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Re: Renouncing PR and SRS withdrawal
Posted: Wed, 26 Apr 2023 10:46 pm
by Lisafuller
malcontent wrote: ↑Wed, 26 Apr 2023 10:08 pm
I am still a little conflicted about this one.
Mainly because the intent of PR changed without providing a reasonable alternative. Over that same time period, employers cut expat benefits. I guess we can say “vote with your feet” and leave, but it’s not always that simple.
I am fortunate; despite remaining on an EP my employer has always provided a substitute for CPF. As you can probably imagine, over the 27 years, I’d easily have lost out on over a half a million dollars (considering both employer contributions and CPF interest). I can’t imagine how others can deal with it. My BIL is one of them, over 10 years on EP and no CPF or substitute.
You're very lucky, it seems that you're one of the few who has found a job where they are truly (close to) irreplaceable and therefore get to reap significant benefits. I don't know many people who've been on EP as long as you have.
Re: Renouncing PR and SRS withdrawal
Posted: Wed, 26 Apr 2023 11:36 pm
by malcontent
Lisafuller wrote: ↑Wed, 26 Apr 2023 10:46 pm
malcontent wrote: ↑Wed, 26 Apr 2023 10:08 pm
I am still a little conflicted about this one.
Mainly because the intent of PR changed without providing a reasonable alternative. Over that same time period, employers cut expat benefits. I guess we can say “vote with your feet” and leave, but it’s not always that simple.
I am fortunate; despite remaining on an EP my employer has always provided a substitute for CPF. As you can probably imagine, over the 27 years, I’d easily have lost out on over a half a million dollars (considering both employer contributions and CPF interest). I can’t imagine how others can deal with it. My BIL is one of them, over 10 years on EP and no CPF or substitute.
You're very lucky, it seems that you're one of the few who has found a job where they are truly (close to) irreplaceable and therefore get to reap significant benefits. I don't know many people who've been on EP as long as you have.
I’m definitely not irreplaceable, but I have good job security because I don’t give anyone a reason to want to replace me. I accept criticism, I am eager to learn, always go the extra mile and can get along with just about all stripes. I don’t get stressed out because everytime I look at my paycheck, I have yet to see anything added for stress pay.
The only time I’ve ever had a clash is when some half-wit tried to screw with my work-life balance for no valid reason… that’s where I draw the line!
Re: Renouncing PR and SRS withdrawal
Posted: Thu, 19 Dec 2024 12:29 pm
by PNGMK
malcontent wrote: ↑Wed, 26 Apr 2023 10:08 pm
I am still a little conflicted about this one.
Mainly because the intent of PR changed without providing a reasonable alternative. Over that same time period, employers cut expat benefits. I guess we can say “vote with your feet” and leave, but it’s not always that simple.
I am fortunate; despite remaining on an EP my employer has always provided a substitute for CPF. As you can probably imagine, over the 27 years, I’d easily have lost out on over a half a million dollars (considering both employer contributions and CPF interest). I can’t imagine how others can deal with it. My BIL is one of them, over 10 years on EP and no CPF or substitute.
There's absolutely been a change in intent. When I applied there was no discussion at all about becoming an SC. I rarely hear now either of those urban legends who were invited to apply for PR or for SC by the ICA.
Re: Renouncing PR and SRS withdrawal
Posted: Thu, 19 Dec 2024 1:06 pm
by malcontent
PNGMK wrote: ↑Thu, 19 Dec 2024 12:29 pm
malcontent wrote: ↑Wed, 26 Apr 2023 10:08 pm
I am still a little conflicted about this one.
Mainly because the intent of PR changed without providing a reasonable alternative. Over that same time period, employers cut expat benefits. I guess we can say “vote with your feet” and leave, but it’s not always that simple.
I am fortunate; despite remaining on an EP my employer has always provided a substitute for CPF. As you can probably imagine, over the 27 years, I’d easily have lost out on over a half a million dollars (considering both employer contributions and CPF interest). I can’t imagine how others can deal with it. My BIL is one of them, over 10 years on EP and no CPF or substitute.
There's absolutely been a change in intent. When I applied there was no discussion at all about becoming an SC. I rarely hear now either of those urban legends who were invited to apply for PR or for SC by the ICA.
Screws only go one direction here… tighter.