MPs offer ideas to improve CPF

[HitandRun]

Actually, I don't intend to rely on CPF fully for my retirement and I tend to treat CPF as a riskless reserve.

I think you hit the nail on the head and I would like to make some observations:

1. In fact, all the folks that I know do not solely rely on CPF fully upon retirement.
2. People who rely solely on CPF to fund their retirement, I suspect @ < 10%.
3. X years ago when one can fully withdraw 100% upon reaching 55, we hear stories of folks squandering away their money. However, I have never seen Govt giving a % of that but I suspect that number is < 10%.
4. Given points 1, 2 and 3, why does Govt have to then punish the rest of us when only the minority are irresponsible, tyranny of the minority?
5. Govt hit a watershed year in 1984, losing 12% of popular vote, due to Howe Yoon Chong's report on raising CPF withdrawal age to 60.
6. Govt thought that by changing it to a minimum sum, voters will feel less emotional and CPF becomes a non-issue.
7. However, due to the inflation in the past few years, minimum sum inflation also quite high.
8. Current response to CPF topic shows that a lot of emotions still at play.
9. Given point 4, why Govt wanna lose votes over something not so important ah...?