Major CPF policy shift on the way

[Fish Head]

1. SELF SUFFICIENCY IN WATER, FOOD AND ENERGY.
2. Balancing the Budget year after year.

These are key things about surviving of Singapore as a nation. But for most of people outside there, they are not understandable.

This forum is a rare space that can find many people outside the government understand the biggest national challenges. The rest of forums are mostly full of noise.

[MINX]

1. SELF SUFFICIENCY IN WATER, FOOD AND ENERGY.
2. Balancing the Budget year after year.

These are key things about surviving of Singapore as a nation. But for most of people outside there, they are not understandable.

This forum is a rare space that can find many people outside the government understand the biggest national challenges. The rest of forums are mostly full of noise.

The group most affected by these issues are the poor and lowly educated, they are the ones feeling the immediate pain and impact from these policies. They do not have the luxury of buffers to buy time to sit back to ponder the long term effects, theirs is the daily bread and butter survival issue, the noises we hear are pleas for help from the government and the change of tack by the government to listen to these noises and tweak policies bodes well for Singapore, I feel.

[Contrarian]

1. SELF SUFFICIENCY IN WATER, FOOD AND ENERGY.
2. Balancing the Budget year after year.

These are key things about surviving of Singapore as a nation. But for most of people outside there, they are not understandable.

Water We have Solved the Problem. Food we have improved a lot.

Self Sufficiency in Energy - This is the competitive advantage that will draw the foreign investors here.

Without food, inflation will jump.

All 3 will be critical factors of competitive advantage.
Plus a strong stable currency will ensure MNC profits do not get wiped out. You see some neighbouring countries, the FDI profit gets wiped out by currency devaluations.

[Freenasi]

Our Cabinet is full of people nmp/mps/mayors/ministars..etcs, with many many directorships, etcs... who will never-ever need the minimum sum, what 160k??/200K?? to them?!! small ka-chings!!... be'cos their remuneration package is so much MORE!

talk about blind spots sia!

This is true. I jus happened to look at Situ Yipin profile of directorship. Wow, with so many directorship involvement, does he have time to walk the ground and perform his mp's duty proficiently.

[Fish Head]

1. SELF SUFFICIENCY IN WATER, FOOD AND ENERGY.
2. Balancing the Budget year after year.

These are key things about surviving of Singapore as a nation. But for most of people outside there, they are not understandable.

This forum is a rare space that can find many people outside the government understand the biggest national challenges. The rest of forums are mostly full of noise.

The group most affected by these issues are the poor and lowly educated, they are the ones feeling the immediate pain and impact from these policies. They do not have the luxury of buffers to buy time to sit back to ponder the long term effects, theirs is the daily bread and butter survival issue, the noises we hear are pleas for help from the government and the change of tack by the government to listen to these noises and tweak policies bodes well for Singapore, I feel.

I don't think they are so poor. From what I observed the biggest noise comes from middle income who intend to enjoy living standards of the rich, but not willing to sit down to take care of their own financial health.

[Temperament]

1. SELF SUFFICIENCY IN WATER, FOOD AND ENERGY.
2. Balancing the Budget year after year.

These are key things about surviving of Singapore as a nation. But for most of people outside there, they are not understandable.

This forum is a rare space that can find many people outside the government understand the biggest national challenges. The rest of forums are mostly full of noise.

The group most affected by these issues are the poor and lowly educated, they are the ones feeling the immediate pain and impact from these policies. They do not have the luxury of buffers to buy time to sit back to ponder the long term effects, theirs is the daily bread and butter survival issue, the noises we hear are pleas for help from the government and the change of tack by the government to listen to these noises and tweak policies bodes well for Singapore, I feel.

I don't think they are so poor. From what I observed the biggest noise comes from middle income who intend to enjoy living standards of the rich, but not willing to sit down to take care of their own financial health.

i think you have your point. On the other hand the if the weakest and poorest group among us decided to take matters up (take the problems into their own hands), i think our society is at its collapsing point. No?

[Art or Science]

It depends on definition of poor. To me, there are poor people around but these folks for one reason or another, seldom make any noise about the situation they are in.

Perhaps, G is finally willing to give the poor more of a helping hand - in the form of Silver Bonus for the old and poor.

A bit of a shift towards Scandinavia's Nordic model?

[viruskbs]

most of the announcements in NDR cannot be considered as Major policy shifts. I would rather term them as tweaks to the present system to placate the noises.

if the previous version was CPF2.0, with present tweaks I would call it CPF2.1,

It seemed more like treating the symptoms & letting the body rot in disease.

[corydorus]

National Rally 2014 speech touches CPF and Financial Planning. I am in full agreement that the issue is not minimum sum but sustainability to support retirement through CPF commitments. Leaseback extends to 4 Room is good news. I hope this can be extended to all properties.

Aside, overall i am please with the high quality presentation. Kudos to the team. Constantly reminding myself not to take this for granted. I feel proud to be a Singaporean.

btw i did not vote for this gov last time. I will review my decision again in the next on how effective the Property Curb measures.
They screw up big time in the supply imo. Is important we do not live off from our future generations.

[Temperament]

Lease back is not so advisable or suitable by most financial standard practice if i am not mistaken. It is usually for people who has no legacy or "no more road to walk." Like you need a large sum of money for emergency (hospital bills-touch wood), you really got no choice. You might even sell your house and live on the street, if you have too. Then the G may be forced to do something for you.

i hearsay it is not so popular, if they can they usually choose an alternative.