Time for a universal pension scheme for all Singaporeans

Many Singaporeans in the sandwiched middle class have been squeezed left right and center by our populist government. GST is going to be 9% soon. Water prices are going to go up and MRT fares are also going up. Do we really think with so much increase in population, SMRT is unable to make a profit? So back in the days where SMRT were making profits, why didn’t they use those money to invest in infrastructure, instead of giving out big bonuses and dividends. Now when they need money for expansion, they take free money from our government, which is taxpayers money, and also increase fares. When they finally turn a profit, will they use this to invest in rail reliability and tracks? No! They will just pat themselves on the back and pay out more executive bonuses and dividends. No issue, Singaporeans are always available to bail them out if they lose money.

That is not all. While the government has done much for the poor and the rich, the sandwiched class is now suffering. Our pay have not gone up, unemployment has been plaguing families and now we face high water prices, transport prices and GST rises. However, the $300 GST rebate is unavailable for many middle class Singaporeans. Many of my working class friends are unable to pay for both their children and their parents, and their parents are unable to qualify for the ComCare assistance as their household income is not low enough. However, they do not understand that many have to pay for expensive lessons for their children nowadays, as well as paying for domestic helpers. With so many mouths to feed, the sandwich class is not struggling to give money to their parents.

The government claims it cares about inequality and yet it does nothing to help the sandwich class. There is no pension for elderlies in need, as many elderlies have children with their family commitments, who are torn between paying for their parents and taking care of their children. It is not easy to balance between family commitments like household expenses, housing loans, car loans and domestic helpers’ salary and food, on top of expensive lessons for young children, as well as money for own’s parents. The government should give a universal pension for all elderlies as taking care of the elderly is a form of welfare expected, just like in European countries. Instead of relying on outdated notions like filial piety and “Asian values”, which are excuses to push the responsibility of taking care of the aged back to our burdened working class, the government should be more compassionate and give a universal, non-means tested pension of $1,000 to all elderlies above 65. This will be on top of CPF, as CPF has proven to be inadequate for more than 75% of Singaporeans.

The reason is because this will prevent Singaporeans from relying too much on the state, as it will be given to all, so it will not erode work ethic and the poor may still want to work in order to get higher payouts from their CPF. This will also be fair to the hard working Singaporeans who will receive $1,000 too, as they have contributed more taxes to it and will not be penalised for working hard, unlike the current ComCare scheme, which penalises middle class families for working for their own income. Even though rich people will also receive it, they have paid more than their fair share of income taxes and they will not feel penalised if the $1,000 is available for all. To be fair to everyone, the pension should be funded by a 5% pension tax, capped at $200 a month to ensure that our salaries remain competitive and we do not punish the hardworking middle class for working harder.

This pension will benefit many Singaporeans, from the poor to the sandwiched middle class, as the burden of providing for their parents will be borne by the state, and allow them to have more resources for their children. My friends have been complaining about the expensive air tickets for a holiday, especially when he considers that his parents have to be brought along, and a pension will allow many elderlies to go overseas and enjoy their retirement too. I wish our government will implement this to benefit all Singaporeans and build solidarity, and ensure every elderly do not have to pick cardboards in their old age.

 

A frustrated sandwiched class Singaporean

 

 

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25 Responses to “Time for a universal pension scheme for all Singaporeans”

  • John Lim:

    It’s a socialist concept. It sounds nice, but it never works!

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  • Darth Vader:

    Dear frustrated sandwiched Singaporean,

    Why come here to complain for? The answer to your problem is very simple. Talk to everyone you know who feels the same way you do and tell them this one very simple solution: VOTE THE PAP OUT OF OFFICE! Don’t follow the dumb idea that “oh, just deny them 2/3 majority is enough…” It is NOT enough! ALL the pap needs to pass legislation is 50% + 1 vote in parliament. The ONLY thing denying them a 2/3 majority does is it stops them from amending the constitution to their own whims and fancies. You REALLY want to stop them passing legislation, deny them any kind of majority

    You really want to solve your problems, do this. Just grab whatever lollipops they give you and still vote against them anyway. If you still feel obliged to vote for them simply because they hand out pre-election goodies, you DESERVE all the shit you get from them

    No ands, ifs or buts!!!!

