Since this is actually a longer rant, I figured I’d make use of this thread.

There are no retirement plan pensions in Singapore. Instead, what the government does is take 2.5% of your salary every month and store it with them. If you work like a slave and somehow manage to get the minimum required amount of money, you only get it back (in small, insignificant pay-backs from the government). In fact, we are left so poor until then that we actually can borrow money from this account (called CPF) to buy a commieblock apartment. WE HAVE TO BORROW OUR OWN FUCKING MONEY THAT IS UNDER GOVERNMENT CONTROL TO BUY A FUCKING HOUSE.
That’s the tip of the iceberg.
Well, the government (and by government, I mean PAP) just raised the minimum amount to SGD $131,000. Let’s say you work 30 years between the ages of 25 and 55, considering that all men have to waste two years of their lives in the army and then compete with 374723572509 foreigners/foreign-born-and-naturalized citizens to get into college.
30 years = 360 months
131,000 / 360 = 363.89
363.89 / 2.5 x 100% = 14,555.6
You need an average salary of $14,555.60 in that period of 30 years in order to get your own money back when you turn 55. Needless to say, the majority of Singaporeans don’t reach the minimum required amount by age 55 and have to continue working well into their old age. The only people that do are probably those working for the government (and by that, I mean those working for the PAP)… oh wait, hang on a second.

God knows what age you’ll be before the government starts paying you back, and I think it’s safe to say that you’ll be six feet under before they even give you back half of your CPF money, and guess who all that money goes to.
If these rants continue, I think I’ll have to include this section from now on.
What it is CPF
Advertised by the government asHelping you have enough funds after you retire
What it really does1. Keep you practically working until you die
2. Give the government free money when you die