Allow people in need to withdraw from CPF retirement account

Video here SPEECH BY ER DR LEE BEE WAH, MP FOR NEE SOON GRC, AT THE SECOND READING OF THE CENTRAL PROVIDENT FUND (AMENDMENT NO. 2) BILL IN PARLIAMENT ON 10 OCT 2016 Madam Speaker, 1. I wholeheartedly welcome the changes to make the CPF system more friendly and flexible. It shows that our government acts responsibly and responsively. Exceptions for members who need their RA before 65 2. Firstly, fixing the Basic Healthcare Sum for each cohort is a great relief to Singaporeans.....

Read more >

Can sons- or daughters-in-laws be classified as related persons?

Speech by Mr. Louis Ng Kok Kwang, MP for Nee Soon GRC at the Second Reading of the Central Provident Fund (Amendment No. 2) Bill [Bill No. 26/2016] Introduction Madam Speaker, the CPF system has been lauded around the world as an effective method for a government to help manage the financial needs of citizens throughout their lifetime. The amendments to the CPF in this Bill will further strengthen the system and have far-reaching implications. I stand in support of this Bill for the following reasons.....

Read more >

Extending a Helping Hand

By Assoc Prof Muhammad Faishal Ibrahim, Parliamentary Secretary for the Ministry of Social and Family Development and the Ministry of Education, MP for Nee Soon GRC The topic of social and welfare assistance is a sensitive and emotive one. Many debates have invoked a variety of approaches to it. It ranges from cold, hard academic data to the fuzzy, emotional arguments. Like with many things, the challenge lies in seeking a balance that benefits both the recipient and the country in the long-run.....

Read more >

Making Singapore A Sporting Nation

Speech by Er. Dr. Lee Bee Wah in Parliament on 13th Sep 2016 Mr Deputy Speaker, Sir, before I proceed with my speech, I would like to declare my interest. I am the adviser for Singapore Swimming Association and the past President for Singapore Table Tennis Association. If I were to ask the question: are we a sporting nation? I am sure some will say yes, some will say no. Yes, because there are many exercise stations in our residential precincts,....

Read more >