The Sin Of CPF

I am sick. I'm very sick of the continual submission, gratitude and fear that PAP expect of us, the poor commoners of Singapore.

I just read about the sinful extortion of $3.14 on the poor sick by CPF here. [Link] Being an old fogey with a heart condition who visits Polyclinic regularly to stay alive, I too am a victim of such humiliation and financial loss. When I asked the the Polyclinic staff why I'm being penalised, she told me that it's CPF, not MOH, that gets to keep the admin/processing fee. Whoever gets to keep the $3.14 does not matter.

Imagine: I have been beaten up with parangs by CPF and/or MOH. They have chopped off my legs and left me incapacitated. (Make me pay CPF and Medisave). With no legs, I cannot walk. (I withdraw the $100 from Medisave to pay for my Polyclinic charges)  CPF/MOH then forces me to rent crutches from them so that I can walk (Pay admin/process fee of $3.14). Yes, I may sound like a Drama Grandpa, but baby, the truth hurts!

When I started worked in the 60's, I was told that I had to surrender 25% of my hard earned salary to CPF. Likewise, my boss bitched that he had to part with the same 25% too. However, we were comforted in knowing (then, not now!) that I'd be receiving and enjoying a lump sum in saving when I retire at age 55.

Fat Hope!

From the 1960's till now, the leeching CPF has changed the goalpost so many times that most Singaporeans (apart from Lim Swee Say [Link]) do not know where their CPF saving is going to. It used to be 'getting it all when you retire at 55' but now we are fooked by the following scamming schemes (or is it scheming scams? ):

1. Ordinary Account:
2. Special Account: (You Can't Touch This Till They Say You Can!)
3. Medisave Account: (You Can't Touch This Till They Say You Can!)
4. Retirement Account: (You Can't Touch This Till They Say You Can!)
5. Minimum Sum:  $131,000 (1 Jul 2011)  (You Can't Touch This Till They Say You Can!)
6. Medisave Required Amount: $32,000 (1 Jan 2012) [Link]  (You Can't Touch This Till They Say You Can!) When can, you fooking pay them a processing fee of $3.14!

We are such peaceful blokes that we do not question the actions but it is kind of jarring to note that decision makers in CPF simply suka suka decide the amount and time when we can enjoy what is due to us. It is only when we read in msm (usually in December) that we know that we've been fooked! Just who the fook are these decision makers anyway?

They tax you through your income, GST, ERP, levies on maids and what-have-you! They belly ache and make a song and dance of their ministerial salary "sacrifice" [Link]. Isn't that enough? Why the need to tax on the sick?

I may be wrong but this #$3.14 Medisave Outpatient Treatment Processing/Admin Fee can be a scam to discourage us from using CPF Medisave, hence prevent us from depleting lee funds that lee investors in Temasek and GIC can play with.  Possible?

If Health Minister Gan or any of his cronies is reading this, please be kind. $3.14 may be chicken shit to you but it means much to others! I hope you can hear the people sing. [Link]

Looking back, it was this CPF "unreasonableness" and the contemptible character of Ng Eng Hen  *[Link] in 2007 that got me started in blogging. Time flies!

feedmetothefish

UPDATE:
# If CPF Board is operating like bank or credit cards companies to maximise its profits, just who is benefiting from it?  Below extracted from Health Promotion Board [Link]
Q22.Will I have to pay a fee for using Medisave for my treatments under the Chronic Disease Management Programme?
Ans: You may be charged a fee for the processing of each Medisave transaction by the CPF Board. As with all billing, credit card or banking transactions, it costs money to process each Medisave transaction. This fee is levied on all institutions, which may choose to absorb them as part of their running costs. If they are charged to patients, CPF Board requires that it be itemised clearly in the bill. This processing fee has to be paid in cash and is not deductible from Medisave. For more information, please check with your clinic.

* For the benefit of non-soccer fans, the last para of [Link],"My problems may have been less if the returns in my CPF had been on par or better than Malaysia’s EPF. Maybe part of the interest that could have been mine has ended up in the purchase of Manchester City Football Club. Am I a co-owner now?" please note that Temasek Holdings lost much in ShinCorp and this was followed by then Thai PM Thaksin Shinawatra buying Manchester City Football Club.