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  • Ah tan:

    Wild board population grows because

    It got no natural predator.

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  • oxygen:

    CPF IS NOT PEASANT AH SENG’s money, we were told. Ah Seng also paid expensively for the land on which their leasehold housing accommodation sits – in effect, Ah Seng is lessee of flat and a tenant squatting on the land.

    IT IS ONLY FAIR TO RECOMPENSATE AH SENG in retirement of a monthly non-means tested living pension of $1,000 per month.

    THE TRAFFIC NEEDS TO RUN IN BOTH DIRECTION, OTHERWISE THE VOTERS WILL CLOG UP ONE END OF THE JOURNEY DESTINATION OF VTO.

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  • Know Your Position:

    Minimum pay and pension only for self entitled greedy ministar Pappies.

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  • TruBlu:

    Does he really care?
    Many sgs including former PMEs are oredy broke after depleting their little savings.
    With CPF getting withheld,many may have to sell their houses in order to continue living in this HIGH COL city.

    Still, this bloke boasts about his JEWEL n intends to build more of such JEWEL$ instead of helping the jobless n needy sgs.

    We need compassionate leaders not egoistic ones.
    We need true leaders and not FAKE LEEder$.

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  • Boh Kia See:

    Your only option is to ensure that the PAP is removed from office. if not what you mentioned is only a pipe dream.

    The purpose of CPF, as I understand it, is as a pension fund. It has been tinkered with and now it is just a pool of money for the likes of GIC and Tumasick to use. Originally, CPF is your money. Now you don’t hear about it anymore because it is now in the “grey’ area as the PAP can decide when and how you can get your hands on your own money.

    This area of pensions and CPF needs to be overhauled and reviewed from the ground up.It will require a fresh pair of eyes and hands. The PAP cannot do the review as they have vested interests in this and many areas. That is why you need to make sure that the PAP is removed at the next opportunity in order to have a chance of having your wishes come true.

    The PAP is still tinkering with the system not realising that it is now a bohemoth that will eventually consume the population through its complexity.

    Lately, the Clown announced that early childhood centres will have increase in funding. In my view, it will benefit the PAP run pre-schools Centres. So at every turn, the PAP has vested interests therefore they cannot make policy decisions in an objective and impartial manner for the benefit of the country and people.

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  • TUCK WAN:

    You think this is possible ? Maybe if the 1st generation PAP is still alive.
    Dream on…..

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  • If not VTO high hope:

    PAP is filled of greed n state funded self gratification n self glorification. If they aren’t removed, what u hope is just hopeless n what you need is never in their agenda. Evidence is aplenty: fanatic import of foreigners to displace u from your jobs n your children from university. If u don’t vote them out soon, LKY told u the truth u will not be labour n maids in foreign countries but what he didn’t say is that u will be so in your own homeland cos all the SIN rich n powerful will be able to take your millions n got off like the Viets rich n powerfuls when the tyranic regime was booted out.

    The uni student petitioner for public financial support to seek justice is not an isolated case. What they do not know is their face n display of wealth m power r more impt than justice. That is why they need such a humongous harem of plps now on accelerating conversion to KHB signalled by LHY LWL sudden shock of the evil of their proficient fart consumers when they were prince n princesses n now their realization n return to realty n conscious of impending dynasty change aka plps to KHB harems.

    Dr Chee was sacked on the reason of misuse of research grants. But all uses of research grant have to be approved by his Head of Dept n by the Dean of his Faculty. Should there be misuse, the Dean, Head n the researcher are responsible in that order with the Head n Dean not fulfilling their responsibility. Incidentally Chee’s Head of Dept was a PAP MP n the Deanwas well known among the community as an avid plp. So in the same line of argument of Minister Indranee while she was a mere minister of state rationalizing career success negating conflict of interest in the AG appt of her boss lawyer, in Chee’s sack, PAPplp n MP status negating deliverance of justice in SIN PAP regime.

