The compulsory annuity scheme is a wise and noble scheme that benefits all Singaporeans. Under this scheme, some portion of the CPF minimum sum is placed in a collective pool that provides monthly payouts to those aged 85 and above. If you die before the age of 85, your money will be used to help those in need.
The compulsory annuity scheme ensures that all Singaporeans will be able to sustain themselves even with increased longevity. It is an intelligent scheme that enables Singaporeans to be self-sufficient. That is far, far better than simply receiving handouts from the government. By getting everyone to support one another in old age, Singaporeans become self-reliant, and avoid the dreadful pitfalls of welfarism.
By getting Singaporeans to rely on each other as much as possible, the PAP government (may the PAP progress!) frees up capital for investment in the future of Singapore, like building better infrastructure, and in research and development. The PAP government thus achieves its grand objective of getting Singaporeans to stay together and move ahead!
All of us should give our support to the compulsory annuity scheme, and opt to defer receiving our CPF for as long as possible, so that everyone will collectively benefit!
PM Lee (may MM Lee and SM Goh be pleased with him!) has shown his mettle and courage in implementing policies that are unpopular, but which operate for the greater good of Singapore. For this, we should rally together to support him and the compulsory annuity scheme. Let us join in the Great and Noble Cause of Nation Building, and reach for the Pot Of Gold!
Majulah PAP! Majulah Singapura!
Goh Bock Seng
