CPF is not a PENSION FUND
It is a compulsory savings account started by the British government in 1955 when Singapore was a British Colony
Retirement age then was 55 and we were allowed to withdraw our lifetime of hard-earned compulsory savings when we reached 55 years of age
In 1968, the PAP government allowed citizens to buy HDB flats using their CPF
One could buy a 3-room flat for $4,500.00
Today, a 3-room flat costs more than $183,000.
The great CPF scam
In 1987, PAP introduced the Minimum Sum scheme, without consulting citizens, the rightful owners
Over the years the PAP devised more immoral legislation until now, citizens can only withdraw monthly in miniscule amounts from the age of 65
Prime Minister John Key
In 1995, he joined Merrill Lynch as head of Asian foreign exchange in Singapore
Then he was promoted to Merrill’s global head of foreign exchange, based in London
And collected his CPF Savings from the Singapore CPF Board tax-free
John Key WALK the TALK please
You have collected your CPF savings from the Singapore government,
The Singapore government releases MONTHLY CPF SAVINGS only to –
Singapore citizens while ALL other nationalities are returned their CPF savings in full.
John Key, why is your Singapore CPF money YOUR savings money,
And a Singaporean’s CPF savings becomes NZ WINZ’s pension?
Is this a FAIR GO?
Is this the Kiwi way?
Is this doing the right thing?
John Key, in your speech at the UN General Assembly, you said,
“We got to do the right thing” – about Syrian refugees
Your CPF savings are in your bank account, but a Singaporean’s CPF savings become WINZ’s account
So, you have collected your CPF savings from Singapore,
You have no concern for what is RIGHT and WRONG.
So, when are you going to WALK the TALK?
TALK is easy, anyone can do it,
But, CAN YOU WALK the TALK?
You grew up in a STATE HOUSE and now you are SELLING off the State Houses.
Do you have a CONSCIENCE?
John Key, please do the RIGHT thing,
Better than pretending to know what’s wrong and what’s right
A wrong can never be right if it is wrong
Section 70 of the SSA was never enacted nor designed to make lies sound truthful
Your devious Chief Executive of the MSD is making NZ the laughing stock of the world – defining CPF Savings REFUNDs monthly as, “in the Ministry’s view, mean that they can be seen as a periodic allowance”.
“Oh what a tangled web we weave, when first we practice to deceive”
Sir Walther Scott.
Equality before the law is forgotten
But LIES eventually leak out
And Social Justice will prevail
That credentials on the wall
do not make you a decent human being
Please watch the PowerPoint presentation below –
CPF is not a PENSION FUND