Tag: CPF

“Can see but cannot touch”, says citizen regarding CPF

Singapore--A 60-year-old Keban Baru resident working part-time who wants to remain anonymous, criticized the CPF retirement scheme. He states how in order to withdraw from his CPF, he has to be 65 years of age. "I want to stop work already, but cannot" as he...

Man looking for Covid-19 grant complains about being unable to borrow from CPF fund

A man looking to obtain a Covid-19 relief grant took to social media alleging that he did not receive a reply despite multiple emails to the authorities. In a Facebook post, one Mr M wrote that he wanted to borrow funds from his own Central...

OCBC survey states 2 out of 3 S’poreans don’t have savings to last more than 6 months

Singapore – According to an OCBC survey approximately 66 per cent of Singaporeans don't have enough savings in their accounts to last the next six months. News of this has been circulating online, garnering the repeated request from individuals to allow CPF withdrawals. According to...

Individuals say the process of receiving NTUC Care Fund for Covid-19 “way too long”

Singapore – Members from the online community shared their concerns on the process of receiving their NTUC Care Fund (Covid-19) saying that waiting for eight to 10 weeks for feedback was "too long" and could even result in an unsuccessful application. Amid the Covid-19 pandemic,...

SDP on Govt efforts to help elderly poor: “The PAP is wrong and has no compassion”

The Singapore Democratic Party (SDP) recently published a video wherein SDP leader Chee Soon Juan called out the ruling People's Action Party (PAP) for its neglect of an extremely vulnerable sector of the Singapore population--the elderly poor. The SDP on Wednesday (May 14) uploaded a...

SDP proposes retirement income to help elderly cope and ease burden on their working children

As part of their 4Y1N campaign, the Singapore Democratic Party (SDP) has proposed a retirement income to help the elderly cope and to ease the financial burden on their working children. In a post on their website yesterday (May 11), the party said that the advent...

Lim Tean: S’poreans should be allowed to withdraw CPF in times of need, uses M’sia as example

Singapore – Opposition party leader Lim Tean urged the Government to consider allowing Singaporeans to withdraw from their Central Provident Fund (CPF) "at this time of great need." The leader of the People's Voice party shared a post on Monday (Mar 23) by social activist...

Cabby wants to use some of his CPF money during Covid-19 outbreak

A Facebook group of local taxi drivers has been abuzz following a call for those in difficulty during the Covid-19 outbreak to be allowed to use some of the money in their Central Provident Fund (CPF) accounts. One man said: "During this difficult times. It...

Chee Soon Juan: PAP tells us that its ministers – the highest paid politicians in the world – are still underpaid

Dr Chee Soon Juan, Secretary-General of the Singapore Democratic Party (SDP) pointed out on social media the disparity between the way he thought the ruling party conducted its own affairs and the advice it gave Singaporeans. In a Facebook post yesterday (Mar 8), Dr Chee...

SDP’s 2020 Budget alternatives, proposes plan to ‘take Singapore forward’

Singapore – The Singapore Democratic Party (SDP) released their take on the 2020 Budget and proposed their plans to "Take Singapore Forward" by addressing the cost of living, foreign PMETs and the CPF. On Wednesday (Mar 4), opposition party SDP, represented by Paul Tambyah (Chairman),...