Govt says:you can borrow money from yourself if unemployed
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Plans to help older low-wage workers
SINGAPORE: A workgroup set up by government feedback portal REACH, which looked into manpower issues, has recommended better support programmes for low-income workers who are above 65 years old.
It recommended an unemployment credit, in which a worker who has been laid off can take a loan from his Central Provident Fund (CPF) account for three months.
The loan amount would be determined by the last-drawn salary of the worker, and would be subject to a cap of three months.
To fund the scheme, workers would contribute one per cent of their monthly income. The government would co-fund the scheme by making the same amount of contribution.
Those earning below S$1,000 may be exempted from contribution, with the government paying the full amount into the account.
The loan has to be paid back upon employment.
http://news.xin.msn.com/en/singapore...mentid=4628491Geez, did they really think this sort of stuff up while having a dump?
Such a ......
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WTF is that shit?
First disallow CPF withdrawal. Now allow, but you hv to "borrow fr yourself"??
So at wat age really then can take out our CPF monies?????
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And you thought withholding your cpf was bad enough.
Does this constitute "illegal loan sharking" since you are not a legal money lender?
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Originally posted by charlize:
And you thought withholding your cpf was bad enough.
Does this constitute "illegal loan sharking" since you are not a legal money lender?
I think not. Govt acting as yr guarantor loh.
But if you cannot pay back "yourself" or to yr CPF, maybe you will kena charged wif the O$P$ law.... the legal one of course!
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Originally posted by innosaint:
I think not. Govt acting as yr guarantor loh.
But if you cannot pay back "yourself" or to yr CPF, maybe you will kena charged wif the O$P$ law.... the legal one of course!
You spray paint O$P$ outside your own home?
And include your name, IC and hp number?
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i thought it was a hare brain idea in the year of the rabbit but then i supposed not because it is the idea from our elite
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Originally posted by innosaint:
I think not. Govt acting as yr guarantor loh.
But if you cannot pay back "yourself" or to yr CPF, maybe you will kena charged wif the O$P$ law.... the legal one of course!
ha ha ha...... KNN
So gahment will go your house phua chak and put pig's head huh.....?
Or you phua chak on your own house.....?
Ha ha ha ha........ NBCB, their tao nao is all SHIT!!!
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wah lan eh...... can't stop laughing leh....... best joke of the year leh.....
I'm imagining myself borrow money from myself:
ME 1: hi, wish to borrow some money leh ( looking myself in the mirror )
ME 2: how much you wan?
ME 1: wat about 3k?
ME 2: ok, lei bai seow, give you 2900, first installment paid...... give me your ic.
ME 1: thanks, every sunday will come and pay.
ME 2: must come pay, or else lim peh gang kue jiao cho.....
ME 1: ..............
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CPF is such a stupid idea. Just let people manage their own money, and abolish cpf.
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Originally posted by SevenEleven:
i thought it was a hare brain idea in the year of the rabbit but then i supposed not because it is the idea from our elite
I hope they don't charge interest.
Imagine borrowing money from yourself and charging yourself an interest rate.
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Our CPF is for white elephant purposes, just like the scholars we have in government agencies. surely somebody understands!
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Originally posted by unclerexy:
Our CPF is for white elephant purposes, just like the scholars we have in government agencies. surely somebody understands!
How will us commoners understand the minds of scholars?
How?
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spore govt now stands on the stupidity of present batch of sporeans....if they sit still n do nothing or hope for elections then theres no hope for sporeans!
if i wuz spore gov and pap wanna exit outa spore....pap will get another party they helkped form ,,,eg) XYZ party.....this XYZ party will protect PAP or ex pap members for next 50 years or so......
so elections...sporeans dun stand a chance...ESPECIALLY WITH THOSE SPOREANS WHO FEAR AND STILL FEAR DEATH WHEN THEY ARE ALREADY DEAD.
IF THIS IS HOW SPOREANS GO.....I WONDER IF GOD WILL RESPECT THEM ?SURELY SPORE GOVT DUN RESPECT THEIR SPOREANS...LKY EVEN WANTED TO SHOVE HIS SPURS UP SPOREANS HIDES AND SKIN EVEN!!!WOULD U DO THIS TO A DOG EVEN???
SPOREANS.....U BETTER ALL WAKE UP....ITS TOO LATE FOR U ALL ....EVERYONE KNOWS THAT.
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WILL EVERYONE GO VISIT LKY?ITS SIMPLE..U EITHER LET HIM SHOVE HIS SPURS UP YER HIDE OR U GO HOME KEEP QUIET N PRETEND TOMORROW WILL BE BETTER OR CHANGE SPORE FOR THE BETTER.
NOT ALL HAVE ALOT OF TIME TO CHANGE SPORE FOR THE BETTER.IF U ARE 30 YRS OLD...BY THE TIME U CHANGE IT....U WILL ALREADY BE 50YRS OLD.
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oei, spelling ok.
grammar ok.
punctuation ok.
this is singapore, we must go by law, and the LOR is written not in you or MEE, but in english. even if you like to sms alot, you also must remebar 2 use RIGHT punctuaction and RIGHT gremmer and RIGHT sparling.
Ah kong loves u but Ah Kong and God only read emiao in proper written engrish. if u singapolang, then write singrish!
oei! singrish need effort ok!
haiz.
infidels.
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They take the money which rightfully belongs to you in CPF to give you a loan???
They are getting smarter by the days.
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When people fear the government, there is tyranny; when government fear the people, there is liberty.
When the government is rich, the people are poor; when the government is poor, the people are rich.
Kudos to PAP for thinking up ways to "fix us".
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can i have my ma ne bak pls
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Originally posted by βÎτά:
They take the money which rightfully belongs to you in CPF to give you a loan???
They are getting smarter by the days.
i wouldnt use term smart.smart is meant for inventors and for folks like bill gates.the correct term should be evil....not smart!
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so sporeans are all screwed big time for generations?!!!
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http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=180620831888&ssPageName=STRK:MESELX:IT
lee kuan yew's portrait on ebay!
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Animal Farm:
A bunch of pigs was brain-storming of a scheme to help the poor.
The objective of the scheme was not to use a single cent from their fund.
So, they cooked up with a scheme to let the poor borrow money from their own money when they are unemployed and pay back with interest when they are employed.
They will be rewarded for generating a scheme without spending a single cent of their pig funds.
They were oinking their proposal to the media and patting each other on the back for coming up with such a great idea.
Imagine you are 65 year old or older, how much you can earn ? how much you can pay back ? how much you need to survive, not forgetting medical charges ?
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Originally posted by magically magic:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=180620831888&ssPageName=STRK:MESELX:IT
lee kuan yew's portrait on ebay!
ALAMAK!!!!!!!!!!!!!
I wanna buy the portrait but no more!!!!???????
KNN, i wanna buy and put it on the altar and pray everyday!!!!!!
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Originally posted by Ä«Õß:¸ïÀë:
ALAMAK!!!!!!!!!!!!!
I wanna buy the portrait but no more!!!!???????
KNN, i wanna buy and put it on the altar and pray everyday!!!!!!
Have have!!!
But do you have0 US$1 million?
Seriously......I won't even pay SG$0.50.
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The seller is so kind to donate 10% to Red Cross for that crap.