Take care of the elderly

Dear Mr Tan
Perhaps there is space in your blog to help display my recent contribution to the Yahoo forum.
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International Longevity Centre survey (ST Aug 14) confirms older folks aged 60 do not have sufficient CPF upon retirement (only 5% male can rely on his CPF, 1% female can rely on her CPF). Feedback in past years to high ranking ministers concerning the plights of our retirees struggling with the measly CPF retirement payout all fallen on deaf ears. 

Our retirees love Sg, each having toiled 40-50 years continuously helped to transform Sg from 3rd world to 1st world country. Our retirees personify the true Spirit of Singapore: they are brave people, having toiled so
hard to raise the younger generation who now continues to contribute to our Nation's growth.

Our Govt told the world, that in wealthy Singapore, there is no lack of money for worthy cause. We allocated multi-billion dollars for estates renewal, multi-$billions to help neighbouring states, multi-$millions for mega showcase events, multi-$billions to help the lower-income with wage supplements, to own their flats, multi-$millions to help the bottom rung 10% elderly sick. Our accumulated wealth is largely the contribution from the toil and hard work of our 80% healthier elderly folks.

Certainly, it is NOT a welfare handout to help this cohort who live in fear of financial insecurity, social oblivion long being forgotten. A tiny token of state monthly-supplement can sooth the souls.

Many of our top earner elites are enjoying comfortable Govt life pension. Our elderly folks rightly deserve a fair share of our Nation's wealth redistribution. We can consider setting up a Hard-work-Ethos Endowment Trust (in order to help overcome the unfounded and fixated paranoid about exhausting our reserves).

For past 4-5 decades of hardwork, the retiree rightly deserve a token monthly-supplement to enable her/him cope with stress and anxiety so as to lead a dignified life during her/his last 5-15 remaining years continuing with their "I love Sg" spirit (a national unifying force).

This culture of caring, will also spur younger Singaporeans to return from abroad to contribute to our economy with lesser worry for their own old age needs.