Tag: CPF

CPF Board & MOH refuse husband’s request to use CPF funds for cancer-stricken wife, say: We have done all we can to extend support

The Central Provident Fund (CPF) Board and Ministry of Health (MOH) have issued a joint statement with regards to a husband’s request to use his CPF savings for his wife's cancer treatment. The couple, 47 year-old Sarojini Jayapal and 47 year-old Suriia Das have depleted...

CPF board disallows husband from using his funds for his wife’s cancer treatment, human rights lawyer M Ravi steps in to help

The CPF Board has allegedly denied a husband’s requests to use funds from his Ordinary Account (OA) and Special Account (SA) for his wife’s cancer treatment after depleting all of their MediSave funds. 47 year-old Sarojini Jayapal suffers from Stage 4 Ovarian cancer which was...

CPF member calls on the Govt to implement a state pension system to help the elderly retire

A 60-year-old Singaporean has asked the Government to implement a state pension fund to help the elderly in their retirement years, as he revealed that he will only receive 50 per cent of what he would need to meet what is considered decent living expenses,...

Veteran opposition politician: CPF should only be used to finance retirement and at most healthcare expenditure

In an exclusive with TISG, secretary-general of the People's Power Party Goh Meng Seng says CPF should only be used to finance retirement and at most healthcare expenditure. He made these remarks when asked for his thoughts on the Central Provident Fund (CPF) withdrawals and the current age...

CPF responds, says father with insufficient cash for daughter’s education cannot make a withdrawal

The Central Provident Fund (CPF) Board has responded to a 60-year old father who took to social media saying that that he might have to resort to choosing between borrowing money, and stopping his daughter’s education because he was allegedly disallowed from using his...

New IPS study calls for higher CPF contribution rates for older workers

Singapore — A policy brief from the Institute of Policy Studies (IPS) dated June 26, Wednesday, shows how increasing the Central Provident Fund (CPF) contribution rates for older workers to put them at the same level of those of younger workers would be helpful...

Daughter’s education left hanging after CPF Board allegedly disallows father to withdraw and pay for fees

A 60-year old father said that he might have to resort to choosing between borrowing money, and stopping his daughter’s education because he was allegedly disallowed from using his Central Provident Fund (CPF) money to pay for his child’s education. Mr Lim Koh Leong wrote...

CPF Board accused of putting half of member’s retirement funds into CPF Life without permission

The Central Provident Fund (CPF) Board has been accused of putting half of the funds in a member's Retirement Account into a CPF Life plan, without his authorisation. Facebook user Desmond Chua wrote that he came to know that CPF Board had moved half of...

SDP’s Dr Chee: “A party that has been in power for too long will bully the people”

The Singapore Democratic Party’s (SDP) Dr Chee Soon Juan released a video of some of the common concerns faced by Singaporeans. Not only did he highlight the problem of not being able to withdraw their CPF (Central Provident Fund) money at 55 years old,...

Josephine Teo: Consensus to raise ages for retirement and re-employment beyond 62 and 67 a “significant milestone”

Singapore—In her May Day Message, Josephine Teo, the country’s Manpower Minister, called the tripartite consensus to raise the retirement age and re-employment age beyond 62 and 67 a “significant milestone,” as it will serve senior citizens who want to keep on working. This consensus was...