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23 Jul 2012, 10.47AM

9 comments & replies |by Guest | Mind and Body

I heard this ridiculous case ... the ineffectiveness of CPF to understand the issues .. just follow a book ..

A CPF member, age 85 years old .. recently was hospitalised .. his Medisave account do not have enough funds but his Ordinary still has balance .. he requested to transfer this to Medisave so that his bills can be paid...

CPF officers ask him to gp down personally to CPF offices to effect his transfer .. he is so frail that he said that he will not be able to go to CPF offices .. luckily, one of the CPF officers took to initiate to do the transfer without the need to go down to CPF ..

This is more ridiclous ... he has a Retirement Account(RA) balance .. he now has exhausted both his Ordinary and Medisave account .. he now request that his hospital bills be paid by this Retirement Account .. to his suprise, CPF rejected this as CPF inform him the the RA balnce can only be withdrawn and given to his beneficary upon his DEATH ... so money cannot be used when he is alive .. money to go to soemone when he DIES ????

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Guest

23 Jul 2012, 11.08AM

CPF has won many awards .. SQA, Singapore Qaulity Class, People Developer , etc .etc .. and yet this case illustrates that there are so inefficient ...

Guest

23 Jul 2012, 11.16AM

HOW CPF know he is 85 yrs old in the first place ? You think CPF is GOD huh ? Can ensure go heaven ? Everything know huh ? How much the CPF officer pay only ? His salary not $300,000 per month OK unlike minister.

Of course retirement amount is for him to used monthly until he / she died. If all use liao. THen he eat what ? No money pay. No money pay lah. Scare hospital throw you out ? You vote PAP one mah. Why worry ?

Guest

23 Jul 2012, 11.32AM

You look totally ignorant ... no wonder opposition acnnot win ..

When you file a medisave claim and with NRIC .. the date of birth is already there ... so the age? Understand ..simple logic and yet you make such a comment .. show that you just make noice for the sake of making noice .. with so many of you in the opposition having such a mentality .. how to govern SINGAPORE

Guest

23 Jul 2012, 12.14PM

With such "INTELLIGENT" Opposition members .. I will certainly continue to vote for PAP .. less "INTELLIGENT"...

Guest

23 Jul 2012, 4.36PM

GOOD ! PAP WIN ALREADY. I ALSO WANT PAP TO WIN !

85 years old already. WHY WORRY ABOUT OPPOSITION WHO IS THE NEW GOVT OF SINGAPORE ?

2016 he is dead already.

Guest

24 Jul 2012, 6.40AM

Don't talk about liviong longer .. he do not have any money now to pay for his hospital bills .. he will be chuck out of hospital and die IMMEDIATELY .. what is the use of having money in CPF when he die?

Guest

23 Jul 2012, 8.25PM

hear say hear say "boi chun wan"

according to CPF
Quote"
Q: What is the Retirement Account?

A: The Retirement Account is set up to meet your basic needs during your old age. When you reach 55, you will need to set aside your Minimum Sum, using the savings in your Special and Ordinary Accounts, in the Retirement Account. You can then withdraw the rest of the savings in your Ordinary and Special Accounts in one lump sum.

If the above statement is true, unless the poor soul is still working at 85 n still contributing to CPF, that's why got $ in ordinary account?

Retirement Account are tied to Minimum sum, where they hold bulk of one's money, and trickle little by little to pay one back through monthly payment, depending what one could save, up to max of current minimum sum.
To explain in detail of Minimum sum will be too complex, as one will have to go further into another level of scheme, called the CPF life, and then there's a further hurder, where one got to overcome, called the drawn down age, haizz, in order to shorted the replies, I thus summarize as below:

So, the Retirement account is sort of one's money, and not one's money, one can get back little by little, determine by the amount one left inside, but one cannot dictate how or when one want to withdraw or transfer, in a way, it is not wrong to say, whatever is remain after one goes back (die liao), the remaining $ will be allocate to one's beneficaries.

Not everyone agreed with the scheme, but when most voted to whom they wanted to rule over them, even one's unhappy with the ruling, can only ***** thumb and live with it. In summary, you are right in your own assumption, but not in view of the previlage lots who make the ruling, who are elected by majorities who think they are best to decide what is best for all.

Guest

24 Jul 2012, 5.24AM

That's why we need these illogical rationale whenever we found one .. NOT .. VOTE THE PAP OUT .. how sure are you if the OPPOSITION will not to do the same .. address the issue and not continue to comment .. VOTE PAPM out .. it is just a waste of time and money for saying so

Guest

25 Jul 2012, 4.10PM

DEAR REACH ADMINISTRATOR ...

Can you do members of this a FAVOUR .. get CPF to answer issues raised here .. especially why RA cannnot be used for "dying" CPF member to pay hospital bills?