Most coffeeshop conversations about the Central Provident Fund (CPF) has a negative view of it.
This is Even more so when it is this close to the election date.
With the advancement of social media and messaging apps like WhatsApp, inaccurate information can spread like wildfire with little validation and consequences.
I chanced upon one of those “fake news” on social media which goes like this:
” Everybody please note that when we kick the bucket, all our balanced CPF money will not be automatically deposited into our nominated Next-of-kin’s bank account in cash.
CPF board will instead send all your balanced CPF money to your nominated Next-of-kin CPF Medisave Account.”
source: www.gov.sg
Having experienced the process of doing ...