PAP Started Earning from Singaporeans’ CPF from the 1980s. It’s Been More than 30 Years.


For a long time, Singaporeans did not know what the PAP has been taking our CPF to use. Finally, last year, the PAP admitted that they have been taking our CPF to give to GIC to invest and earn. Not only that, this was done without our permission and the excess returns are not given back to Singaporeans. The GIC keeps it for itself. Where did our money go?

Today, the GIC has an estimated $440 billion but Singaporeans only have $282 billion inside our CPF. Not only that, the GIC is ranked as one of the 15 richest sovereign wealth funds in the world but Singaporeans have one of the least adequate retirement funds among the Organisation for Economic Co-operation and Development (OECD) and Asia-Pacific countries. Why does the PAP let the government investment firm become so rich, but make Singaporeans so poor? Where did our money go?

In 1984, the PAP made Singaporeans pay part of our CPF into the Medisave. By 2013, Singaporeans had contributed more than $65 billion into the Medisave but Singaporeans were only allowed to withdraw $0.8 billion from Medisave for Direct Medical Expenses. This meant that Singaporeans were only allowed to use 1.2% of the total Medisave balance. Where did our money go?

In 1987, the PAP created the CPF Minimum Sum. Today, Singaporeans would need to have $161,000 inside our CPF, otherwise we would not be able to take out the excess CPF monies out at 55 years old. However, the PAP has depressed the wages of Singaporeans for the past 10 to 20 years, and they have also depressed the CPF interest rates to 2.5% to 4% since 1999, but they have increased the CPF Minimum Sum by as much as 10% in some years. Clearly, there is no way that our CPF will be able to grow fast enough to catch up with the CPF Minimum Sum (now known as the Full Retirement Sum). It is estimated that nearly 90% of Singaporeans are not able to take out our CPF and are unable to retire today. Why did the PAP lock up our CPF?

In 1990, the PAP made Singaporeans pay part of our Medisave into the MediShield. From 2001 to 2010, there was a surplus of $850 million inside the MediShield but in 2011, Singaporeans were only allowed to claim $282 million from MediShield. This meant that Singaporeans were only allowed to use a quarter of our MediShield (and this does not include the surplus from 1990 to 2000). This also means that more than 75% of the MediShield premiums that we have paid goes into surplus. Where did our money go?

The PAP has been making Singaporeans Pay And Pay since 1981 – for more than 30 years now. And the PAP keeps taking our money and our CPF to Earn And Earn. Where did our money go?

Today, the PAP is unwilling to be transparent and accountable to Singaporeans. The PAP continues to hide what it has been doing with our money and our CPF.

Do you want your money back? Do you want the government to return us our money?

Then there is only one way to do it. The PAP will not #ReturnOurCPF. The PAP will not be transparent to Singaporeans. The PAP will not be accountable to Singaporeans.

The only way is to kick out the PAP, so that Singaporeans will finally be able to know what is really going on, and where our money is.

#VoteOpposition #VoteforYourFuture


  1. colinkoh2700

    No wander they can afford to help the poor and needles and top up our medisafe unlike others corrupt government that let their citizen suffer, just look across the straits.

    Sent from my iPhone


  2. Ted

    Wow… Cannot imagine another person more dense or evil than Roy… DPM answered all his questions and he still dun understand what is simple economics and finance, thus I call Roy dense.
    Why evil? Because I find it impossible for someone to be so dense that he can’t understand why CPF is so good… Thus it can only mean one reason, Roy is trying to destroy our prosperous and rich nation by spreadin lies to hoodwink the unwitting.
    How can someone be born evil? I didn’t believe it will happen but it’s indeed possible , just look at Roy… A duplicate of the devil himself…

    • Jeffery

      Hey ted,

      Please mind your words if u can only resort to calling roy a duplicate of the devil.

      Roy have parents who worked a decent life of hardship to bring up a boy with compassion for welfare of singaporeans.

      Who the fuck do u think ur coming in her brashfully uninvited n calling our hero ‘duplicate of the devil’ with no actual facts n figures to support your baised hypothesis n insted make unjustified claims malingering our roy?

      Who the fuck do u think ur?

      Seems to me that u lack the proper upbringing to a just way of life. Its ok, i shall teach u here. Cos lesser human beings that are of high posts will not hesitate to sue u bankcrupt.

      Be thankful u aint getting sued.

      Let me tell u wads going to happen. Roy is going to win in the elections n he will push through constitutions that benefit millions of singaporeans. Because the difference from roy n u is: roy do it for the people. U, ted, u only whimper like a motherfucking pathethic paralysed dog in here, devoid of your proper sense of truth n compassion.

      I pity your parents. Take care n have a good one.

  3. Singapore Citizen Mr. Teo En Ming (Zhang Enming)

    Subtle Denial of Medical Treatment by the Singapore Government for Mr. Teo En Ming (Zhang Enming)

    Mr. Teo En Ming (Zhang Enming)
    Singapore Citizen

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s