Wednesday, August 22, 2007

CPF Changes

So the government decided to tinkle with our CPF interest rate. So from now on we have a 
whopping 1 percentage point more!

Although most of your principle CPF money already went to paying for the sky price HDB flat that you don't get to own at all, the 1% will still apply to whever residue you have in your account!. 

The extra money will definitely help us to get a better cane or wheelchair. Can only choose one, can't afford both.

And not only will the government help to safeguard your CPF even longer, they will let you buy annuities. So you give all your CPF to the insurance company and they give you a lower monthly sum.
And this is for the REST of your life unlike CPF 20 years!

With this, I'm quite sure we would also alleviate the problems of poor and old people jumping onto MRT tracks too.

But what if you die earlier than 20 years. Then how?

I propose the insurance companies have special package for those with lower longevity risk. 
If you die within 10-20 years, you will get a queen size coffin with 20 tables. F&B, performance all included plus free shuttle to mandai in special only for coffin mercedes benz. A 5 room HDB will be burnt for you.

5 - 10 years you get upgraded to the gold package. All of the above + a getai with a singer of your choice will be included! Performance included oldies singer, pop songs singer or hip hop dancers. House is upgraded to a Condo with gym and pool facilities.

Less than 5 years you will become a VIP. Platimum class. Not only will you get to live in your dream bungalow but you will also have your private jet!

All the luxuries that you can't afford even if you could take out all your CPF!

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