Mr Clifford Theseira states that he had to resort to be a Grab driver as his CPF payout of $575 per month was measly.
This is not a full reflection of his circumstances. Mr Theseira had withdrawn a total of about $140,000 from his CPF since turning 55. If Mr Theseira had not done so, his monthly payout could be more than $1,000 per month instead. In addition, Mr Theseira co-owns a 5-room HDB flat which is fully paid up.
As stated in the letter shown in his post, Mr Theseira could contribute his MediSave monthly via GIRO. The GIRO payment plan would amount to less than 1% of his monthly income. As long as he makes regular CPF contributions, which is no different for all other workers, he will be able to renew his licence when it becomes due in July next year.
As a member of the Pioneer Generation, Mr Theseira has benefited from government support measures. In 2019 alone, he has received MediSave top-ups and special premium subsidies for MediShield Life of about $600. He has also received Workfare payouts of over $2,300 in cash and CPF.
