Clifford Theseira, 72, has earlier wrote on his Facebook page relating that he is only getting a monthly payout of $575 from CPF Board.
He also revealed that he has to work as a Grab driver as the payout was not enough for him and his wife to survive. However, due to his old age, he was unable to drive for long hours.
In addition, he attached a letter from the CPF Board, informing him that he needed to make his MediSave contributions, which amounted to $595.
If he did not top up his MediSave, he would not be able to renew his driving license, and risk affecting his CPF payouts as well.

His post went viral prompting CPF Board to respond on Sunday (27 Oct).
The Board said the man, Mr Clifford Theseira, had not told the full story. It rebutted Mr Theseira, “Mr Theseira had withdrawn a total of about $140,000 from his CPF since turning 55. If Mr Theseira had not done so, his monthly payout could be more than $1,000 per month.”
“In addition, Mr Theseira co-owns a 5-room HDB flat which is fully paid up.”
CPF Board also said that Mr Theseira could contribute his Medisave monthly via Giro and added that the Giro payment would amount to less than 1 per cent of his monthly income.
“As long as he makes regular CPF contributions, which is no different for all other workers, he will be able to renew his licence when it becomes due in July next year,” it said.

No CPF payouts from 55 to 65
Of course, the CPF Board did not disclose that from 55 to 65, there is no payout from one’s CPF Life. To survive, one will either have to work, assuming he can find a suitable job at the age of 50s to 60s, or to start using his withdrawn CPF funds from 55 to 65 to survive.
Assuming Mr Theseira used up the $140,000 from 55 to 65 before getting his monthly payouts of $575 after 65, on average, he would be surviving on $1,170 per month for both himself and his wife during the “lost decade”.
This is, in fact, a sum already less than the minimum $1,379 a month by a study for a single elderly aged 65 and above, in order to attain a “basic standard of living” in Singapore (‘Study finds older singles need $1,379 per month‘).
 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
You May Also Like

Human Rights Focus Week extended

TOC extends HR Week, by popular request.

舆论:闭门会议谈话泄露– 本来无良誉 何惧损毁?

人权律师、前政治拘留者张素兰: 对于闭门会议谈话内容泄露,新加坡中华总商会会长黄山忠发表的声明把我逗乐了。信函中他担忧泄露事故会影响该会“崇高声誉”,也对有关偷录音会员的行为表达失望,事件恐影响部长和商会之间的信任。 请允许我在这里给会长先生一些安慰。 别担心被泄露的音频。私人会议上录音政府也常做,贵会会员的行为并不可耻。 其中一例,就是80年代,我在新加坡律师公会一项私人特别大会上发表的致词被未经许可录音。我的演说被秘密录音并逐字转载给当时的总理李光耀先生。1986年的律师专业法令修法,后者试图在国会特选委会听证会上诋毁我(尽管没有成功)。 所以会长先生,别担心。如果政府对待专业团体如律师公会,也可以表现如此卑劣,且在我看来前者比你的商会重要得多,我想贵会员泄露音频的行为相比下算是循规蹈矩了。 再者也不用对于贵会员可能拉低商会声誉感到遗憾。您和商会可能对贵会的“崇高声誉”过于自负。对我而言,贵会对于普通老百姓无所建树。实则贵会只对有钱有势者阿谀奉承。让我举例您如何让老百姓失望。 贵会有座富丽堂皇的礼堂,以贵会创始人暨知名慈善家和社运份子陈嘉庚命名。是开放予会员和民众租用的。 2015年,我代表我的协会–功能八号氏族会租用该礼堂,为陈嘉庚的外孙傅树介的著作《活在欺瞒年代》办推介活动。我付了510元抵押金。数日后我却被告知,贵会理事不让我租用,且没告知理由。 我立即写信给商会希望贵会重新考虑这不明智的决定。我把信件拷贝并电邮给所有有电邮邮址的理事。然而拥有“崇高声誉”的贵会却不屑回应和解释理由,为何不让贵会创办人外孙,在以其外公命名的大礼堂内办著作推介礼。 拜托会长先生,不用再去调查谁泄露陈振声部长的谈话内容啦。就我所知贵会也没有声誉。而且我知道,群众根本不在乎。 (译自原文:https://www.theonlinecitizen.com/2020/02/20/dont-worry-about-damaged-reputation-from-the-leak-audio-recording-of-minister-chans-rant-for-you-have-no-reputation-to-begin-with/)

黄埔小贩也申诉富食客接手后运营成本增

2016年11月20日,环境局宣布委托职总富食客合作社,作为七座小贩中心的新管理代理。环境局根据观察,职总富食客自2014年来管理勿洛小贩中心“运作良好”,而作出以上决定。 目前,由职总富食客管理的七座小贩中心如下: 大巴窑大牌75 旧机场路小贩中心 黄埔通道第90座小贩中心 黄埔通道大牌91小贩中心和大牌92巴刹 义顺忠邦小贩中心 兀兰71通道第676A 座小贩中心(新) 巴西立中路小贩中心(新) 环境局指出,勿洛小贩针对富食客的管理、对小贩反映的回应、可负担食物价格和干净环境等事项,给与正面的反馈。 黄埔通道90座小贩中心 …

Indian national being investigated for participating assembly without permit

The police is investigating a 32-year old Indian national for participating in…