    So this is why LKY publicly denounce Singaporeans as DAFTs but he is right in Christian faith. The Earth belongs to the wretched n poor. But r there here to bear the yoke of the sinners Jesus came to save. No wonder the oath sworn on their faith mean nothing to the ministers, president n the powerful plps in high offices!

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  • Overworked:

    Pay 20% CPF, now pay another 5% “pension tax”

    why penalise Singaporeans even more? Stupid article, just want to tax us more and more, when we are already paying 20%, on top of taxes

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  • Wishful Thinking:

    The writer must be joking! If they give a pension to Sinkies (which many many govts all over the world do), they will have less money left to enrich themselves, their relatives, and cronies. A pension will never happen under this Govt.

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  • Real Atas Class:

    Still can think of holidays. Priority all wrong in this article or maybe it is time to put it right by raising more GST.

    “My friends have been complaining about the expensive air tickets for a holiday, especially when he considers that his parents have to be brought along, and a pension will allow many elderlies to go overseas and enjoy their retirement too.—–A frustrated sandwiched class Singaporean”

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  • Merdeka Gen:

    @ A frustrated sandwiched class Singaporean

    WTF. Many elderlies are subsidizing for their children instead. And you KowPeh about supporting them? You deserved it!

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  • China pension scheme:

    China retirement age as follows :
    1. Makes 60 only.
    2. Female civil servants 55 only
    3. Females 50

    Their pension schemes are not complicated like Singapore cpf monster so complicated that it seems like a flawed bad design.

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  • why be frustrated?:

    you have a choice all these years including 2015 and soon 2019.

    you vote OPPO, and let New Government form. then, problem solved.

    you vote pap, you get frustrated while pap S$m Ljs and pap S$m Cbs all very busy enjoying their S$m ownself justify ownself standard of living.

    why be frustrated when you have a choice? you asked for it. PERIOD.

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  • PC Ong:

    Wah, such a blatant request for handouts. Please lah, our water prices, transport prices, and GST are nothing compared to what other developed countries are paying. Our disposable income is so much higher than them also. Who say our middle class don’t have enough to spend? They can afford everything from children tuition to expensive holidays. And they can still afford to save a lot of their monthly income. You say CPF not enough for retirement but forgot that most Singaporeans have a lot of cash savings for their retirement. CPF payments only help to complement their income but is not their main source of retirement income. Finally, you want higher pension mean you better pay higher tax. No thank you!

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  • DavidNeo&IreneVanessa:Bastards:

    Just release the CPF due to citizens.

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  • Flight:

    This is logically sound. It’s not a handout. A middle class without spending power is bad for the overall economy so i agree with this idea.

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  • USA copy SG policy - Be Proud:

    PC Ong:
    Wah, such a blatant request for handouts. Please lah, our water prices, transport prices, and GST are nothing compared to what other developed countries are paying. Our disposable income is so much higher than them also. Who say our middle class don’t have enough to spend? They can afford everything from children tuition to expensive holidays. And they can still afford to save a lot of their monthly income. You say CPF not enough for retirement but forgot that most Singaporeans have a lot of cash savings for their retirement. CPF payments only help to complement their income but is not their main source of retirement income. Finally, you want higher pension mean you better pay higher tax. No thank you!

    Clap, clap.. well said PC Ong.

    I had already said Opposition supporters are mainly made up of the lazy and unmotivated losers who simply do not want to work but just demand for handout as if we PAP millionaire own them.

    Really FT in SG are of much better quality
    than local Singaporeans because FT are self reliance, self sufficiency after they finished PAP sponsored undergraduate education here.

