S'pore may raise retirement age to 68

[duriz]

verykiasu2010:

i always hear people say CPF = Coffin Purchasing Fund

:faint:

[Daddy D]

Augmum:

verykiasu2010:

what is the problem with 68 ? at least not 86 !


CPF minimum sum can only take out at 85, right ? so 68 no problem lah....sounds nice to cantonese some more!

aiya...u din hear pple say, \" CPF mani, can see, cannot TOUCH\"

They VERY good in shifting the goal post... forever cannot score goal one... sure win....

[dunnoleh]

RRMummy:

verykiasu2010:

what is the problem with 68 ? at least not 86 !


CPF minimum sum can only take out at 85, right ? so 68 no problem lah....sounds nice to cantonese some more!

u very got money hor...

aiya as years go by they will also gradually increase the minimum sum...

so cannot retire and live on CPF money liao la...

gahmen got power to officially increase your life expectancy, so dun worry la!

[Funz]

Excuse my ignorance.


But, is not the retirement age of a person a choice made by the person themselves? Even if the govt were to say retirement age is 68 but I decide that I have slogged enough and have enough stashed away to stop working now, how is the govt gonna stop me. Only catch is maybe the CPF sum. Then again one cannot rely on the CPF sum alone to survive after retirement right?

[Pen88n]

duriz:

verykiasu2010:

i always hear people say CPF = Coffin Purchasing Fund

:faint:

I think our generation very 惨, 上养父母，下养孩子. Cannot depend on kid to feed us in future as their standard of living will be so high. Even coffin $$ must prepare for ourselves.

So must to strike toto......meantime must go back to work and work hard till I strike toto or till 68 :ugogirl:

[Daddy D]

Funz:

Excuse my ignorance.


But, is not the retirement age of a person a choice made by the person themselves? Even if the govt were to say retirement age is 68 but I decide that I have slogged enough and have enough stashed away to stop working now, how is the govt gonna stop me. Only catch is maybe the CPF sum. Then again one cannot rely on the CPF sum alone to survive after retirement right?

I guess it depends on individual's financial status bah...
or maybe the CPF sum is just \"peanuts\"

[Funz]

Daddy

Funz:

Excuse my ignorance.


But, is not the retirement age of a person a choice made by the person themselves? Even if the govt were to say retirement age is 68 but I decide that I have slogged enough and have enough stashed away to stop working now, how is the govt gonna stop me. Only catch is maybe the CPF sum. Then again one cannot rely on the CPF sum alone to survive after retirement right?

I guess it depends on individual's financial status bah...
or maybe the CPF sum is just \"peanuts\"

Precisely lor. So what is this hang up about retirement age? It is just a number.

How much can one have in their CPF, millions? Not likely right? So I will have to assume that one cannot depend solely on CPF monies to see them through their retired years. If that is the case, whether you get that money at 50, 60 or 68, you still have to continue working if you have yet to stash enough.

In fact, I feel that the raising of retirement age actually is advantageous for most of us. This means you have 6 more years before your employer can tell you time to retire.

[verykiasu2010]

those who are older would recall that in the past, CPF used to be 50% of pay, 25% from employee and 25% from employer and no cap on CPF on bonus…there are people with million $$ in CPF and this is tax free…since the recession, they closed this loop hole


most people would have max-ed the CPF into housing and reserve cash for other purposes…

[hquek]

Pen88n:

duriz:

[quote=\"verykiasu2010\"] i always hear people say CPF = Coffin Purchasing Fund

:faint:

I think our generation very 惨, 上养父母，下养孩子. Cannot depend on kid to feed us in future as their standard of living will be so high. Even coffin $$ must prepare for ourselves.

So must to strike toto......meantime must go back to work and work hard till I strike toto or till 68 :ugogirl:[/quote]Sorry to burst your balloon. Once upon a time, striking toto (1st prize, not accumulated type) will get you a nice apartment in Orchard Road. The same act will not even get you a resale HDB flat in Tanjong pagar.

But still, the extra peanut will come in handy. Good luck!

[Pen88n]

hquek:

Pen88n:

[quote=\"duriz\"]
:faint:

I think our generation very 惨, 上养父母，下养孩子. Cannot depend on kid to feed us in future as their standard of living will be so high. Even coffin $$ must prepare for ourselves.

So must to strike toto......meantime must go back to work and work hard till I strike toto or till 68 :ugogirl:

Sorry to burst your balloon. Once upon a time, striking toto (1st prize, not accumulated type) will get you a nice apartment in Orchard Road. The same act will not even get you a resale HDB flat in Tanjong pagar.

But still, the extra peanut will come in handy. Good luck! [/quote]Ok, I pray to strike a few more \"peanuts\" then.....