Kena Trick
As I read this article: No Go For CPF Reversal Bid, I couldn’t help but remember what my ex-colleague said to me once.
"I’m the last batch of teachers from the pension scheme. After me, all the other teachers have CPF"
I’m not sure if she was from this same batch of people who want to revert back to the pension scheme. Long ago…back in 1973, civil servants were given the option to convert from the pension scheme to the CPF scheme. The GOOD thing about the CPF scheme was that you can actually use your CPF to pay for your housing! WOW!!!
So these people, thinking that the CPF is better than the pension scheme signed up for it. Now…they want to revert back to the pension scheme. Why huh?
Is it because with the pension scheme, they will get a monthly sum and lifelong free medical charges? That sounds a lot better when than the ability to pay for your housing loans.
Now I wonder…if these people are so desperately trying to revert to the old pension scheme, what about people like me who have no choice in the first place?
Does this mean that the CPF is not as good as the pension scheme? Then how come we are using CPF now? So that I can pay for my house? You mean without CPF cannot pay for my house? Then what is it about the CPF which makes it better than the pension scheme huh? Its got to be better right? Since we’ve dispensed with the pension scheme and we’re all now using the CPF? Right?
*Blink Blink*
But how come those old people want to revert back to pension huh? And how come my ex-colleague is proud of the fact that she’s on the pension scheme instead of the CPF?