    PAP.GUARANTEE.WIN.GE2019/20

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  • Laptop Lee:

    PC Ong:
    Wah, such a blatant request for handouts. Please lah, our water prices, transport prices, and GST are nothing compared to what other developed countries are paying. Our disposable income is so much higher than them also. Who say our middle class don’t have enough to spend? They can afford everything from children tuition to expensive holidays. And they can still afford to save a lot of their monthly income. You say CPF not enough for retirement but forgot that most Singaporeans have a lot of cash savings for their retirement. CPF payments only help to complement their income but is not their main source of retirement income. Finally, you want higher pension mean you better pay higher tax. No thank you!

    Nonsense!
    COE alone makes you poorer.
    Don’t anyhow smoke people.

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  • Pejorative Conniver Ong:

    Is this Ong an IB mutant amongst singkies? I’d like to place you at bull’s eye on the ground level when suicidal grannies and grandpas drop down from the buildings.

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  • Rabble-rouser:

    Proof that the S’pore General *sic* Erection is just around the corner.
    PAP IBs coming out of the woodwork [after hibernating] – I think that there could be extra incentives this time around on top of their regular 50 cents per post fee.
    There are 4-5 of these guys/gals flirting around like Karaoke hostesses on the Butterfly system within TRE. Ha-ha-ha-ha!TRE

    * PAP.GUARANTEE.WIN.GE2019/20 [Rubber tapper, Durian picker]
    * PC Ong
    * TL Tan
    * “I am Legion” (guy/gal who always keeps changing moniker/name handle to fit topic but too fearful to reveal a fixed name handle because can’t rebut our arguments, only an attack puppy – woof, woof!)

    On top of that, there always CI & his good buddy, “Golden Chain” Tan with their PAP-laced articles to flummox our common sense & instincts.

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  • Overworked:

    Rabble-rouser:
    Proof that the S’pore General *sic* Erection is just around the corner.
    PAP IBs coming out of the woodwork [after hibernating] – I think that there could be extra incentives this time around on top of their regular 50 cents per post fee.
    There are 4-5 of these guys/gals flirting around like Karaoke hostesses on the Butterfly system within TRE. Ha-ha-ha-ha!TRE

    * PAP.GUARANTEE.WIN.GE2019/20 [Rubber tapper, Durian picker]
    * PC Ong
    * TL Tan
    * “I am Legion” (guy/gal who always keeps changing moniker/name handle to fit topic but too fearful to reveal a fixed name handle because can’t rebut our arguments, only an attack puppy – woof, woof!)

    On top of that, there always CI & his good buddy, “Golden Chain” Tan with their PAP-laced articles to flummox our common sense & instincts.

    Who is CI and Tan? Tan KL?

    Ong is an IB for sure. Blaming sinkies instead of his paymasters

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  • oxygen:

    @ USA copy SG policy – Be Proud:

    OI OI OI, IT IS UNCOOL TO SUDDENLY CHANGE YOUR MONIKER to hide your identity. Go back to Bohlehland and tap your rubber trees!

    Ah Seng’s CPF and HDB got taken from them under his nose.

    So don’t try to bluff Ah Seng with your FOBS (full of bullsh*t).

    USA copy SG policy - Be Proud: Clap, clap.. well said PC Ong.

    I had already said Opposition supporters are mainly made up of the lazy and unmotivated losers who simply do not want to work but just demand for handout as if we PAP millionaire own them.

    Really FT in SG are of much better quality
    than local Singaporeans because FT are self reliance, self sufficiency after they finished PAP sponsored undergraduate education here.

    PAP.GUARANTEE.WIN.GE2019/20

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  • oxygen:

    @ Rabble rouser

    SPOT ON, mate.They are shy to own up even to one anchor name!

    This mob is just FOBS (full of bullsh*t)

    Rabble-rouser: * PAP.GUARANTEE.WIN.GE2019/20 [Rubber tapper, Durian picker]
    * PC Ong
    * TL Tan
    * “I am Legion” (guy/gal who always keeps changing moniker/name handle to fit topic but too fearful to reveal a fixed name handle because can’t rebut our arguments, only an attack puppy – woof, woof!)

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