Allow Self Sufficient to Opt out of Scheme

I'm really proud of my friend. Let's call her Mdm Quek. She has written to the forum on The Straits Times, voicing out her comments regarding our use and our say of our retirement funds.

Though I will only turn 31 in November, I can't help but to worry about retirement and our aging population. As I am an Administrator, I can't imagine myself at 70 years old, taking the MRT at 730am every morning to go the office and squeezing my nearly broken down body into the crowded train.

Wow, I would have to apply tons & thick layers to make up to cover my wrinkles. Anyway, I doubt any company would hire me as an Administrator when I'm 70. Maybe, I will clear tables and dishes at the hawker centre instead with MOTH side by side (he'll be 74)?

I extract her article for your reading pleasure:

http://www.straitstimes.com/ST%2BForum/Story/STIStory_151219.html

Allow the self-sufficient to opt out of scheme

I HAVE worked very hard my whole life. I am sure I am capable of looking after myself when I age. I do not think I need to have any part of my Minimum Sum put aside to pay for an annuity that would give me monthly payouts after age 85.

I do not think many people will live past that age.

I would also want all my hard-earned money to go to my children and not into a common pool, as the Government envisages.

I hope the Government will allow those who can well take care of themselves in their old age to opt out of buying an annuity.


Quek Gek Soo (Mrs)