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04-12-2013, 09:10 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
CPF@55 will affect members of the aging population born in 1946- 1964, the baby bommers.
The 1964s groups start their paycheck say in NSF in around 1983 period and kick off their 1st CPF deduction. At this time the CPF agreement (CPF is a board not a government btw) with the people is withdraw age at 55.
The CPF board (a stat board) steps in to extend your CPF payment to 62 in 1990 period and there is a given date to apply the policy, agree?
Then to come to think of it there should be a cut off date or kick off date ,right?
Meaning your CPF deduction in 1990 time follow the kick off date onwards to pay you at 62. Money before the kick off date is to return to you in full @55 which is a contractual agreement. The CPF deduction from you from say 1990 to say 2013 is for age 62 only. So you start fresh to the CPF board changed their tune in 1990 period.
With the new implement to pay you at 63@2015 then only the CPF money you contribute in 2015 is for age 63 to collect. So forth in 65@2018 only the CPF deduction from your paycheck in 2018 is for withdrawal at 65.
This will be a fair system for implementing this policy. Which means the CPF board cannot lump your CPF deduction from 1983 as part of the new policy to be implemented in 65@2018.
Here we are looking at cut off date and kick off date and unforeseen circumstances leading to @65.
Loong is in his 60s too and going 70s not much stamina leow. To trust Kee Chiu to lead? He is a military solider and only good at going to war for you. Remember he was awarded a military medal in US but not in economic leh? Such medal bo pah kay to run a country economically.
For those Gen X and Y in their 20s today, good luck to you and it is unfortunate your CPF is locked up till you reach 65, you have to sort it out yourself.
The baby boomers today are fighting for their rights to the full lump sum to be paid to them, cash. Money in their hand is better than in no more stamina Loong's pocket, he is lau leow, lau lang oredi a member of the lau lang baby boomers.
Can trust what will happen to your CPF money in 2025 when you hit 65?
Interesting thought ... hummmm ... think about it?
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?169525-Cpf-55&goto=newpost).
CPF@55 will affect members of the aging population born in 1946- 1964, the baby bommers.
The 1964s groups start their paycheck say in NSF in around 1983 period and kick off their 1st CPF deduction. At this time the CPF agreement (CPF is a board not a government btw) with the people is withdraw age at 55.
The CPF board (a stat board) steps in to extend your CPF payment to 62 in 1990 period and there is a given date to apply the policy, agree?
Then to come to think of it there should be a cut off date or kick off date ,right?
Meaning your CPF deduction in 1990 time follow the kick off date onwards to pay you at 62. Money before the kick off date is to return to you in full @55 which is a contractual agreement. The CPF deduction from you from say 1990 to say 2013 is for age 62 only. So you start fresh to the CPF board changed their tune in 1990 period.
With the new implement to pay you at 63@2015 then only the CPF money you contribute in 2015 is for age 63 to collect. So forth in 65@2018 only the CPF deduction from your paycheck in 2018 is for withdrawal at 65.
This will be a fair system for implementing this policy. Which means the CPF board cannot lump your CPF deduction from 1983 as part of the new policy to be implemented in 65@2018.
Here we are looking at cut off date and kick off date and unforeseen circumstances leading to @65.
Loong is in his 60s too and going 70s not much stamina leow. To trust Kee Chiu to lead? He is a military solider and only good at going to war for you. Remember he was awarded a military medal in US but not in economic leh? Such medal bo pah kay to run a country economically.
For those Gen X and Y in their 20s today, good luck to you and it is unfortunate your CPF is locked up till you reach 65, you have to sort it out yourself.
The baby boomers today are fighting for their rights to the full lump sum to be paid to them, cash. Money in their hand is better than in no more stamina Loong's pocket, he is lau leow, lau lang oredi a member of the lau lang baby boomers.
Can trust what will happen to your CPF money in 2025 when you hit 65?
Interesting thought ... hummmm ... think about it?
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?169525-Cpf-55&goto=newpost).