Remember the time when the “Return My CPF” and “Vote them out” fever was so high?
Multiple protests were organised at Hong Lim Park as speaker after speaker lambasted the Government for holding back people’s money, for not keeping their promises and for losing their money. All kinds of claims were made about the retirement sum, minimum sum and so on.
There was even that shocking protest when innocent, special needs children were frightened by the shouts and march of the infamous gang.
We have since left those days behind us.
They woke up to the realisation that CPF was made a whipping boy by those with an agenda against the Government. They realised they were used. Fortunately, for most of them, the realisation did not come too late.
The ‘return my CPF’ fever has been replaced by a ‘I’m topping up my CPF’ fever that refuses to be abated.
This is $84 million higher than the amount received for the same period last year.
One in four who made top-ups for themselves or loved ones this year has been doing so for at least three consecutive years!
“I started making yearly top-ups to my mother’s CPF a few years ago as it is a good way for me to take care of her. She can enjoy a stable stream of monthly payouts for life and at the same time, it gives me tax relief,” he explained.