums Read

Cpf min sum should be review as many ppl out of job

Like Tree10Likes
Reply
 
LinkBack Thread Tools
Old 01-08-2020, 09:18 PM   #1
Junior Member
 
Join Date: Jan 2012
Posts: 85
Cpf min sum should be review as many ppl out of job

Hi all

Do u all agreed .. if yes, how should it be feedback to Govt
Supersen likes this.
mimicoco77 is offline   Reply With Quote
Old 01-08-2020, 09:24 PM   #2
High Supremacy Member
 
reddevil0728's Avatar
 
Join Date: Dec 2005
Posts: 33,953
Hi all

Do u all agreed .. if yes, how should it be feedback to Govt
Start a change.org petition.

But no use one
reddevil0728 is offline   Reply With Quote
Old 01-08-2020, 09:24 PM   #3
Arch-Supremacy Member
 
Join Date: Jun 2010
Posts: 12,375
Do u all agreed .. if yes, how should it be feedback to Govt
There's no more CPF minimum sum. So you think the government should review whether to have a minimum sum?
BBCWatcher is offline   Reply With Quote
Old 01-08-2020, 09:29 PM   #4
Senior Member
 
Join Date: Jun 2010
Posts: 552
Hi all

Do u all agreed .. if yes, how should it be feedback to Govt
Write to Jo Teo or PM himself. Get a petition. Concurrently can also ask Oppo to bring up during parlimen meeting. Sooner the better.
culture_counter is offline   Reply With Quote
Old 01-08-2020, 09:33 PM   #5
Senior Member
 
Join Date: May 2012
Posts: 616
Australia govt is allowing pple to access Australian Superannuation Savings becos of covid hardship...
beautyseek is offline   Reply With Quote
Old 01-08-2020, 09:38 PM   #6
High Honorary Member
 
mrclubbie's Avatar
 
Join Date: Oct 2008
Posts: 173,908
I think some people raised before that should let members withdraw portion of the CPF money during COVID if they are facing difficulties ?
__________________
Hitori
Hitokoto
Hitorigoto
mrclubbie is offline   Reply With Quote
Old 01-08-2020, 09:44 PM   #7
Senior Member
 
Join Date: Sep 2006
Posts: 1,636
Hi all

Do u all agreed .. if yes, how should it be feedback to Govt
You which era ?
Minimum sum scheme doesn't exist anymore
Thoreldan is offline   Reply With Quote
Old 01-08-2020, 09:49 PM   #8
Member
 
Join Date: Sep 2016
Posts: 355
Go Edmw pls
jetblack is offline   Reply With Quote
Old 01-08-2020, 09:49 PM   #9
Arch-Supremacy Member
 
livingcharsiew's Avatar
 
Join Date: Oct 2019
Posts: 12,650
should be allowed to borrow from your own cpf but pay back interest
__________________
https://streamable.com/tvfy3p
livingcharsiew is offline   Reply With Quote
Old 01-08-2020, 09:54 PM   #10
Arch-Supremacy Member
 
Join Date: Jun 2010
Posts: 12,375
should be allowed to borrow from your own cpf but pay back interest
You already are (for housing in particular), and many people do. That's called the CPF Ordinary Account. You aren't even required to pay yourself back unless you sell your home, and even then you're not required to make up any shortfall.
BBCWatcher is offline   Reply With Quote
Old 01-08-2020, 09:56 PM   #11
Arch-Supremacy Member
 
livingcharsiew's Avatar
 
Join Date: Oct 2019
Posts: 12,650
You already are (for housing in particular), and many people do. That's called the CPF Ordinary Account.
How about those that lost their jobs and don't have money?

They should be allowed to loan for personal use during this troubling times
__________________
https://streamable.com/tvfy3p
livingcharsiew is offline   Reply With Quote
Old 01-08-2020, 09:59 PM   #12
Master Member
 
jnashville's Avatar
 
Join Date: Feb 2010
Posts: 3,630
When u said many people out of job, how many? What is the percentage compared to those who are employed?

I think only a small number to be honest. Many means like more than 30 percent..but I just google...its around 11 percent. That's not considered as "many"

So for lesser than 15 percent, you want the government to change its laws...
jnashville is offline   Reply With Quote
Old 01-08-2020, 10:00 PM   #13
Junior Member
 
Join Date: Jan 2012
Posts: 85
Thanks for all input .

I hope we trigger more concerns here..
I think this is a serious topic and has long term impact..on our future

Pls provided as much recommendations (constructive approach) as possible.

I don’t maybe no use but at least we do something now in hope some kind souls can bring into parliament for this discussion.
mimicoco77 is offline   Reply With Quote
Old 01-08-2020, 10:05 PM   #14
High Supremacy Member
 
reddevil0728's Avatar
 
Join Date: Dec 2005
Posts: 33,953
Thanks for all input .

I hope we trigger more concerns here..
I think this is a serious topic and has long term impact..on our future

Pls provided as much recommendations (constructive approach) as possible.

I don’t maybe no use but at least we do something now in hope some kind souls can bring into parliament for this discussion.
on hwz????????
__________________
Whatever floats your boat...
reddevil0728 is offline   Reply With Quote
Old 01-08-2020, 10:09 PM   #15
Junior Member
 
Join Date: Jan 2012
Posts: 85
Maybe u r right. I do not have the statistic ...

Then again, I feel uncomfortable now..

I m not saying that the law is wrong . I am just “suggesting” perhaps, this can be review to help and support Singaporean. That is, at least, not to increase the min. Cpf sum at the age of 55..in coming years .. 😊



When u said many people out of job, how many? What is the percentage compared to those who are employed?

I think only a small number to be honest. Many means like more than 30 percent..but I just google...its around 11 percent. That's not considered as "many"

So for lesser than 15 percent, you want the government to change its laws...
mimicoco77 is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On