Thursday, September 30, 2010

Min sum for medsave UP 22%

What this MRA increase means is that for example, if a CPF account holder
has $150,500 in his Ordinary and Special accounts but zero in his medisave
account, he can only withdraw $24,600 (20 per cent withdrawal rule from 1
January, 2011 on current Minimum Sum (MS) of $123,000), at age 55,
regardless of any MS property pledge.

At the current rate of annual increase in the MS and MRA totalling $11,000 a
year (MS $6,000 plus MRA $5,000), when the MS withdrawal rule is phased out
to zero in 2013, those who have less than $183,500 (current $150,500 plus
$11,000 times 3 years), may not be able to withdraw anything at all at 55.


In the near future, even if you have $200K in your supposedly CPF account,
you will never get the chance to kiss your money when you turn 55.

Remember to vote for all your money to be locked up in your CPF which many
think has no cash at all. Ho Jinx may have a very clear picture of where
those citizens' monies were. All converted to L$ (Lee dollars?)


Man fined for sex act in toilet

SINGAPORE: A 47-year-old unemployed man was fined S$3,000 on Tuesday for performing fellatio on another man in a public toilet in Citylink Mall.

Tan Eng Hong was spotted peeking at another man in an adjacent cubicle through the gap below the partition walls on March 9 this year, the court heard.

When police arrived and summoned both men out, Tan was seen wearing only his shirt and tried to throw a condom into the toilet bowl, the court heard.

The other man, Chin Chee Shyong, 40, was busy getting dressed.

Chin had already been fined S$3,000 last month.

In mitigation, defence lawyer M Ravi said his client was very remorseful of his actions and has since sought help at a homosexual counselling centre that assists gays and addresses their social and psychological issues.

He urged District Judge Sarjit Singh to impose a fine on Tan as he had taken "positive steps to not repeat these acts in the public arena".

For performing an obscene act in a public place to the annoyance of others, Tan could have been jailed for up to three months, fined, or both.